6007 NE 109th AVE, Vancouver, WA 98662

Building Details

Year Built 1952 More

Listing Agency: Pacific Coast Real Estate & Development, LLC Show Phone

Listed By: Donna Roberts Show Phone

Source: Donnarobertsgroup

Added: Sep 24 Changed: Nov 12 Last Checked: Nov 12 at 7:58AM

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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 Pacific Coast Real Estate & Development, LLC

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Investment Insights

Based on property information with market context.

This 1,499-square-foot office property in Vancouver has a single-level layout and was built in 1952. Refinished maple flooring, updated kitchen finishes, and fresh interior and exterior paint are among the improvements. A heated front storage room has a separate entrance, while the oversized one-car garage is reached from the rear alley. The site also includes a fenced yard, covered patio, storage shed, and parking areas shared with neighboring businesses.

Zoned General Commercial (GC), the property has completed electrical improvements and a roof that is less than 10 years old. The address is 6007 NE 109th Ave. Intended uses should be confirmed with the appropriate jurisdiction.

Key Highlights

• 1,499 square feet; built in 1952
• General Commercial (GC) zoning
• Single‑level layout with refinished maple floors and updated kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,305

Cap Rate

4.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$386,100 $386.1K

Cap Rate 7%

$275,786 $275.8K

Cap Rate 9%

$214,500 $214.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,499 SF

Gross rent

$27.7K $18.48/SF

− Vacancy

−$2.0K −$1.31/SF

EGI

$25.7K $17.17/SF

− OpEx

−$6.4K −$4.29/SF

NOI

$19.3K $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%

$386,100

Cap Rate 7%

$275,786

Cap Rate 9%

$214,500

Alternative Uses

Best Use

Office B

$275.8K

$241.3K – $321.8K (±1% cap)

NOI $19,305 @ 7.0% cap · market cap 4.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$366.8K

$320.9K – $427.9K (±1% cap)

NOI $25,673 @ 7.0% cap · market cap 6.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hotel & Motel Garden Center Restaurant

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

913

Businesses Nearby

Explore this area Business Placement

Demographics for 98662, WA

37,134

Population

14,609

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

90%

High-School Grad

13.0 sq mi

ZIP Area

2,856

Density / Sq Mi

$91,883

Median Household Income

$45,847

Median Earnings

$1,685

Median Rent

$424,200

Median Home Value

Market

Properties on Market for Office buildings in Vancouver

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - GC zoning and adaptable interior rooms support a range of commercial configurations, subject to jurisdictional approval.

Where is this office building located?

The property is located at 6007 NE 109th AVE Vancouver, WA.

What is the asking price?

The asking price for this property is $419,500.

What are key features of this property?

This property features: 1,499 square feet; built in 1952; General Commercial (GC) zoning; Single‑level layout with refinished maple floors and updated kitchen