Multi-Level Office
New
For Sale
$975,000
16408 SE MILL PLAIN BLVD, Vancouver, WA 98660
A separate-entry lower floor adds flexible workspace and may be leased apart from the other levels.
Property Size2,682 SF
Days on Market6
Property Features for 16408 SE MILL PLAIN BLVD
General Information
Standard status
Active
Size
2,682 SF
Total Parking Spaces
12
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,504
Amenities
kitchen
monument sign
Building Details
Building Size
2,682 SF
Year Built
1950
Listing Agency:
RE/MAX Equity Group
Listed By:
Terrie Cox · License #930100033
(360) 607-4100
Source:
Currangrouprealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 9:12AM
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 RE/MAX Equity Group
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Investment Insights
Based on property information with market context.
This office property has workspace across three levels. The main floor includes eight workstations, a built-in two-desk office with cabinetry and file drawers, a kitchen, and three half baths. Upstairs are three private offices, a waiting area, and another half bath. The daylight lower level measures approximately 800 SF and has its own entrance, a full bath, a sink, and upgraded electrical service. The upper and lower levels may be leased separately.
The site includes 12 private parking spaces and an illuminated monument sign. Recent property updates include the roof, siding, insulation, furnace, windows, plumbing, and electrical systems. Built in 1950, the property is in Vancouver, Washington.
The site includes 12 private parking spaces and an illuminated monument sign. Recent property updates include the roof, siding, insulation, furnace, windows, plumbing, and electrical systems. Built in 1950, the property is in Vancouver, Washington.
Key Highlights
- Three‑level office layout with eight workstations, a built‑in two‑desk office, and three private upper‑floor offices
- Approximately 800 SF daylight lower level with separate entrance, full bath, sink, and upgraded electrical
- Upper and lower levels may be leased separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,541
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,820
$690.8K
Cap Rate 7%
$493,443
$493.4K
Cap Rate 9%
$383,789
$383.8K
Market Conditions
NOI Build-Up for 2,682 SF
Gross rent
$49.6K $18.48/SF
− Vacancy
−$3.5K −$1.31/SF
EGI
$46.1K $17.17/SF
− OpEx
−$11.5K −$4.29/SF
NOI
$34.5K $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 Rate 5%
$690,820
Cap Rate 7%
$493,443
Cap Rate 9%
$383,789
Alternative Uses
Best Use
Office B
$493.4K
$431.8K – $575.7K
NOI $34,541 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.2K
$574.2K – $765.6K
NOI $45,935 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A separate-entry lower floor adds flexible workspace and may be leased apart from the other levels.
Where is this office building located?
The property is located at 16408 SE MILL PLAIN BLVD Vancouver, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three‑level office layout with eight workstations, a built‑in two‑desk office, and three private upper‑floor offices; Approximately 800 SF daylight lower level with separate entrance, full bath, sink, and upgraded electrical; Upper and lower levels may be leased separately
