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Property profile & analytics
OFF-MARKET
Estimated value
$10,100,000
Office Spaces
8100 Pkwy Dr 106, Vancouver, WA 98662-6742
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-3169859
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1987
Construction
STEEL FRAME
Total area
50,100 SF
Lot
2.82 ac (122,839 SF)
Zoning code
CG : VAN
APN
160535-000
UPID
US90-3169859
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
-
Hello my name is Will Stevens - Loan Officer NMLS #146312 Loan Service Bank
-
The Bowdon Team Loan Service Bank
-
Rising Star Technology (Bike/Boat/Book/etc) Store Corporate Office
-
Stephen R. Bowdon - Loan Officer Loan Service Bank
-
Brow Royale Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.32M
Comparable Approach
Comparable
$13.82M
Blend (final)
Blend
$10.10M
Owner & transaction history
Barrett Business Services INC · 20 yrs held
Barrett Business Services INC
since 2005
4 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.6M
+39.9%
Retail stores
$16.0M
+34.8%
Medical building
$13.7M
+15.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,175,000
6.5%
$10,315,000
7%
$9,575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,885,000
Current use
RESTAURANT
$16,620,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$16,020,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$13,745,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,250,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,560,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,405,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.10M
Range $9.09M – $11.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$202 / SF
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
$97,753
Tax year 2023
Assessed value
$10,476,600
Assessed 2023
Previous assessed
$8,391,200
+24.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,768,900
Assessed improvement
$8,707,700
Land market value
$1,768,900
Improvement market value
$8,707,700
Total market value
$10,476,600
Applied tax rate
10,000.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
OTHER
Cooling
CENTRAL
Stories
3
Total area
50,100 SF
Lot
2.82 ac (122,839 SF)
Zoning code
CG : VAN
APN
160535-000
UPID
US90-3169859
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WA
Zoning CG : VAN · permitted uses
CG : 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.9M
RESTAURANT
Est. value
$16.6M
RETAIL STORES
Est. value
$16.0M
MEDICAL BUILDING
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
3
Lot
2.82 ac
Current owner
From public records · entity-resolved
Barrett Business Services INC
Entity
Mailing address
8100 NE PKWY DR STE #200, VANCOUVER, WA 98662-6735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2005
$8,850,000
Barrett Business Services INC
Schnitzer Investment Corp
Warranty Deed
—
Feb 1, 1999
$6,350,000
Schnitzer Investment Corp
Smp Development Fund II
Grant Deed
—
—
—
Smp Development Fund II
—
Deed Of Trust
related
$4,100,000 · Us Bank
—
—
Schmitzer Investment Corp
—
Deed Of Trust
related
$4,000,000 · General Electric Capital Corp
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.
Try Rey
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