Multi-Level Office
New
For Sale
$975,000
16408 SE MILL PLAIN Blvd, Vancouver, WA 98660
CommercialSale, Vancouver, WA
Property Size2,682 SF
Lot Size0.66 Acres
Price / SF$363.53
Days on Market2
Property Features for 16408 SE MILL PLAIN Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OCI
Directions
SE Mill Plain and SE 164th
Subdivision
_27
Standard status
Active
APN
114940000
Size
2,682 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
MILL PLAIN HD LOTS #15 #1 LOT 7 .66A FOR ASSESSOR USE ONLY PTN LO
Tax Annual Amount
7504
Legal Description
MILL PLAIN HD LOTS #15 #1 LOT 7 .66A FOR ASSESSOR USE ONLY PTN LO
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(360) 882-6000
Listed By:
Terrie Cox · License #930100033
(360) 607-4100
Added: Oct 15
Last Checked: Oct 16 at 4:06AM
MLS# 735211770
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,682-square-foot office building has a main floor with 8 workstations, a built-in two-desk office with cabinetry and file drawers, a kitchen, and 3 half baths. The upper level contains 3 private offices, a waiting area, and another half bath. An approximately 800-square-foot daylight lower level has its own entrance, a full bath, sink, and upgraded electrical; the upper and lower areas can be leased separately. The property also includes 12 parking spaces and a large illuminated monument sign.
Set on 0.66 acres in Vancouver, the property is zoned OCI. Improvements include a newer roof, siding, insulation, furnace, windows, plumbing, and electrical. Built in 1950, the building has forced-air heating, central air, and a composition roof.
Set on 0.66 acres in Vancouver, the property is zoned OCI. Improvements include a newer roof, siding, insulation, furnace, windows, plumbing, and electrical. Built in 1950, the building has forced-air heating, central air, and a composition roof.
Key Highlights
- 2,682 square feet on a 0.66‑acre parcel
- Main floor: 8 workstations, built‑in two‑desk office, kitchen, and 3 half baths
- Upper floor includes 3 private offices, a waiting area, and a half bath
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 - An adaptable layout includes private offices, workstations, a daylight lower level, and separate entrances for upper and lower floors.
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: 2,682 square feet on a 0.66‑acre parcel; Main floor: 8 workstations, built‑in two‑desk office, kitchen, and 3 half baths; Upper floor includes 3 private offices, a waiting area, and a half bath
