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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Grocery and convenience stores
9920 117th Ave Vancouver, WA 98662-1503
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2769732
Property summary
AI-generated overview
This exceptional retail property, located at 9920 NE 117th Ave, Vancouver, WA 98662, offers a compelling investment opportunity. The 3,800 square foot building, constructed in 2021, is situated on a 0.25-acre lot and is currently leased under a triple-net (NNN) agreement to Sherwin-Williams. The lease commenced February 22, 2021, and features a built-in 10% rent increase scheduled for February 2026, ensuring future income growth. The property boasts a strong net operating income (NOI) of $106,400, resulting in a 5.00% capitalization rate and a price per square foot of $560. This investment is further enhanced by its strategic location within the MAJ Place BP center, alongside a 7-Eleven with fuel and a Starbucks Drive-Thru, creating a high-traffic retail environment. The property benefits from excellent visibility and accessibility, with approximately 70,690 vehicles passing daily at the intersection of NE 117th Ave and NE 99th Street. This presents a stable, high-quality tenant in a thriving retail corridor, making it an attractive investment for discerning buyers. The asking price for this turnkey investment is $2,128,000.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2020
Total area
3,726 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CC : CLK
APN
986056-366
UPID
US90-2769732
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
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Gc 117 LLC · 1 yrs held
Gc 117 LLC
since 2025
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
CC : CLK · 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
Method
Estimation
Statistic approach
$2,145,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.03M (Feb 13 2025)
Last sale anchor
$2.03M
Feb 13 2025
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
$554 / 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
$8,073
Tax year 2023
Assessed value
$1,074,300
Assessed 2023
Previous assessed
$976,600
+10.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$160,930
Assessed improvement
$913,370
Land market value
$160,930
Improvement market value
$913,370
Total market value
$1,074,300
Applied tax rate
10,284.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2020
Heating
NONE
Total area
3,726 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CC : CLK
APN
986056-366
UPID
US90-2769732
Jurisdiction
CLARK
Zoning & alternative use
CC : CLK · Vancouver, WAZoning 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
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Gc 117 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
300 W 15TH ST STE #200, VANCOUVER, WA 98660-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$2,026,500
Gc 117 LLC
Maj Place Bp LLC
Warranty Deed
—
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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