Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Vancouver, WA 98662

    • Bars
    • 2,820 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2024
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2250205
    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.

    Current Use by Public Records

    • Bars

    Property Details

    Year built
    1998
    Construction
    WOOD
    Lot size
    1.25 lot acres
    Property size
    2,820 SF
    Zone code
    GC : CLK
    Property type
    Bars
    APN
    159786-005
    APU
    159786005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Alternative Use

      Use
      Estimation
      NIGHTCLUB (COCKTAIL LOUNGE)
      $240,000
      Current use
      COMMERCIAL (GENERAL)
      $300,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $295,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.567
    Latitude
    45.6611
    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
    $6,151
    $585,442
    $0.00
    $585,442
    -
    $585,442
    $0.00
    $585,442

    Comparable in this City

    • Value Estimation
      $280,000
      2,928 SF

      7225 4th Pln Blvd

      BAR, TAVERN • 2,928 SF
      7225 4th Pln Blvd, Vancouver, WA 98662-7146
      View Details
    • Value Estimation
      $1,075,000
      7,800 SF

      10713 117th Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 7,800 SF
      10713 117th Ave, Vancouver, WA 98662-1513
      View Details
    • Value Estimation
      $360,000
      1,440 SF

      9001 119th St

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,440 SF
      9001 119th St, Vancouver, WA 98662
      View Details
    • Value Estimation
      $760,000
      3,443 SF

      10514 4th Pln Blvd

      BAR, TAVERN • 3,443 SF
      10514 4th Pln Blvd, Vancouver, WA 98662-5752
      View Details
    • Value Estimation
      $350,000
      3,420 SF

      11100 76th St

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,420 SF
      11100 76th St, Vancouver, WA 98662-3931
      View Details
    • Value Estimation
      $240,000
      4,912 SF

      9400 72nd St

      NIGHTCLUB (COCKTAIL LOUNGE) • 4,912 SF
      9400 72nd St, Vancouver, WA 98662
      View Details

    Similar Nearby for Sale

    • $4,400,000

      Red Robin Vancouver Mall Outparcel

      Long-term leased restaurant property near Vancouver Mall.
      8311 NE Vancouver Mall Dr, Vancouver, WA 98662
      View Details
    • $30,510,000
      151,407 SF

      Prime Vancouver Retail Opportunity

      High-yield retail investment, 151,407 SF
      7500-7600 41St St, Vancouver, WA 98662
      View Details
    • Contact for pricing
      2.93 Acres

      Vancouver Commercial Land Opportunity

      Prime Commercial Land Near Winco
      11208 119Th St, Vancouver, WA 98662
      View Details
    • $13,600,000
      65,000 SF

      Van Mall Professional Campus

      Prime Vancouver Office Complex, 100% Leased
      9300 Van Mall Dr, Vancouver, WA 98662
      View Details
    • $329,000

      Updated Condo in Quiet Location

      Well-maintained condo with new HVAC and private balcony.
      8100 NE 104Th Cir, Vancouver, WA 98662
      View Details
    • $389,900
      2,188 SF

      Spacious Townhouse Style Condo

      Light-filled 2,188 SF townhouse-style condo in Amhurst Commons.
      5700 NE 82Nd Ave, Vancouver, WA 98662
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      56,079 SF

      Orchards Center: Vancouver Retail Space

      Prime Vancouver retail space, multiple units available.
      10411 Fourth Plain Blvd, Vancouver, WA 98662
      View Details
    • Contact for pricing
      177,042 SF

      Retail Space in Fred Meyer Center

      Retail space available in Fred Meyer-anchored shopping center.
      7411 NE 117Th Ave, Vancouver, WA 98662
      View Details
    • Contact for pricing
      3,800 SF

      Prime Vancouver Retail Outparcel

      3,800 SF Retail Space Available
      9914 117Th Ave, Vancouver, WA 98662
      View Details
    • $25 SF/Yr
      67,700 SF

      One Park Place: Vancouver Office Suites

      Premium Vancouver Office Space: Modern Amenities, Flexible Sizes
      7600 41St St, Vancouver, WA 98662
      View Details
    • $26 SF/Yr
      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
      338,719 SF

      Vancouver Logistics Phase II

      Class-A Industrial Space Available
      7704 72Nd 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.
    Vancouver, WA 98662
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.