Restaurant Property with
New
For Sale
$3,150,000
1901 W Main Street, Battle Ground, WA 98604
Freestanding restaurant property with on-site parking and an existing drive-through component.
Property Size7,497 SF
Lot Size0.97 Acres
Price / SF$420.17
Days on Market5
Property Features for 1901 W Main Street
General Information
Standard status
Active
Size
7,497 SF
Total Parking Spaces
35
Lot size
0.97 Acres
Property subtype
Commercial
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1974
Listing Agency:
Premiere Property Group,LLC
Listed By:
Lindsey Maze
Source:
Century21northhomes
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 5:43AM
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 Premiere Property Group,LLC
Investment Insights
Based on property information with market context.
This restaurant property includes an approximately 7,600-square-foot building on 0.97 acres, with an existing restaurant layout and drive-through component. The site also provides approximately 35 parking stalls to support customer access and on-site dining operations. Constructed in 1974, the property offers a substantial commercial footprint for continued restaurant use.
Located at 1901 Main in Battle Ground, Washington, the property fronts West Main Street and combines a visible commercial setting with convenient vehicle access. The existing improvements and parking configuration support a range of restaurant operating formats, subject to applicable approvals and requirements.
Located at 1901 Main in Battle Ground, Washington, the property fronts West Main Street and combines a visible commercial setting with convenient vehicle access. The existing improvements and parking configuration support a range of restaurant operating formats, subject to applicable approvals and requirements.
Key Highlights
- Approximately 7,600‑square‑foot restaurant property
- 0.97‑acre site on West Main Street
- Existing drive‑through component
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
$127,852
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
4.06%
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%
$2,557,040
$2.6M
Cap Rate 7%
$1,826,457
$1.8M
Cap Rate 9%
$1,420,578
$1.4M
Market Conditions
NOI Build-Up for 7,497 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
$178.1K $23.76/SF
− Vacancy
−$7.7K −$1.02/SF
EGI
$170.5K $22.74/SF
− OpEx
−$42.6K −$5.68/SF
NOI
$127.9K $17.05/SF
Area
Clark County, WA
Vacancy
4.30%
Lease Rate
$23.76 /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%
$2,557,040
Cap Rate 7%
$1,826,457
Cap Rate 9%
$1,420,578
Alternative Uses
Best Use
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,852 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
193k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 32%
Groceries 15%
Apparel 8%
Albertsons
Groceries
29,267 visits/mo
0.2 miles
Fred Meyer Gas Station
Shops & Services
18,527 visits/mo
0.3 miles
Taco Bell
Dining
18,450 visits/mo
0.1 miles
Goodwill
Apparel
15,705 visits/mo
0.1 miles
Chevron
Shops & Services
14,652 visits/mo
0.3 miles
Demographics for 98604, WA
38,245
Population
13,557
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
72.1 sq mi
ZIP Area
530
Density / Sq Mi
$108,616
Median Household Income
$58,693
Median Earnings
$1,492
Median Rent
$543,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property with on-site parking and an existing drive-through component.
Where is this conventional restaurant located?
The property is located at 1901 W Main Street Battle Ground, WA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Approximately 7,600‑square‑foot restaurant property; 0.97‑acre site on West Main Street; Existing drive‑through component
