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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Industrial land
Vancouver, WA 98682
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2143101
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1992
Total area
8,132 SF
Lot
0.42 ac (18,295 SF)
Zoning code
IL : CLK
APN
107196-178
UPID
US90-2143101
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.07M
Owner & transaction history
Olbricht Trust · 5 yrs held
Olbricht Trust
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
IL : CLK · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+35.7%
Retail stores
$2.6M
+30.8%
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
$4,655,000
ML approach
$4,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,700,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$2,600,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $3.57M (Dec 7 2020)
Last sale anchor
$3.57M
Dec 7 2020
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
$500 / 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
$1,934
Tax year 2023
Assessed value
$177,084
Assessed 2023
Previous assessed
$160,985
+10.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$177,084
Land market value
$177,084
Total market value
$177,084
Applied tax rate
10,166.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
8,132 SF
Lot
0.42 ac (18,295 SF)
Zoning code
IL : CLK
APN
107196-178
UPID
US90-2143101
Jurisdiction
CLARK
Zoning & alternative use
IL : CLK · Vancouver, WA
Zoning IL : CLK · permitted uses
IL : 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
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
RESTAURANT
RETAIL STORES
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
1992
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Olbricht Trust
Trust
Free & Clear · 5 yrs held
Mailing address
4107 NE 136TH ST, VANCOUVER, WA 98686-2617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Olbricht Trust
12606 Ne 95th LLC
Warranty Deed
—
Aug 10, 2017
—
Investors Warranty Of America INC
Eastridge Associates I LLC
Grant Deed
related
—
May 2, 2017
$2,785,000
12606 Ne 95th LLC
Eastridge Ventures LLC
Warranty Deed
$2,367,000 · Jpmorgan Chase Bank NA
Aug 7, 2013
$1,725,000
Eastridge Ventures LLC
Investors Warranty Of America INC
Grant Deed
$1,567,500 · Umpqua Bank
Oct 15, 2010
—
Investors Warranty Of America INC
Eastridge Associates I LLC
Grant Deed
—
Dec 29, 2006
—
Garman-eastridge LLC
Eastridge Associates I LLC
Quit Claim Deed
—
Sep 20, 2006
$58,338,785
Eastridge Associates I LLC
Eastridge Business Park LLC
Grant Deed
—
Jul 20, 2001
—
Eastridge Business Park LLC
—
Deed Of Trust
related
$25,000,000 · Aid Association For Lutheran
Dec 29, 1997
—
Fontenette Yearout
Yearout,orville D & Alberta J
Quit Claim Deed
related
—
Apr 30, 1992
—
Orville Yearout
Unknown
Grant Deed
related
—
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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