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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Strip malls
8510 Ml Pln Blvd 4 Vancouver, WA 98664-2056
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0044240
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
CONCRETE
Total area
22,320 SF
Lot
1.46 ac (63,598 SF)
Zoning code
CC : VAN
APN
110819-011
UPID
US90-0044240
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lil Q Food Store Grocery & Convenience Store
-
Summer Sunny Foot Spa Spa & Massage Center
-
Prestige Denture Clinic Dental Office
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Sunny Asian Massage Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Mill Plain Square LLC · 7 yrs held
Mill Plain Square LLC
since 2018
7 recorded transactions
Zoning & alternative use
CC : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vancouver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vancouver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,285
Tax year 2023
Assessed value
$3,068,850
Assessed 2023
Previous assessed
$3,068,850
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$916,000
Assessed improvement
$2,152,850
Land market value
$916,000
Improvement market value
$2,152,850
Total market value
$3,068,850
Applied tax rate
10,143.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
22,320 SF
Lot
1.46 ac (63,598 SF)
Zoning code
CC : VAN
APN
110819-011
UPID
US90-0044240
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WAZoning CC : VAN · permitted uses
CC : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Mill Plain Square LLC
Entity
Mailing address
PO BOX 908, VANCOUVER, WA 98666-0908
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
$2,650,000
Mill Plain Square LLC
Jio LLC
Warranty Deed
$2,000,000 · Miscellaneous Ins Co
Aug 3, 2018
—
Man S Mun
—
Deed
related
$1,443,650 · Consolidated FCU
May 2, 2018
—
Man S Mun
—
Deed
related
$1,461,168 · Consolidated FCU
Feb 6, 2018
—
Man S Mun
—
Deed
related
$1,480,090 · Consolidated FCU
Feb 24, 2006
—
Jio LLC
Mun,man S & Hyong S
Grant Deed
—
Dec 8, 2005
$2,750,000
Man Sok Mun
Garden Park Estates INC
Warranty Deed
$2,000,000 · Consolidated FCU
Feb 24, 1993
$222,964
Bud Goldhammer
Unknown
Grant Deed
—
—
—
Man S Mun
—
Loan Modification
related
$1,480,090 · Consolidated FCU
—
—
Man S Mun
—
Loan Modification
related
$1,443,650 · Consolidated FCU
—
—
Man S Mun
—
Loan Modification
related
$1,461,168 · Consolidated FCU
—
—
Ming T Kuo
—
Deed Of Trust
related
$800,000 · Centennial Bank
—
—
Bud L Goldhammer
—
Deed Of Trust
related
$443,000 · Bank Of Vancouver
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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