Two-Story Multi-Tenant Office
For Sale
Contact for pricing
105 W Main Street, Battle Ground, WA 98604
A diversified office configuration includes larger ground-floor suites and executive offices on the second floor.
Property Size6,760 SF
Price / SF$206.36
Days on Market10
Property Features for 105 W Main Street
General Information
Standard status
Active
Size
6,760 SF
Class
B
Total Parking Spaces
25
Property subtype
Office
Zoning
CG
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$94,280
Building Details
Year Built
1994
Buildings
1
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Fuller Group
Listed By:
Garret Harper · License #WA 26131
(360) 597-0572
Source:
Crexi
Added: Aug 25
Changed: Sep 3
Last Checked: Sep 3 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fuller Group
Investment Insights
Based on property information with market context.
Dixon Square is a 6,760-square-foot office building completed in 1994. The two-story layout includes three larger suites at ground level, along with a collection of executive offices upstairs. This configuration supports multiple occupants within a single commercial property and provides a varied suite mix for office users.
The property is located at 105 W Main Street in Battle Ground, Washington, directly off Main Street. The surrounding area includes dining, retail, and medical services, with Battle Ground High School also identified nearby. CG zoning applies to the property.
The property is located at 105 W Main Street in Battle Ground, Washington, directly off Main Street. The surrounding area includes dining, retail, and medical services, with Battle Ground High School also identified nearby. CG zoning applies to the property.
Key Highlights
- 6,760‑square‑foot office building completed in 1994
- Three larger suites occupy the ground floor
- Second floor includes multiple executive offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,785,100
$1.8M
Cap Rate 7%
$1,275,071
$1.3M
Cap Rate 9%
$991,722
$991.7K
Market Conditions
NOI Build-Up for 6,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$140.3K $20.76/SF
− Vacancy
−$21.3K −$3.16/SF
EGI
$119.0K $17.60/SF
− OpEx
−$29.8K −$4.40/SF
NOI
$89.3K $13.20/SF
Area
Clark County, WA
Vacancy
15.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,785,100
Cap Rate 7%
$1,275,071
Cap Rate 9%
$991,722
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,255 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,283 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 98604, WA
38,245
Population
13,557
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
530
Density / Sq Mi
$108,616
Median Household Income
$58,693
Median Earnings
$1,492
Median Rent
$543,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A diversified office configuration includes larger ground-floor suites and executive offices on the second floor.
Where is this office building located?
The property is located at 105 W Main Street Battle Ground, WA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 6,760‑square‑foot office building completed in 1994; Three larger suites occupy the ground floor; Second floor includes multiple executive offices
