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    Property profile & analytics

    Vancouver, WA 98686

    • Grocery and convenience stores
    • 2,400 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 20, 2025
    $796,165
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2297945
    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

    • Grocery and convenience stores

    Property Details

    Year built
    1983
    Lot size
    0.29 lot acres
    Property size
    2,400 SF
    Zone code
    GC : CLK
    Property type
    Grocery and convenience stores
    APN
    186777-007
    APU
    186777007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $435,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Current use
      RETAIL STORES
      $765,000
      Change: +39% Conversion: Easy
      MEDICAL BUILDING
      $660,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $570,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $500,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.652
    Latitude
    45.7149
    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
    $5,825
    $0.00
    $605,200
    $605,200
    -
    $0.00
    $605,200
    $605,200

    Comparable in this City

    • Value Estimation
      $5,810,000
      49,444 SF

      14300 20th Aveb

      GROCERY, SUPERMARKET • 49,444 SF
      14300 20th Aveb, Vancouver, WA 98686-6420
      View Details
    • Value Estimation by Request
      3,601 SF

      10709 Hwy 99th, Unit 6

      CONVENIENCE STORE • 3,601 SF
      10709 Hwy 99th, Vancouver, WA 98686-5614
      View Details
    • Value Estimation by Request
      7,629 SF

      11811 72nd Ave, Unit 94

      CONVENIENCE STORE • 7,629 SF
      11811 72nd Ave, Vancouver, WA 98686-3509
      View Details
    • Value Estimation
      $9,350,000
      46,261 SF

      2302 117th St

      GROCERY, SUPERMARKET • 46,261 SF
      2302 117th St, Vancouver, WA 98686-4010
      View Details
    • Value Estimation by Request
      2,007 SF

      14300 20th Avee

      CONVENIENCE STORE • 2,007 SF
      14300 20th Avee, Vancouver, WA 98686-6420
      View Details
    • Value Estimation by Request
      2,840 SF

      2619 134th St

      CONVENIENCE STORE • 2,840 SF
      2619 134th St, Vancouver, WA 98686-2793
      View Details

    Similar Nearby for Sale

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      Residential Lot in Salmon Creek

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    • Contact for pricing

      Industrial Zoned Land 9.62 Acres

      9.62 acres of industrial land in Vancouver, WA near I-205.
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    Similar Nearby for Lease

    • Contact for pricing
      4,589 SF

      Retail Space Available For Rent

      Retail property with 4589 square feet available for rent.
      13309 Highway 99 Northeast, Vancouver, WA 98686
      View Details
    • Contact for pricing
      89,363 SF

      Glenwood Marketplace: Retail Opportunity

      Prime Vancouver Retail Center - 6 Suites Available
      119th 72Nd Ave, Vancouver, WA 98686
      View Details
    • Contact for pricing
      78,616 SF

      Vancouver Warehouse Space Available

      78,616 SF warehouse with dock and grade loading.
      10018 Northeast 72Nd Ave, Vancouver, WA 98686
      View Details
    • $2,000 /Mo

      Kirkwood Office Complex For Rent

      Three two-story professional/medical buildings near Legacy Hospital.
      2101 NE 129Th St, Vancouver, WA 98686
      View Details
    • $28 SF/Yr
      4,681 SF

      Gateway Medical Center: Vancouver, WA

      Class A Medical Office Space Available
      2501 134Th St, Vancouver, WA 98686
      View Details
    • Contact for pricing
      583,278 SF

      Vancouver Warehouse Space Available

      Large industrial warehouse space available for lease in Vancouver.
      16713-17009 NE 50Th Ave, Vancouver, WA 98686
      View Details
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    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
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