Income-Generating Office/Retail Building For
717 Vandercook Way Kelso, WA
For Sale
Contact for pricing
Two-story office/retail building with high visibility and income potential.
Property Size11,562 SF
Lot Size0.49 Acres
Price / SF$207.58
Days on Market910
Property Features for 717 Vandercook Way
General Information
Standard status
Active
Size
11,562 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Listing Agency:
Woodford Commercial Real Estate
(360) 556-5101
Listed By:
Chris Roewe · License #23495
(360) 556-5101
Source:
Moodyscre
Added: Feb 1, 2024
Changed: Jul 10
Last Checked: Jul 21 at 5:47AM
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 Woodford Commercial Real Estate
Investment Insights
Based on property information with market context.
This two-story building offers approximately 11,562 square feet of space, divided into 7 spaces. It features a large parking lot and a rear parking easement. The property benefits from a corner location that provides excellent signage and visibility. Most of the spaces have been updated in the past 5 years. The property is offered at a 6.4% CAP Rate. Historically, the building has experienced low vacancy rates, and there is potential for rent increases upon lease renewals. The property is suitable for office or retail use and could be an addition to an investment portfolio.
Key Highlights
- High‑visibility corner location with excellent signage.
- Strong income potential with an attractive 6.4% CAP Rate.
- Historically low vacancy rates.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $305.2k | $26.40 |
| − Vacancy | −$52.5k | −$4.54 |
| EGI | $252.7k | $21.86 |
| − OpEx | −$63.2k | −$5.46 |
| NOI | $189.6k | $16.39 |
11,562 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,552 @ 7.0% cap · market cap 7.90%
Second Best
Retail
$1.99M
$1.74M – $2.33M
NOI $139,563 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,655 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 411 Three Rivers Drive, Kelso, WA 98626
- Coinstar Kiosk - Bitcoin ATM — 411 Three Rivers Dr Safeway, Kelso, WA 98626
Frequently Asked Questions
What type of property is this?
Shopping center - Two-story office/retail building with high visibility and income potential.
Where is this shopping center located?
The property is located at 717 Vandercook Way Kelso, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High‑visibility corner location with excellent signage.; Strong income potential with an attractive 6.4% CAP Rate.; Historically low vacancy rates.
