Office Building with Private
For Sale
$475,000
Pending
8019 Ne 13th Ave, Vancouver, WA 98665
OR-43-zoned office property with auxiliary structures, a fenced yard, and paved on-site parking.
Property Size2,196 SF
Lot Size0.86 Acres
Days on Market236
Property Features for 8019 Ne 13th Ave
General Information
Standard status
Pending
Size
2,196 SF
Total Parking Spaces
16
Lot size
0.86 Acres
Zoning
OR-43
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,840
Building Details
Buildings
3
Listing Agency:
Discover NW Realty Group
(360) 843-4032
Listed By:
Whitney Johnson
(360) 843-4032
Source:
Exprealty
Added: Jan 6
Changed: Aug 29
Last Checked: Aug 29 at 4:59PM
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 Discover NW Realty Group
Investment Insights
Based on property information with market context.
This 2,196-square-foot office building occupies a 0.86-acre site and includes four enclosed offices for administrative, professional, or client-facing operations. Two separate outbuildings add storage or supplementary workspace, while a small fenced yard provides an additional exterior area. The property is configured for professional office, medical, or therapy use and may accommodate owner-user occupancy or investment use.
Located at 8019 NE 13th Ave in Vancouver, WA, the property includes 16 paved parking spaces. The site is served by available utilities, supporting occupancy or repositioning. OR-43 zoning is identified for the property, with the source information indicating support for office, medical, and therapy applications.
Located at 8019 NE 13th Ave in Vancouver, WA, the property includes 16 paved parking spaces. The site is served by available utilities, supporting occupancy or repositioning. OR-43 zoning is identified for the property, with the source information indicating support for office, medical, and therapy applications.
Key Highlights
- 2,196 SF office building on a 0.86‑acre lot
- Four private offices for administrative, professional, or client‑facing operations
- Two outbuildings provide additional storage or auxiliary space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,282
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$565,640
$565.6K
Cap Rate 7%
$404,029
$404.0K
Cap Rate 9%
$314,244
$314.2K
Market Conditions
NOI Build-Up for 2,196 SF
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.
Gross rent
$40.6K $18.48/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$37.7K $17.17/SF
− OpEx
−$9.4K −$4.29/SF
NOI
$28.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$565,640
Cap Rate 7%
$404,029
Cap Rate 9%
$314,244
Alternative Uses
Best Use
Office B
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$403.0K
$352.6K – $470.1K
NOI $28,208 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$537.3K
$470.1K – $626.9K
NOI $37,611 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 98665, WA
28,780
Population
11,894
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,889
Density / Sq Mi
$83,750
Median Household Income
$46,000
Median Earnings
$1,678
Median Rent
$447,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - OR-43-zoned office property with auxiliary structures, a fenced yard, and paved on-site parking.
Where is this office building located?
The property is located at 8019 Ne 13th Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,196 SF office building on a 0.86‑acre lot; Four private offices for administrative, professional, or client‑facing operations; Two outbuildings provide additional storage or auxiliary space
