Property profile

12500 Southeast 2Nd Cir Vancouver, WA 98684

FOR LEASE
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Property ID
US90-1367246
42,082 SF 2.59 ac Built 2003
Last sale Jun 2000·$995,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property consists of Class A office space within a larger campus of six office buildings and totals 37,137 square feet. The space is configured to support office use and includes amenities such as conference facilities, a tenant lounge, bicycle storage, and showers. It is located in the vicinity of SE Mill Plain Boulevard and provides access to I-205, with proximity to PDX International Airport, SR-500, downtown Vancouver, and Portland.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$80k
Tax billed · 2023
Assessed value$8.38M
Assessed land$1.97M
Assessed improvement$6.41M
Effective rate0.95%

Value estimate

· Nov 2026
$5.66M
$5.09M – $6.22M
Submarket $/SF estimate$3.83M
NOI build-up
Gross scheduled income$686k
Vacancy & credit loss−$49k
Operating expenses−$159k
NOI$478k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$237/SF
Submarket average, outlier-cleaned · 131 recorded sales of this use type
Observed band · Q1–Q3$183 – $336
Qualifying comparables5

Cap rate analysis

How does the asset earn?
$478k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC : VAN
JurisdictionCLARK

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
Clothing Store10.5
Barber Shop10.1

Location

12500 Southeast 2Nd Cir Vancouver, WA 98684
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
701 136th, Vancouver, WA 98684-6937 $4,840,000 Dec 2025 34,504 SF
12000 Ml Pln, Vancouver, WA 98684-6034 $1,700,000 Jan 2025 6,602 SF
315 Stonemill, Vancouver, WA 98684-6998 $4,659,000 Dec 2024 15,820 SF
14001 1st, Vancouver, WA 98684-3513 $15,200,000 Jul 2023 56,556 SF
11201 9th, Vancouver, WA 98684-5964 $6,100,000 Jun 2023 28,380 SF
811 112th, Vancouver, WA 98684-5115 $3,250,000 Dec 2021 13,482 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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