Live-Work Light Industrial
10610 Ne 87th Ave Vancouver, WA 98662
10610 Ne 87th Ave, Vancouver, WA, 98662
$1,250,000
Pending
For Sale
$1,250,000
Pending
Two-story farmhouse with full basement and separate basement entrance on Light Industrial zoned land, plus fenced yard and insulated outbuilding with electricity.
Property Size3,210 SF
Lot Size1.47 Acres
Days on Market138
Property Features for 10610 Ne 87th Ave
General Information
- Standard status
- Pending
- Size
- 3,210 SF
- Lot size
- 1.47 Acres
Listing agency
John L. Scott Real Estate
(415) 595-8568
Listed by
Katie Cosgrove
(415) 595-8568
Source
Exprealty
Added: Mar 5 Updated: Jul 21 at 6:40AM Checked: Jul 21 at 6:40AM
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 John L. Scott Real Estate
Investment Insights
Based on property information with market context.
This live-work light industrial property includes a two-story farmhouse with a full basement. Interior features include classic wood trim, custom built-ins, and updated plumbing and electrical systems. The basement has a separate entrance, which can support additional office space, expanded work areas, or separate use.
The property sits on fenced, usable land with a fully-fenced rear area suitable for equipment storage, fleet parking, materials staging, or other secure yard needs. There are two entrances and ample room for larger vehicle access. An insulated outbuilding of 568 square feet with electricity provides another potential workspace or storage area.
Zoned Light Industrial, the site supports a range of light industrial and commercial uses. Buyer to perform due diligence regarding square footage, zoning uses, and development potential.
The property sits on fenced, usable land with a fully-fenced rear area suitable for equipment storage, fleet parking, materials staging, or other secure yard needs. There are two entrances and ample room for larger vehicle access. An insulated outbuilding of 568 square feet with electricity provides another potential workspace or storage area.
Zoned Light Industrial, the site supports a range of light industrial and commercial uses. Buyer to perform due diligence regarding square footage, zoning uses, and development potential.
Key Highlights
- Light industrial zoned 1.47 flat, usable acres with two‑story farmhouse and full basement for live/work flexibility
- Full basement has a separate entrance, offering potential for additional office space or expanded work areas
- Property includes a fully fenced rear acre suitable for equipment storage, fleet parking, materials staging, or secure yard use
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $23.04 |
| − Vacancy | −$5.2k | −$1.63 |
| EGI | $68.7k | $21.41 |
| − OpEx | −$25.8k | −$8.03 |
| NOI | $43.0k | $13.38 |
3,210 SF · lease $23.04/SF/yr · vacancy 7.08% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$613.6K
$536.9K – $715.9K
NOI $42,951 @ 7.0% cap · market cap 3.44%
Second Best
Office B
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$785.4K
$687.2K – $916.3K
NOI $54,978 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-story farmhouse with full basement and separate basement entrance on Light Industrial zoned land, plus fenced yard and insulated outbuilding with electricity.
Where is this flex space located?
The property is located at 10610 Ne 87th Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Light industrial zoned 1.47 flat, usable acres with two‑story farmhouse and full basement for live/work flexibility; Full basement has a separate entrance, offering potential for additional office space or expanded work areas; Property includes a fully fenced rear acre suitable for equipment storage, fleet parking, materials staging, or secure yard use
