Light Industrial Flex
For Sale
Contact for pricing
2705 NE 65th Ave, Vancouver, WA 98661
Light industrial flex space with on-site parking, a flexible warehouse/shop layout, and functional yard space.
Property Size10,000 SF
Price / SF$165
Days on Market212
Property Features for 2705 NE 65th Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Lease Type
NNN
Site & Location
Neighborhood
Meadow Homes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Tenancy
Single
Listing Agency:
MAJ Commercial Real Estate
Listed By:
Kelly Shea · License #WA 15271
(360) 823-5110
Source:
Crexi
Added: Mar 28
Changed: Oct 25
Last Checked: Oct 24 at 5:34PM
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 MAJ Commercial Real Estate
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Investment Insights
Based on property information with market context.
This light industrial flex property offers a flexible warehouse/shop configuration designed to support a range of light industrial operations. The site includes functional yard space and on-site parking, giving users practical room for everyday business needs.
The property is positioned in a highly visible, centrally located light industrial corridor just off NE Andresen Road, with convenient access from NE 65th Ave and easy connectivity to NE Andresen Rd. It sits among established retail and service businesses and other commercial activity.
Whether your operation relies on distribution, service work, specialty industrial needs, or contractor and automotive-related activity, this flex format can be adapted to fit your day-to-day use.
The property is positioned in a highly visible, centrally located light industrial corridor just off NE Andresen Road, with convenient access from NE 65th Ave and easy connectivity to NE Andresen Rd. It sits among established retail and service businesses and other commercial activity.
Whether your operation relies on distribution, service work, specialty industrial needs, or contractor and automotive-related activity, this flex format can be adapted to fit your day-to-day use.
Key Highlights
- Light industrial flex property with a flexible warehouse/shop configuration
- Convenient access from NE 65th Ave with easy connectivity to NE Andresen Rd
- On‑site parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,719
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,380
$2.2M
Cap Rate 7%
$1,567,414
$1.6M
Cap Rate 9%
$1,219,100
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$129.6K $12.96/SF
− Vacancy
−$518 −$0.05/SF
EGI
$129.1K $12.91/SF
− OpEx
−$19.4K −$1.94/SF
NOI
$109.7K $10.97/SF
Area
Vancouver, WA
Vacancy
0.40%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,380
Cap Rate 7%
$1,567,414
Cap Rate 9%
$1,219,100
Alternative Uses
Best Use
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,719 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$1.29M
$1.13M – $1.51M
NOI $90,357 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,270 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98661, WA
48,983
Population
22,291
Households
2.2
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,494
Density / Sq Mi
$75,037
Median Household Income
$43,920
Median Earnings
$1,440
Median Rent
$424,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Top Burmese Evergreen Catering — 5601 E 18th St Ste 208, Vancouver, WA 98661
- BBQ Blessings — 5601 E 18th St suite 301, Vancouver, WA 98661
- Winston's British Fish N Chips — 2711 NE Andresen Rd, Vancouver, WA 98661
- Daddy D's Southern Style BBQ — 7204 NE Fourth Plain Blvd, Vancouver, WA 98662
- Pdx Munch Time — 7803 NE Fourth Plain Blvd, Vancouver, WA 98662
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial flex space with on-site parking, a flexible warehouse/shop layout, and functional yard space.
Where is this flex space located?
The property is located at 2705 NE 65th Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Light industrial flex property with a flexible warehouse/shop configuration; Convenient access from NE 65th Ave with easy connectivity to NE Andresen Rd; On‑site parking available
