Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space, Vancouver WA Title is generated by Realmo AI

    2507 NE Andresen Rd, Vancouver, WA 98661

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Exceptional retail opportunity with high visibility and ample parking.

    Type:Retail
    Added:
    Feb 12, 2025
    Days on Market:
    474
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 2507 NE Andresen Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    Spaces For Lease

    at 2507 NE Andresen Rd Contact us

    Suite A $22/Mo

    Size
    5,400 SF
    Type
    Retail
    Lease Rate: $22.00 SF/yr (NNN)
    Contact us

    We can help!

    Listing Contact
    Stu Peterson

    Listing agent Stu Peterson License #OR 820300052

    Listing office Macadam Forbes

    Listing date Feb 12, 2025

    Source Crexi

    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 Macadam Forbes

    HighLights

    • Prime location in a bustling retail district with high traffic and excellent visibility.
    • Ample parking for customers.
    • Proximity to popular shopping centers and dining hotspots like Vancouver Plaza and Westfield Vancouver.
    • Strong consumer base in the surrounding area.
    • Easy access to major thoroughfares.
    • Long‑term ownership of the building.

    Overview

    This property in Vancouver, WA, presents an exceptional leasing opportunity. The location offers ample parking and excellent visibility. Situated in a bustling retail district, the surrounding area features a mix of local and national retailers. The property is moments away from amenities, popular shopping centers, and dining hotspots such as Vancouver Plaza and Westfield Vancouver. The location benefits from a high traffic count, providing an ideal storefront for retailers. The area offers a strong consumer base, convenient parking, and easy access to major thoroughfares.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.5994998
    Latitude
    45.6403517

    Nearby Similar for Lease

    • $129-$4,044/Mo
      11-1,292 SF

      WA, Vancouver - NE 136th Ave

      701 136Th Ave, Vancouver, WA 98684
      View Details
    • $129-$4,931/Mo
      11-1,292 SF

      1220 Main Place

      1220 Main St, Unit 400, Vancouver, WA 98660
      View Details
    • $129-$6,534/Mo
      11-1,292 SF

      ELW Building

      4400 77Th Ave, Unit 275, Vancouver, WA 98662
      View Details
    • $26 SF/Yr
      4,045 SF

      Downtown Vancouver Office/Retail Space

      Office and retail spaces available in downtown Vancouver.
      108 E Mill Plain Blvd, Vancouver, WA 98660
      View Details
    • $465/Mo

      Modern Office Spaces For Rent

      Premier office building with customizable spaces and modern amenities.
      717 NE 61st Street, Vancouver, WA 98665
      View Details
    • $35 SF/Yr
      75,000 SF

      Downtown Vancouver Retail Space Available

      New retail, service, or restaurant spaces in downtown Vancouver.
      808 Washington St, Vancouver, WA 98660
      View Details
    • $25 SF/Yr
      52,662 SF

      Three-Story Office Building For Rent

      Centrally located office building near Vancouver Mall with many amenities.
      4601 NE 77th Avenue, Vancouver, WA 98662
      View Details
    • $28 SF/Yr
      33,174 SF

      Modern Office Space with Signage

      Modern office space with parking, signage, and convenient amenities.
      19120 SE 34th St, Vancouver, WA 98683
      View Details
    • $24 SF/Yr
      37,137 SF

      Class A Office Space Available

      Sublease opportunity with furnishings and on-site amenities in Vancouver.
      Vancouver, WA 98684
      View Details
    • $25 SF/Yr
      87,857 SF

      Adaptable Flex Space Near Portland

      Climate-controlled flex space suitable for manufacturing, flex, and office uses.
      18110 SE 34th St, Vancouver, WA 98683
      View Details
    • $1.08 SF/Yr
      37,175 SF

      Industrial Warehouse Space Available

      4,500 SF warehouse space for lease in Vancouver, WA.
      Vancouver, WA 98661
      View Details
    • $20 SF/Yr
      51,743 SF

      Class A Office Building Space

      Seven-story Class A office building with parking garage and views.
      703 Broadway Street, Vancouver, WA 98660
      View Details

    FAQs

    What type of property is this?
    Retail space - Exceptional retail opportunity with high visibility and ample parking.
    Where is this retail space located?
    The property is located at 2507 NE Andresen Rd Vancouver, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime location in a bustling retail district with high traffic and excellent visibility.; Ample parking for customers.; Proximity to popular shopping centers and dining hotspots like Vancouver Plaza and Westfield Vancouver.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stu Peterson
    Real Estate License ID: OR 820300052
    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.
    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
    2507 NE Andresen Rd, Vancouver, WA 98661
    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!