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Property profile & analytics
OFF-MARKET
Medical Office Space
201 124th Ave, Vancouver, WA 98684-6066
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0049265
Property summary
AI-generated overview
This exceptional investment opportunity presents a 7,784 square foot retail property located at 201 SE 124th Avenue in Vancouver, Washington, 98684. The Class B building sits on a 0.37-acre lot and features six units, each approximately 3,344 square feet. The property boasts ample parking with 22 spaces, providing a convenient 4.2 spaces per 1,000 square feet of leased space. Currently 100% leased, this multi-tenant building is zoned C3, offering flexibility for various commercial uses. Its strategic location in a rapidly growing area of Vancouver provides easy access to major transportation routes, retail centers, and dining options. The property's proximity to Cascade Station, Portland International Airport, and the Columbia River Gorge further enhances its appeal. This investment presents a strong opportunity to capitalize on the thriving Vancouver market. The asking price is $2,500,000. Please note: Do not disturb tenants.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2010
Construction
WOOD
Total area
6,688 SF
Lot
0.37 ac (15,950 SF)
Zoning code
CC : VAN
APN
110286-176
UPID
US90-0049265
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
-
William Thorbecke, PHD Physician Medical Clinic
-
Integrity Counseling Marriage Or Relationship Counselor Counselor
-
Miki Morrow Alternative Medicine Practice Spa & Massage Center
-
Ashlyn Lavine Marriage Or Relationship Counselor
-
Lee David T MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pluard LLC · 1 yrs held
Pluard LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CC : VAN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,705
Tax year 2023
Assessed value
$1,435,500
Assessed 2023
Previous assessed
$1,248,300
+15.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$387,343
Assessed improvement
$1,048,157
Land market value
$387,343
Improvement market value
$1,048,157
Total market value
$1,435,500
Applied tax rate
10,143.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
OTHER
Stories
2
Bathrooms
1
Total area
6,688 SF
Lot
0.37 ac (15,950 SF)
Zoning code
CC : VAN
APN
110286-176
UPID
US90-0049265
Jurisdiction
CLARK
Zoning & alternative use
CC : VAN · Vancouver, WA
Zoning CC : VAN · permitted uses
CC : VAN · 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.
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
OTHER
Stories
2
Bathrooms
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pluard LLC
Entity
Mailing address
10300 SE 13TH CIR, VANCOUVER, WA 98664-4726
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
$2,100,000
Pluard LLC
Kyungduk Son
Warranty Deed
—
Feb 20, 2025
$1,200,000
Pluard LLC
Kyungduk Son
Warranty Deed
—
Aug 3, 2016
$1,300,000
Kyungduk Son
124th Center LLC
Warranty Deed
—
Jun 10, 2010
—
124th Center LLC
Jung,kooyeoll & Kyungok
Quit Claim Deed
related
$950,000 · Bank Of America
Feb 28, 2006
$395,000
Kooyeoll Jung
Calderon Trust
Warranty Deed
$200,000 · Calderon Trust (tr)
—
—
124th Center LLC
—
Deed Of Trust
related
$1,136,000 · Sterling Bank
—
—
124th Center LLC
—
Deed Of Trust
related
$1,050,000 · Key Bank & Trust
—
—
Kooyeoll Jung
—
Deed Of Trust
related
$800,000 · Bank Of America
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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