Professionally Remodeled Office
For Sale
$730,000
1316 99TH St, Vancouver, WA 98665
Remodeled office building with private entrance, six offices, reception, conference room, kitchenette, and two restrooms.
Property Size1,610 SF
Price / SF$453.42
Days on Market467
Property Features for 1316 99TH St
General Information
Standard status
Active
Size
1,610 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Office Units
9
Taxes and HOA fees
Annual Taxes
$3,712
Amenities
Central Air
3
Heavy Composition
GC
7 Parking Spaces. On Site.
Handicapped Access, Office/Library, Sprinklers. Paved Road.
Building Details
Year Built
1951
Listing Agency:
Opportunities W/ Venture CRE
(520) 909-4424
Listed By:
Lyle Stratton · License #861100172
(520) 909-4424
Source:
Xome
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Aug 9 at 5:37AM
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 Opportunities W/ Venture CRE
Investment Insights
Based on property information with market context.
Professionally remodeled office building with a modern interior layout designed for flexible work settings. The space includes six private offices, two larger team offices, a reception area, a conference room, a kitchenette, and two restrooms. The property also offers a private entrance and a separate lockable suite with its own restroom.
The building is described as having high traffic count and easy access to I-5, supporting day-to-day visibility and convenient arrival.
Overall, the configuration provides both individual office space and shared team areas, with dedicated reception and meeting space for client-facing use.
The building is described as having high traffic count and easy access to I-5, supporting day-to-day visibility and convenient arrival.
Overall, the configuration provides both individual office space and shared team areas, with dedicated reception and meeting space for client-facing use.
Key Highlights
- Professionally remodeled office building with 6 private offices, 2 larger team offices, reception, and conference room
- Private entrance plus separate lockable suite with its own restroom
- Includes kitchenette and 2 restrooms
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
$20,735
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
2.84%
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%
$414,700
$414.7K
Cap Rate 7%
$296,214
$296.2K
Cap Rate 9%
$230,389
$230.4K
Market Conditions
NOI Build-Up for 1,610 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
$29.8K $18.48/SF
− Vacancy
−$2.1K −$1.31/SF
EGI
$27.6K $17.17/SF
− OpEx
−$6.9K −$4.29/SF
NOI
$20.7K $12.88/SF
Area
Vancouver, WA
Vacancy
7.08%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
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%
$414,700
Cap Rate 7%
$296,214
Cap Rate 9%
$230,389
Alternative Uses
Best Use
Office B
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 98665, WA
28,780
Population
11,894
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,889
Density / Sq Mi
$83,750
Median Household Income
$46,000
Median Earnings
$1,678
Median Rent
$447,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office building with private entrance, six offices, reception, conference room, kitchenette, and two restrooms.
Where is this office units located?
The property is located at 1316 99TH St Vancouver, WA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Professionally remodeled office building with 6 private offices, 2 larger team offices, reception, and conference room; Private entrance plus separate lockable suite with its own restroom; Includes kitchenette and 2 restrooms
