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    Income-Generating Office/Retail Building For Sale Title is generated by Realmo AI

    717 Vandercook Way, Kelso, WA

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    Two-story office/retail building with high visibility and income potential.

    Type:RETAIL
    Property size:
    11,562 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $207/SF
    Added:
    Feb 1, 2024
    Days on Market:
    865
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 717 Vandercook Way

    General Information

    Standard status
    Active
    Size
    11,562 SF
    Lot size
    0.49 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chris Roewe
    Chris Roewe

    Listing agent Chris Roewe License #WA 23495

    Listing office Woodford Commercial Real Estate

    Listing date Feb 1, 2024

    Source Moodyscre

    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 Woodford Commercial Real Estate

    HighLights

    • High‑visibility corner location with excellent signage.
    • Strong income potential with an attractive 6.4% CAP Rate.
    • Historically low vacancy rates.
    • Approximately 11,562 SF of space across 7 units.
    • Tastefully updated spaces within the last 5 years.
    • Large parking lot and rear parking easement.

    Overview

    This two-story building offers approximately 11,562 square feet of space, divided into 7 spaces. It features a large parking lot and a rear parking easement. The property benefits from a corner location that provides excellent signage and visibility. Most of the spaces have been updated in the past 5 years. The property is offered at a 6.4% CAP Rate. Historically, the building has experienced low vacancy rates, and there is potential for rent increases upon lease renewals. The property is suitable for office or retail use and could be an addition to an investment portfolio.

    Local Financial Insights For Office B

    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 $305.2k $26.40
    − Vacancy −$52.5k −$4.54
    EGI $252.7k $21.86
    − OpEx −$63.2k −$5.46
    NOI $189.6k $16.39
    11,562 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.71M
    $2.37M – $3.16M (±1% cap)
    NOI $189,552 @ 7.0% cap · market cap 7.90%
    Second Best
    Retail
    $1.99M
    $1.74M – $2.33M (±1% cap)
    NOI $139,563 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Office A
    $3.81M
    $3.33M – $4.44M (±1% cap)
    NOI $266,655 @ 7.0% cap · market cap 11.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Safeway, 411 Three Rivers Drive, Kelso, WA 98626
    • Coinstar Kiosk - Bitcoin ATM — 411 Three Rivers Dr Safeway, Kelso, WA 98626

    Map

    City
    Kelso
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.908
    Latitude
    46.1468

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    FAQs

    What type of property is this?
    Shopping center - Two-story office/retail building with high visibility and income potential.
    Where is this shopping center located?
    The property is located at 717 Vandercook Way Kelso, WA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: High‑visibility corner location with excellent signage.; Strong income potential with an attractive 6.4% CAP Rate.; Historically low vacancy rates.
    (360) 556-5101 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Roewe
    Chris Roewe
    Real Estate License ID: WA 23495
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