Two-Story Office Building in
6407 Northeast 117th Avenue, Vancouver, WA 98662
Remodeled office building with ample parking and strategic location.
Type:HC, OFC
Property size:
10,000 SFPrice / SF:
$220/SF- Added:
- Sep 9, 2025
- Days on Market:
- 262
- Last Refresh:
- Apr 3 at 5:00 am
Property Features for 6407 Northeast 117th Avenue
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- HC, OFC
Building Details
- Year Built
- 1988
Listing agent Cameron Schwab License #201220872, Oregon (503) 442-4257
Listing office Keller WIlliams Realty Portland Premiere (503) 442-4257
Listing date Sep 9, 2025
Source Realnex
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 Keller WIlliams Realty Portland Premiere
HighLights
- 10,000 sq ft of office space suitable for various industries.
- Remodeled in 2012 and kept in great condition.
- Ample parking for occupants.
- Strategic proximity to major highways, key intersections, & businesses.
- Features an open bullpen, reception, two break rooms, four bathrooms, 25+ offices & conference rooms, & numerous storage spaces.
- Ample exterior windows and natural light on the NE and S facing sides of the lower level.
Overview
The property at 6407 NE 117th Ave is a two-story office building serving the greater Vancouver area. Constructed in 1988 and significantly remodeled in 2012, the building is in great condition. It features 10,000 sq ft of office space, including an open bullpen, a reception area, two break rooms, four bathrooms, over 25 offices and conference rooms, and numerous storage spaces. The primary entrance from the parking lot is on the upper level. The north-east and south-facing sides on the lower level have ample exterior windows and natural light due to the building design. The building and its zoning are well-suited for various industry uses, including executive office, medical, finance, legal, tech, contractors, and retail. The property features ample parking and strategic proximity to major highways, key intersections, and businesses, making it suitable for an owner-user or investor.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.43M
NOI $128,787 @ 9.00% cap · cautious / downside scenario
Moderate
$1.84M
NOI $128,787 @ 7.00% cap · market / base-case scenario
Aggressive
$2.58M
NOI $128,787 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.8k | $18.48 |
| − Vacancy | −$13.1k | −$1.31 |
| EGI | $171.7k | $17.17 |
| − OpEx | −$42.9k | −$4.29 |
| NOI | $128.8k | $12.88 |
10,000 SF · lease $18.48/SF/yr · vacancy 7.08% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,787 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,270 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
U.S. Bank ATM
Atm
U.S. Bank Branch
Bank
Western Union
Bank
The Broker Network
Real Estate Agency
Nationwide Solar
Roofing Company
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.5512224
- Latitude
- 45.6692286
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Remodeled office building with ample parking and strategic location.
Where is this office building located?
The property is located at 6407 Northeast 117th Avenue Vancouver, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,000 sq ft of office space suitable for various industries.; Remodeled in 2012 and kept in great condition.; Ample parking for occupants.
