Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Anchored Center Title is generated by Realmo AI

    11325 SE Mill Plain Blvd, Vancouver, WA 98684

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail suite available in Fred Meyer-anchored center with excellent visibility.

    Type:Retail
    Property size:
    134,923 SF
    Added:
    Jan 26, 2026
    Days on Market:
    117
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 11325 SE Mill Plain Blvd

    General Information

    Standard status
    Active
    Size
    134,923 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Michelle D. Rozakis
    Michelle D. Rozakis

    Listing agent Michelle D. Rozakis License #OR #200512190

    Listing office Capacity Commercial Group

    Listing date Jan 26, 2026

    Source Corfac

    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 Capacity Commercial Group

    HighLights

    • Prime location in Fred Meyer‑anchored retail center.
    • Excellent visibility and frontage along sidewalk access.
    • Located on Mill Plain Blvd near I‑205 exit/entrance.
    • Easy parking and excellent access.
    • Dense retail intersection at Chkalov Drive.
    • Co‑tenants include Perfect Look and Polish Nails & Spa.

    Overview

    A 2,100 square foot corner retail or service suite is available for lease in a Fred Meyer-anchored retail center. The suite, identified as Suite 3, features visibility and window line, as well as frontage along sidewalk access. Co-tenants include Perfect Look and Polish Nails & Spa. The property is located on Mill Plain Boulevard, a major route near the Interstate 205 exit and entrance. The location offers easy parking and access within a dense retail intersection at Chkalov Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fred Meyer Pharmacy Pharmacy Fred Meyer Grocery & Convenience Store Fred Meyer Fuel ... Gas Station Fred Meyer Grocery ... Grocery & Convenience Store Northwest Framing (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    -122.556
    Latitude
    45.6194

    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
    • $20 SF/Yr
      5,334 SF

      Retail Space with Extensive Amenities

      Well-equipped retail space in Vancouver, WA, ready for occupancy.
      2900 E Mill Plain Blvd, Suite A, Vancouver, WA 98661
      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

    FAQs

    What type of property is this?
    Retail space - Retail suite available in Fred Meyer-anchored center with excellent visibility.
    Where is this retail space located?
    The property is located at 11325 SE Mill Plain Blvd Vancouver, WA.
    What are key features of this property?
    This property features: Prime location in Fred Meyer‑anchored retail center.; Excellent visibility and frontage along sidewalk access.; Located on Mill Plain Blvd near I‑205 exit/entrance.
    (503) 222-1195
    We can help!
    Listing Contact
    Michelle D. Rozakis
    Michelle D. Rozakis
    Real Estate License ID: OR #200512190
    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
    11325 SE Mill Plain Blvd, Vancouver, WA 98684
    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!