Small-Bay Warehouse with
For Sale
Contact for pricing
1208 W 17th Street, Vancouver, WA 98660
Vacant warehouse with flexible space, grade-level access, and additional office mezzanine area.
Property Size1,800 SF
Price / SF$291.67
Days on Market15
Property Features for 1208 W 17th Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Industrial
Zoning
CX
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Ethos Commercial Advisors LLC Portland
(850) 545-2282
Listed By:
Josh Bean · License #200109039
Source:
Crexi
Added: Aug 6
Changed: Aug 14
Last Checked: Aug 20 at 12:37AM
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 Ethos Commercial Advisors LLC Portland
Investment Insights
Based on property information with market context.
This 1,800-square-foot warehouse was built in 1980 and is currently vacant for immediate occupancy. The building offers a flexible small-bay layout with grade-level loading, dock-high loading capability, and a secure yard or loading area. An additional second-floor office and mezzanine area provides usable space beyond the reported building square footage.
Located at 1208 W 17th Street in Vancouver, Washington, the property is minutes from Downtown Vancouver and offers access to I-5, I-205, and the broader Portland metro area. CX zoning and the combination of warehouse, service, loading, yard, and office components support a range of commercial operating formats.
Located at 1208 W 17th Street in Vancouver, Washington, the property is minutes from Downtown Vancouver and offers access to I-5, I-205, and the broader Portland metro area. CX zoning and the combination of warehouse, service, loading, yard, and office components support a range of commercial operating formats.
Key Highlights
- 1,800‑square‑foot warehouse built in 1980
- Vacant space available for immediate occupancy
- Grade‑level loading plus dock‑high loading capability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,980
$395.0K
Cap Rate 7%
$282,129
$282.1K
Cap Rate 9%
$219,433
$219.4K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$23.3K $12.96/SF
− Vacancy
−$93 −$0.05/SF
EGI
$23.2K $12.91/SF
− OpEx
−$3.5K −$1.94/SF
NOI
$19.7K $10.97/SF
Area
Vancouver, WA
Vacancy
0.40%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,980
Cap Rate 7%
$282,129
Cap Rate 9%
$219,433
Alternative Uses
Best Use
Warehouse
$282.1K
$246.9K – $329.2K
NOI $19,749 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$232.3K
$203.3K – $271.1K
NOI $16,264 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$440.4K
$385.4K – $513.8K
NOI $30,829 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98660, WA
12,735
Population
7,048
Households
1.8
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
15.3 sq mi
ZIP Area
832
Density / Sq Mi
$65,147
Median Household Income
$51,895
Median Earnings
$1,408
Median Rent
$444,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant warehouse with flexible space, grade-level access, and additional office mezzanine area.
Where is this warehouse located?
The property is located at 1208 W 17th Street Vancouver, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,800‑square‑foot warehouse built in 1980; Vacant space available for immediate occupancy; Grade‑level loading plus dock‑high loading capability
