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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Strip malls
915 164th Ave 14 Vancouver, WA 98683-9669
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0377223
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,400 SF
Lot
1.95 ac (84,942 SF)
Zoning code
IL : VAN
APN
115062-036
UPID
US90-0377223
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
-
Chipotle Mexican Grill Restaurant
-
Swim Spa Sale Portland, Oregon Lap Pools, Exercise Spas Sale Spa & Massage Center
-
Panera Bread Take-out & Catering Catering Service
-
Oregon Hot Tub- Vancouver (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
The Barbers Columbia Crossing Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Kohls Department Stores INC · 20 yrs held
Kohls Department Stores INC
since 2005
4 recorded transactions
Zoning & alternative use
IL : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+18.9%
Industrial (general)
$2.5M
+6.0%
Commercial (general)
$2.5M
+2.8%
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%
$2,195,000
6.5%
$2,025,000
7%
$1,880,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,400,000
Current use
MEDICAL BUILDING
$2,855,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,545,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,465,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,160,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$173 / 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
$38,067
Tax year 2023
Assessed value
$3,989,500
Assessed 2023
Previous assessed
$3,469,100
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,471,431
Assessed improvement
$1,518,069
Land market value
$2,471,431
Improvement market value
$1,518,069
Total market value
$3,989,500
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
CENTRAL
Stories
1
Total area
10,400 SF
Lot
1.95 ac (84,942 SF)
Zoning code
IL : VAN
APN
115062-036
UPID
US90-0377223
Jurisdiction
CLARK
Zoning & alternative use
IL : VAN · Vancouver, WAZoning IL : VAN · permitted uses
IL : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Cooling
Yes
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Kohls Department Stores INC
Entity
Free & Clear · 20 yrs held
Mailing address
15350 SW SEQUOIA PKWY STE #300, PORTLAND, OR 97224-7175
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2016
—
Manna Nw LLC
—
Deed
related
$57,000,000 · Wells Fargo Bk
Aug 24, 2005
$3,686,500
Kohls Department Stores INC
Columbia Tech Center LLC
Grant Deed
—
—
—
Columbia Tech Center LLC
—
Deed Of Trust
related
$95,000,000 · Miscellaneous Ins Co
—
—
Manna Nw LLC
—
Deed Of Trust
related
$57,000,000 · Wells Fargo 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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