Flexible Medical Office
For Sale
$1,385,000
606 SE 117th Ave Ste 100, Vancouver, WA 98683
Efficient floor plate and ample on-site parking support professional and medical operations with easy customer access.
Property Size4,630 SF
Days on Market107
Property Features for 606 SE 117th Ave Ste 100
General Information
Standard status
Active
Size
4,630 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
4,630 SF
Year Built
2003
Listed By:
Charlie Kleier, CCIM
(360) 921-2099
Source:
Capacitycommercial
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 7 at 10:52AM
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 Charlie Kleier, CCIM
Investment Insights
Based on property information with market context.
606 SE 117th Ave Ste 100 is a highly functional, flexible commercial office space designed for professional, medical, or service-oriented use. The building includes efficient floor plates and a practical layout intended to accommodate a range of office configurations. On-site parking is available for day-to-day access.
The property is positioned in an east Vancouver area with quick access to Mill Plain Blvd and I-205. It is surrounded by established businesses and strong residential density, supporting convenient customer access and dependable day-to-day visibility for an ongoing operation.
For tenants or buyers seeking an office or medical office environment, this space is built around operational usability: efficient interior layouts, straightforward access for staff and visitors, and ample on-site parking. Its flexible character can help professional teams, clinics, and service providers plan for a working footprint that aligns with their day-to-day workflow.
The property is positioned in an east Vancouver area with quick access to Mill Plain Blvd and I-205. It is surrounded by established businesses and strong residential density, supporting convenient customer access and dependable day-to-day visibility for an ongoing operation.
For tenants or buyers seeking an office or medical office environment, this space is built around operational usability: efficient interior layouts, straightforward access for staff and visitors, and ample on-site parking. Its flexible character can help professional teams, clinics, and service providers plan for a working footprint that aligns with their day-to-day workflow.
Key Highlights
- Commercial building built in 2003 with efficient, flexible floor plates
- Ample on‑site parking for customer and employee access
- Convenient east Vancouver location with quick access to Mill Plain Blvd and I‑205
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,628
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,560
$1.2M
Cap Rate 7%
$851,829
$851.8K
Cap Rate 9%
$662,533
$662.5K
Market Conditions
NOI Build-Up for 4,630 SF
Gross rent
$85.6K $18.48/SF
− Vacancy
−$6.1K −$1.31/SF
EGI
$79.5K $17.17/SF
− OpEx
−$19.9K −$4.29/SF
NOI
$59.6K $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%
$1,192,560
Cap Rate 7%
$851,829
Cap Rate 9%
$662,533
Alternative Uses
Best Use
Office B
$851.8K
$745.4K – $993.8K
NOI $59,628 @ 7.0% cap · market cap 4.31%
Second Best
Healthcare Medical
$849.6K
$743.4K – $991.2K
NOI $59,474 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.13M
$991.2K – $1.32M
NOI $79,298 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 98683, WA
33,884
Population
14,352
Households
2.4
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,642
Density / Sq Mi
$83,821
Median Household Income
$47,862
Median Earnings
$1,783
Median Rent
$501,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Efficient floor plate and ample on-site parking support professional and medical operations with easy customer access.
Where is this office building located?
The property is located at 606 SE 117th Ave Ste 100 Vancouver, WA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Commercial building built in 2003 with efficient, flexible floor plates; Ample on‑site parking for customer and employee access; Convenient east Vancouver location with quick access to Mill Plain Blvd and I‑205
