Camas Shopping Center For
3504-3536 NE 3rd Avenue Camas, WA 98607
For Sale
$6,000,000
38,850 SF shopping center on 2.44 acres in Camas, WA.
Property Size38,850 SF
Price / SF$154.44
Days on Market306
Property Features for 3504-3536 NE 3rd Avenue
General Information
Standard status
Active
Size
38,850 SF
Property subtype
Retail
Building Details
Year Built
1959
Listing Agency:
Norris & Stevens, Inc. - Corporate
(503) 416-8422
Listed By:
Luis Martin del Campo
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 27 at 5:45AM
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 Norris & Stevens, Inc. - Corporate
Investment Insights
Based on property information with market context.
This multi-tenant shopping center offers an opportunity to purchase a fee simple interest in a property of approximately 38,850 square feet, situated on roughly 2.44 acres. Located north of Portland, Oregon, in Camas, Washington, the One Stop Shopping Center benefits from an advantageous corner location with convenient access to Highway 14. The property is less than one mile from Washougal Waterfront Park. The shopping center features eight spaces leased to a mix of service, convenience, and showroom tenants. Some leases include 3-4% annual rent increases, and some rents are below market value. There is potential development of south parking lot parcels totaling approximately 32,670 square feet. Future job growth in the area is projected to increase 40% over the next 10 years.
Key Highlights
- Potential development of south parking lot parcels totaling ± 32,670 SF
- Excellent corner location with good access to HWY 14
- Future job growth is projected to increase 40% over the next 10 years
Financial Insights For Retail
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 | $699.3k | $18.00 |
| − Vacancy | −$30.1k | −$0.77 |
| EGI | $669.2k | $17.23 |
| − OpEx | −$200.8k | −$5.17 |
| NOI | $468.5k | $12.06 |
38,850 SF · lease $18.00/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.69M
$5.86M – $7.81M
NOI $468,461 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.46M
$8.28M – $11.04M
NOI $662,538 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - 38,850 SF shopping center on 2.44 acres in Camas, WA.
Where is this shopping center located?
The property is located at 3504-3536 NE 3rd Avenue Camas, WA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Potential development of south parking lot parcels totaling ± 32,670 SF; Excellent corner location with good access to HWY 14; Future job growth is projected to increase 40% over the next 10 years
