Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    9401 Covington Rd, Unit 20 Vancouver, WA 98662-3860
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9401 Covington Rd, Unit 20 Vancouver, WA 98662-3860

    View on Map
    • Office properties & Spaces
    • 4,320 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US90-1465038
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Janet Richardson - COUNTRY Financial Representative / Financial Advisor
    • Rhiana Cameron - COUNTRY Financial representative / Insurance Agency
    • Eling Law / Law Firm
    • Saige Rose / Alternative Medicine Practice
    • Cleereman Controls / Factory / Industrial Manufacturer

    Property Details for 9401 Covington Rd

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    0.48 lot acres
    Property size
    4,320 SF
    Zone code
    CC : CLK
    Property type
    Office properties & Spaces
    APN
    104617-000
    APU
    104617000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $403,000
      Market price range: $156k - $805k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,025,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $995,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $895,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.576
    Latitude
    45.6768
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,860
    $170,731
    $515,469
    $686,200
    -
    $170,731
    $515,469
    $686,200

    Comparable in this City

    • Value Estimation
      $600,000
      3,043 SF

      6403 117th Ave, Unit 38

      OFFICE (GENERAL) • 3,043 SF
      6403 117th Ave, Vancouver, WA 98662-5560
      View Details
    • Value Estimation
      $2,210,000
      18,295 SF

      10818 Coxley Dr

      OFFICE (GENERAL) • 18,295 SF
      10818 Coxley Dr, Vancouver, WA 98662-6163
      View Details
    • Value Estimation
      $3,110,000
      15,000 SF

      9300 Vancouver Mall Dr, Unit 22

      OFFICE (GENERAL) • 15,000 SF
      9300 Vancouver Mall Dr, Vancouver, WA 98662-8201
      View Details
    • Value Estimation
      $23,090,000
      267,562 SF

      8600 117th Ave, Unit 10

      OFFICE (GENERAL) • 267,562 SF
      8600 117th Ave, Vancouver, WA 98662-3255
      View Details
    • Value Estimation
      $820,000
      5,454 SF

      5512 109th Ct

      OFFICE (GENERAL) • 5,454 SF
      5512 109th Ct, Vancouver, WA 98662-6175
      View Details
    • Value Estimation by Request
      600 SF

      10501 53rd St

      OFFICE (GENERAL) • 600 SF
      10501 53rd St, Vancouver, WA 98662-6396
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Premier Vancouver Suburban Office Buildings

      Well-maintained office buildings with a long-term tenant and modern amenities.
      7500-7600 NE 41St St, Vancouver, WA 98662
      View Details
    • $6,750,000

      Medical/Office Buildings with Long-Term Tenant

      Two buildings totaling 12,037 SF, fully leased, renovated in 2021.
      NE Fourth Plain Blvd, Vancouver, WA 98662
      View Details
    • Contact for pricing
      65,000 SF

      Vancouver Investment Opportunity Near Mall

      Fully leased commercial property near I-205 and Vancouver Mall.
      9300 Van Mall Dr, Vancouver, WA 98662
      View Details
    • $29,275,000
      151,407 SF

      Vancouver Suburban Office Buildings For Sale

      Two premier office buildings in Vancouver Mall submarket.
      7500-7600 NE 41St St, Vancouver, WA 98662
      View Details
    • Contact for pricing

      Two-Story Office Building For Sale

      Two-story office building with ample parking and easy highway access.
      7700 NE Greenwood Dr, Vancouver, WA 98662
      View Details
    • $2,200,000

      Two-Story Office Building in Vancouver

      Remodeled office building with ample parking and strategic location.
      6407 Northeast 117Th Ave, Vancouver, WA 98662
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Office with Balconies

      Full floor office space with outdoor balconies for rent.
      Vancouver, WA 98662
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in corporate office park for rent.
      7700 NE Parkway Dr, Vancouver, WA 98662
      View Details
    • Contact for pricing

      Premier Suburban Office Building

      Vancouver office building with contemporary design and comprehensive amenities.
      7600 NE 41St St, Vancouver, WA 98662
      View Details
    • Contact for pricing
      4,800 SF

      High Visibility Corner Office Suite

      Newly renovated office suite near Vancouver Square Mall for rent.
      5115 NE 82Nd Ave, Vancouver, WA 98662
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Vancouver, Washington.
      10818 NE Coxley Dr, Vancouver, WA 98662
      View Details
    • $25 SF/Yr

      Three-Story Office Building For Rent

      Centrally located office building near Vancouver Mall with many amenities.
      4601 NE 77Th Ave, Vancouver, WA 98662
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9401 Covington Rd, Unit 20
    Vancouver, WA 98662-3860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!