Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    201 NE Park Plaza Dr Vancouver, WA 98684
    Back to Search
    Property profile & analytics

    201 NE Park Plaza Dr, Vancouver, WA 98684

    View on Map
    • Office Spaces
    • 125,104 SF
    • 7.67 lot acres
    For Lease
    $27 SF/Yr
    View Listing →
    Office Space Available For Lease For Lease
    $27 SF/Yr

    Office Space Available For Lease

    Office space for lease at NE Park Plaza Dr, Vancouver.

    201 NE Park Plaza Dr, Vancouver, WA 98684
    View Listing
    Property ID
    US90-0480669
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Guild Mortgage Company / Loan Service / Bank
    • Forensic Accounting Corp / Accounting Firm / Tax Preparation
    • Kristina DeVore Law Firm PLLC / Law Firm
    • Finance of America Mortgage LLC / Loan Service / Bank
    • Guild Mortgage - Leslie Catabay / Loan Service / Bank

    Property Details for 201 NE Park Plaza Dr

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    7.67 lot acres
    Zone code
    OCI : VAN
    Property type
    Office Spaces
    APN
    114727-650
    APU
    114727650

    Description

    Park Towers, located at 201 NE Park Plaza Dr, Vancouver, WA 98684, offers a diverse range of office spaces for lease. This Class A building, constructed in 1995, boasts a total of 340,855 square feet and comprises 15 individual suites. The property is currently multi-tenant occupied, with 64,821 square feet of vacant space available. Suitable for a variety of businesses, Park Towers caters to traditional office, executive office, medical office, and creative office needs. Flexible space options are available, ranging from a minimum of 700 square feet to a maximum contiguous space of 12,333 square feet, allowing for businesses of all sizes to find a suitable fit. The building's prime location in Vancouver, Washington provides easy access to major transportation routes and amenities. Interested parties are encouraged to inquire about available spaces and lease terms. The building's versatile layout and modern amenities make it an ideal location for businesses seeking a productive and comfortable work environment. Currently, there are 18 spaces available for lease. Contact us today to schedule a viewing and explore the possibilities at Park Towers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,913,000
      Market price range: $3.23M - $20.4M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $25,980,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.539
    Latitude
    45.6225
    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
    $227,782
    $5,071,765
    $18,806,335
    $23,878,100
    -
    $5,071,765
    $18,806,335
    $23,878,100

    Comparable in this City

    • Value Estimation
      $1,560,000
      11,866 SF

      15520 Ml Pln Blvd, Unit 2

      OFFICE (GENERAL)
      15520 Ml Pln Blvd, Vancouver, WA 98684-8904
      View Details
    • Value Estimation
      $5,655,000
      42,082 SF

      12500 2nd Cir

      OFFICE (GENERAL)
      12500 2nd Cir, Vancouver, WA 98684-6028
      View Details
    • Value Estimation
      $1,020,000
      2,847 SF

      12405 2nd Cir

      OFFICE (GENERAL)
      12405 2nd Cir, Vancouver, WA 98684-6064
      View Details
    • Value Estimation
      $1,625,000
      4,194 SF

      15609 Ml Pln Blvdc

      OFFICE (GENERAL)
      15609 Ml Pln Blvdc, Vancouver, WA 98684-8952
      View Details
    • Value Estimation
      $4,320,000
      32,966 SF

      12503 Ml Pln Blvd

      OFFICE (GENERAL)
      12503 Ml Pln Blvd, Vancouver, WA 98684-4009
      View Details
    • Value Estimation
      $10,065,000
      70,774 SF

      222 Park Plz Dr

      OFFICE (GENERAL)
      222 Park Plz Dr, Vancouver, WA 98684-5895
      View Details

    Similar Nearby for Sale

    • $499,000
      0.32 Acres

      Commercial Land in Vancouver, WA

      Prime commercial land for diverse uses in Vancouver, WA.
      18712 SE 1St St, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space Near Mill Plain

      Office space for sale near shopping, medical, and hotels.
      204 SE Stonemill Dr, Vancouver, WA 98684
      View Details
    • $2,720,000
      8,000 SF

      Prime Vancouver Medical Office Building

      Class A, 8,000 SF, $2.72M
      13118 4Th St, Vancouver, WA 98684
      View Details
    • New
      $3,950,000
      15,390 SF

      Vancouver Multifamily Investment Opportunity

      Portfolio of five duplexes, totaling ten units, all currently leased.
      13003 NE 25Th St, Vancouver, WA 98684
      View Details
    • $615,000
      2,096 SF

      Vancouver Multifamily Property For Sale

      Multifamily property in Vancouver, WA, featuring a large backyard.
      15813 SE 1St St, Vancouver, WA 98684
      View Details
    • $1,250,000

      Vancouver Commercial Land Development Opportunity

      Mix-use commercial property with development potential in high-traffic Vancouver location.
      12200 NE Fourth Plain Blvd, Vancouver, WA 98684
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with High Visibility

      Office space available with monument signage on SE Mill Plain.
      12306 SE Mill Plain Blvd, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at NE Park Plaza Dr, Vancouver.
      201 NE Park Plaza Dr, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space with Monument Signage

      Office space available for rent with monument signage.
      12214 SE Mill Plain Blvd, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Single-Story Flex Office Space

      Divisible 7,847 SF flex office space for lease.
      14301 SE 1St St, Vancouver, WA 98684
      View Details
    • Contact for pricing

      Office Space Near I-205

      Office space with convenient access to amenities and transportation.
      11201 NE 9Th St, Vancouver, WA 98684
      View Details
    • $24 SF/Yr

      Class A Office Space Available

      Sublease opportunity with furnishings and on-site amenities in Vancouver.
      12500 Southeast 2Nd Cir, Vancouver, WA 98684
      View Details
    View Listing
    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.
    201 NE Park Plaza Dr
    Vancouver, WA 98684
    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

    Thank You for Inquiry
    201 NE Park Plaza Dr, Vancouver, WA, 98684
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!