Two-Story Office Building For
For Sale
Contact for pricing
7700 NE Greenwood Drive, Vancouver, WA 98662
Two-story office building with ample parking and easy highway access.
Property Size28,500 SF
Price / SF$0.00
Days on Market397
Property Features for 7700 NE Greenwood Drive
General Information
Standard status
Active
Size
28,500 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Site & Location
Neighborhood
Van Mall
Building Details
Building Size
28,500 SF
Year Built
2000
Properties For Sale
at 7700 NE Greenwood Drive Contact us7700 Building - Suite 200
Size
6,816 SF
Term
Negotiable
7710 Building - Suite 200
Size
3,468 SF
Term
Negotiable
Listing Agency:
Norris & Stevens
Listed By:
Tim Pfeiffer · License #–201204213
(503) 225-8455
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 25
Last Checked: Oct 24 at 2:46PM
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 Norris & Stevens
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building features distinctive architecture and ample parking at a ratio of 4 spaces per 1,000 square feet. The property offers convenient access to I-205 and SR 500. It is located close to Vancouver Plaza, which includes Target and Walmart, and Vancouver Mall, featuring Macy’s, Sears, and Cinetopia. The property contains 28,500 square feet.
Key Highlights
- Ample Parking with a ratio of 4/1,000.
- Easy Access to I‑205 and SR 500.
- Close to Vancouver Plaza with Target and Walmart.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$367,043
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,340,860
$7.3M
Cap Rate 7%
$5,243,471
$5.2M
Cap Rate 9%
$4,078,256
$4.1M
Market Conditions
NOI Build-Up for 28,500 SF
Gross rent
$526.7K $18.48/SF
− Vacancy
−$37.3K −$1.31/SF
EGI
$489.4K $17.17/SF
− OpEx
−$122.3K −$4.29/SF
NOI
$367.0K $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%
$7,340,860
Cap Rate 7%
$5,243,471
Cap Rate 9%
$4,078,256
Alternative Uses
Best Use
Office B
$5.24M
$4.59M – $6.12M
NOI $367,043 @ 7.0% cap · market cap 1,631,302.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.97M
$6.10M – $8.14M
NOI $488,120 @ 7.0% cap · market cap 2,169,422.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,726
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with ample parking and easy highway access.
Where is this office building located?
The property is located at 7700 NE Greenwood Drive Vancouver, WA.
What are key features of this property?
This property features: Ample Parking with a ratio of 4/1,000.; Easy Access to I‑205 and SR 500.; Close to Vancouver Plaza with Target and Walmart.
