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Property profile & analytics
OFF-MARKET
Estimated value
$6,420,000
Retail space
8611 Ward Rd 1 Vancouver, WA 98682-2793
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0936990
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,088 SF
Lot
4 ac (174,240 SF)
Zoning code
CC : CLK
APN
104142-000
UPID
US90-0936990
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
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
-
Arbor Dental Dental Office
-
Luxury Nails & Spa Nail Salon
-
Steak Your Claim Restaurant
-
Magnolia Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
$8.03M
Blend (final)
Blend
$6.42M
Owner & transaction history
Clark County · 21 yrs held
Clark County
since 2005
5 recorded transactions
Zoning & alternative use
CC : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+3.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,330,000
6.5%
$4,920,000
7%
$4,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,660,000
Current use
RESTAURANT
$8,985,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$7,430,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.42M
Range $5.78M – $7.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$237 / 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
$72,010
Tax year 2023
Assessed value
$7,903,600
Assessed 2023
Previous assessed
$6,872,700
+15.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,204,136
Assessed improvement
$5,699,464
Land market value
$2,204,136
Improvement market value
$5,699,464
Total market value
$7,903,600
Applied tax rate
10,064.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
1
Total area
27,088 SF
Lot
4 ac (174,240 SF)
Zoning code
CC : CLK
APN
104142-000
UPID
US90-0936990
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WA
Zoning CC : CLK · permitted uses
CC : CLK · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.7M
RESTAURANT
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$7.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
Clark County
Entity
Free & Clear · 21 yrs held
Mailing address
19767 SW 72ND AVE STE #100, TUALATIN, OR 97062-8354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
Ward 162nd LLC
—
Deed
related
$6,100,000 · Heritage Southeast Bank
Mar 16, 2020
—
Ward 162nd LLC
—
Deed
related
$350,000 · M&t Bk
Jun 1, 2005
—
Clark County
Ward 162nd LLC
Quit Claim Deed
related
—
Apr 29, 2005
—
Ward 162nd LLC
Gc Capital LLC
Warranty Deed
$7,600,000 · First Independent Bank
—
—
Ward 162nd LLC
—
Loan Modification
related
$350,000 · M&t Bk
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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