Income-Generating Office/Retail Building For
For Sale
Contact for pricing
717 Vandercook Way, Kelso, WA
Two-story office/retail building with high visibility and income potential.
Property Size11,562 SF
Lot Size0.49 Acres
Price / SF$207.58
Days on Market1001
Property Features for 717 Vandercook Way
General Information
Standard status
Active
Size
11,562 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Listing Agency:
Woodford Commercial Real Estate
(360) 501-5500
Listed By:
Chris Roewe · License #23495
(360) 556-5101
Source:
Moodyscre
Added: Feb 1, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:46AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High‑visibility corner location with excellent signage.
- Strong income potential with an attractive 6.4% CAP Rate.
- Historically low vacancy rates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,552
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,791,040
$3.8M
Cap Rate 7%
$2,707,886
$2.7M
Cap Rate 9%
$2,106,133
$2.1M
Market Conditions
NOI Build-Up for 11,562 SF
Gross rent
$305.2K $26.40/SF
− Vacancy
−$52.5K −$4.54/SF
EGI
$252.7K $21.86/SF
− OpEx
−$63.2K −$5.46/SF
NOI
$189.6K $16.39/SF
Area
Cowlitz County, WA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,791,040
Cap Rate 7%
$2,707,886
Cap Rate 9%
$2,106,133
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,552 @ 7.0% cap · market cap 7.90%
Second Best
Retail
$1.99M
$1.74M – $2.33M
NOI $139,563 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,655 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
