Freestanding Corner Flex
For Sale
Contact for pricing
Pending
1902 SE 6th Ave, Camas, WA 98607
Freestanding corner commercial building with storefront windows, central HVAC, and a fenced yard for parking or storage.
Property Size2,520 SF
Days on Market137
Property Features for 1902 SE 6th Ave
General Information
Standard status
Pending
Size
2,520 SF
Property subtype
RETAIL
Listing Agency:
Transworld Business Advisors of Vancouver
(360) 952-3000
Listed By:
Ed Fischer
(360) 281-1394
Source:
Moodyscre
Added: Apr 30
Changed: Sep 4
Last Checked: Sep 12 at 10:26AM
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 Transworld Business Advisors of Vancouver
Investment Insights
Based on property information with market context.
This freestanding, single-tenant commercial building offers flexible use potential with a corner-oriented configuration and street frontage. Storefront windows provide natural light and visibility. The interior includes four partitioned rooms and a lunch room, along with a small kitchen area, with central HVAC already in place. A fenced yard of approximately 700+ square feet is also included, suitable for parking and/or storage. Light to moderate tenant improvements may be needed to match a buyer’s finishing requirements.
The property is positioned between Downtown Camas and the Port of Camas/Washougal, near the new Waterfront Development, and provides access to Highway 14. Zoned Regional Commercial (RC), the building may include office, retail, professional services, and studio uses; buyers should verify all zoning regulations and allowable uses.
As a flex layout suitable for office, retail, professional services, or studio use, this storefront commercial building combines a street-facing presence with practical site space for vehicles and stored materials.
The property is positioned between Downtown Camas and the Port of Camas/Washougal, near the new Waterfront Development, and provides access to Highway 14. Zoned Regional Commercial (RC), the building may include office, retail, professional services, and studio uses; buyers should verify all zoning regulations and allowable uses.
As a flex layout suitable for office, retail, professional services, or studio use, this storefront commercial building combines a street-facing presence with practical site space for vehicles and stored materials.
Key Highlights
- Freestanding, single‑tenant commercial building with corner street frontage and storefront windows for natural light
- RC zoning (Regional Commercial) with permitted uses that may include office, retail, professional services, and studio (buyer to verify)
- Flexible layout suitable for office, retail, professional services, or studio use, with four partitioned rooms plus lunch room
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
$30,387
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
5.61%
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%
$607,740
$607.7K
Cap Rate 7%
$434,100
$434.1K
Cap Rate 9%
$337,633
$337.6K
Market Conditions
NOI Build-Up for 2,520 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
$45.4K $18.00/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$43.4K $17.23/SF
− OpEx
−$13.0K −$5.17/SF
NOI
$30.4K $12.06/SF
Area
Clark County, WA
Vacancy
4.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$607,740
Cap Rate 7%
$434,100
Cap Rate 9%
$337,633
Alternative Uses
Best Use
Retail
$434.1K
$379.8K – $506.5K
NOI $30,387 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$613.9K
$537.2K – $716.3K
NOI $42,975 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 98607, WA
35,054
Population
12,667
Households
2.8
Avg Household Size
40
Median Age
53%
College-Educated
96%
High-School Grad
47.6 sq mi
ZIP Area
736
Density / Sq Mi
$132,234
Median Household Income
$64,422
Median Earnings
$1,854
Median Rent
$648,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding corner commercial building with storefront windows, central HVAC, and a fenced yard for parking or storage.
Where is this retail space located?
The property is located at 1902 SE 6th Ave Camas, WA.
What is the asking price?
The asking price for this property is $541,400.
What are key features of this property?
This property features: Freestanding, single‑tenant commercial building with corner street frontage and storefront windows for natural light; RC zoning (Regional Commercial) with permitted uses that may include office, retail, professional services, and studio (buyer to verify); Flexible layout suitable for office, retail, professional services, or studio use, with four partitioned rooms plus lunch room
