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Freestanding Retail Building with Mezzanine
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2825 E 4th Plain Blvd, Vancouver, WA 98661

One-story concrete freestanding building with mezzanine office/storage, ample parking, and prominent frontage along a high-visibility retail corridor.

Property Size14,830 SF
Price / SF$167.90
Days on Market242

Property Features for 2825 E 4th Plain Blvd

General Information

Standard status Active
Size 14,830 SF
Property subtype Retail
Zoning CC
Investment Type Owner/User

Site & Location

Neighborhood Fourth Plain Village

Building Details

Year Built 1958
Year Renovated 2009
Stories 1
Listing Agency: KW Commercial Portland Central
Listed By: Harris Niazi · License #138710
Source: Crexi
Added: Feb 23 Changed: Oct 16 Last Checked: Oct 23 at 4:57AM

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 KW Commercial Portland Central

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Investment Insights

Based on property information with market context.

This freestanding retail building is a one-story concrete structure that includes mezzanine office and storage areas. The property is currently vacant, with a former tenant noted as Aaron’s, and it is positioned to serve a range of retail, showroom, or service-oriented users.

The building is located along the high-visibility E Fourth Plain Blvd retail corridor in Vancouver, WA. It sits adjacent to Walmart Neighborhood Market and Starbucks, with convenient access described as just minutes to downtown Vancouver, the waterfront, and I-5/I-205/SR-500.

The site offers ample parking and prominent frontage, supporting strong day-to-day customer access for retail or showroom operations.

Key Highlights

  • 14,830 SF freestanding one‑story concrete commercial building built in 1958
  • Mezzanine includes office and storage areas
  • Ample parking and prominent frontage along the E Fourth Plain Blvd retail corridor in Vancouver, WA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$175,086
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,501,720 $3.5M
Cap Rate 7%
$2,501,229 $2.5M
Cap Rate 9%
$1,945,400 $1.9M
Market Conditions
NOI Build-Up for 14,830 SF
Gross rent
$266.9K $18.00/SF
− Vacancy
−$16.8K −$1.13/SF
EGI
$250.1K $16.87/SF
− OpEx
−$75.0K −$5.06/SF
NOI
$175.1K $11.81/SF
Area
Vancouver, WA
Vacancy
6.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,501,720
Cap Rate 7%
$2,501,229
Cap Rate 9%
$1,945,400

Alternative Uses

Best Use
Retail
$2.50M
$2.19M – $2.92M (±1% cap)
NOI $175,086 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M (±1% cap)
NOI $253,994 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Nw Freedom Corp. Corporate Office

Suggested Use

Top Pick Dental Office Law Firm Nail Salon HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - One-story concrete freestanding building with mezzanine office/storage, ample parking, and prominent frontage along a high-visibility retail corridor.
Where is this retail space located?
The property is located at 2825 E 4th Plain Blvd Vancouver, WA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 14,830 SF freestanding one‑story concrete commercial building built in 1958; Mezzanine includes office and storage areas; Ample parking and prominent frontage along the E Fourth Plain Blvd retail corridor in Vancouver, WA
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