Religious Facility with
4700 NE ST JOHNS Rd Vancouver, WA 98661
For Sale
$2,100,000
Two-building site on a paved, fenced 1-acre lot with commercial zoning and a recently replaced roof.
Property Size9,126 SF
Lot Size1.00 Acre
Price / SF$230.11
Days on Market492
Property Features for 4700 NE ST JOHNS Rd
General Information
Standard status
Active
Size
9,126 SF
Lot size
1.00 Acre
Property subtype
General Commercial
Building Details
Year Built
1975
Listing Agency:
Opportunities W/ Venture CRE
(520) 909-4424
Listed By:
Lyle Stratton · License #861100172
(520) 909-4424
Source:
Xome
Added: Mar 23, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:35AM
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.
This for-sale, two-building property totals 9,126 square feet and includes a very large religious facility plus a duplex. The site sits on a paved, fenced 1-acre lot with commercial zoning. The roof was recently replaced.
The property is situated between St. Johns and St. James Road, with convenient access from both thoroughfares. Public remarks indicate daily traffic of approximately 20,500 vehicles (both directions). It is also described as about 5 minutes to downtown Vancouver and 15 minutes to PDX Airport.
The seller has taken the property through the process to be able to remove existing buildings and build 32 apartments, with architectural plans available. The property is also described as suitable for remaining a church or converting to retail, office, or service use.
The property is situated between St. Johns and St. James Road, with convenient access from both thoroughfares. Public remarks indicate daily traffic of approximately 20,500 vehicles (both directions). It is also described as about 5 minutes to downtown Vancouver and 15 minutes to PDX Airport.
The seller has taken the property through the process to be able to remove existing buildings and build 32 apartments, with architectural plans available. The property is also described as suitable for remaining a church or converting to retail, office, or service use.
Key Highlights
- Two buildings totaling 9,126 SF on a paved, fenced 1‑acre lot with commercial zoning (CC)
- Recently replaced roof
- Parking on site for 40 spaces
Financial Insights For Multifamily LT 5
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 | $182.9k | $20.04 |
| − Vacancy | −$8.7k | −$0.95 |
| EGI | $174.2k | $19.09 |
| − OpEx | −$52.3k | −$5.73 |
| NOI | $121.9k | $13.36 |
9,126 SF · lease $20.04/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.52M – $2.03M
NOI $121,939 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,857 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,301 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Church & religious facility - Two-building site on a paved, fenced 1-acre lot with commercial zoning and a recently replaced roof.
Where is this church & religious facility located?
The property is located at 4700 NE ST JOHNS Rd Vancouver, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two buildings totaling 9,126 SF on a paved, fenced 1‑acre lot with commercial zoning (CC); Recently replaced roof; Parking on site for 40 spaces
