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    7700 NE Parkway Dr Vancouver, WA 98662
    Property profile & analytics

    7700 NE Parkway Dr Vancouver, WA 98662

    View on Map
    • Office Spaces
    • 51,219 SF
    • 2.22 lot acres
    For Lease
    $7,490,000
    View Listing →
    Class A Office Building For Lease
    $7,490,000

    Class A Office Building

    Class A office building in corporate office park for rent.

    7700 NE Parkway Dr, Vancouver, WA 98662
    View Listing
    Property ID
    US90-0019646
    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

    • Dr. Alexis Candelier, Psy.D / Psychotherapist
    • Allyssa McGuire, LMHCA / Psychotherapist
    • Calisa Real Estate Broker / Real Estate Agency
    • Laura Harrington / Real Estate Agency
    • Shana Kunze, Realtor at Premiere Property Group / Real Estate Agency

    Property Details for 7700 NE Parkway Dr

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    2.22 lot acres
    Property size
    51,219 SF
    Zone code
    CG : VAN
    Property type
    Office Spaces
    APN
    160526-000
    APU
    160526000

    Description

    Parkway Plaza IV offers 50,804 square feet of Class A office space in a single, three-story building constructed in 2004. This executive office property, located in the desirable Vancouver Mall submarket of Clark County, boasts a total of 163 parking spaces, providing a generous parking ratio of 3.8 spaces per 1,000 square feet. The building sits on 2.2 acres of land and features a floor area ratio (FAR) of 0.53. Currently, there is one available suite totaling 2,406 square feet. The property is zoned CG, Vancouver, offering convenient access to major transportation arteries, including SR-500 and I-205. Amenities include a common conference room and the convenience of an Avanti market. Monument signage opportunities are also available, providing excellent visibility for businesses. The building's multiple tenancy structure allows for flexibility in leasing options. This prime location within the Vancouver Mall submarket offers exceptional access to a thriving commercial area and a strong workforce. The property's modern design and ample parking make it an ideal choice for businesses seeking high-quality office space in a convenient and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,699,000
      Market price range: $1.85M - $9.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $12,150,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $11,820,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,635,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.593
    Latitude
    45.6549
    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
    $90,465
    $1,392,500
    $8,302,900
    $9,695,400
    -
    $1,392,500
    $8,302,900
    $9,695,400

    Comparable in this City

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      7507 51st St, Unit 6

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      View Details
    • Value Estimation
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      11,582 SF

      9320 Vancouver Mall Dr

      OFFICE (GENERAL) • 11,582 SF
      9320 Vancouver Mall Dr, Vancouver, WA 98662-8203
      View Details
    • Value Estimation by Request
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      5700 112th Ave, Unit 41

      OFFICE (GENERAL) • 2,144 SF
      5700 112th Ave, Vancouver, WA 98662-6114
      View Details
    • Value Estimation
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      2,880 SF

      11933 113th St

      OFFICE (GENERAL) • 2,880 SF
      11933 113th St, Vancouver, WA 98662-1632
      View Details
    • Value Estimation
      $1,275,000
      2,720 SF

      Vancouver, WA 98662

      OFFICE (GENERAL) • 2,720 SF
      Vancouver, WA 98662
      View Details
    • Value Estimation
      $1,310,000
      9,424 SF

      5411 107th Ave, Unit 1

      OFFICE (GENERAL) • 9,424 SF
      5411 107th Ave, Vancouver, WA 98662-6347
      View Details

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      Class A Office Building

      Class A office building in corporate office park for rent.
      7700 NE Parkway Dr, Vancouver, WA 98662
      View Details
    • $25 SF/Yr

      Premier Suburban Office Building

      Vancouver office building with contemporary design and comprehensive amenities.
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    View Listing
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    Vancouver, WA 98662
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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.

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