Mixed-Use Property with Multiple
For Sale
$1,795,000
8614 NE ST JOHNS Rd, Vancouver, WA 98665
CommercialSale, Vancouver, WA
Property Size3,809 SF
Lot Size2.26 Acres
Price / SF$471.25
Days on Market943
Property Features for 8614 NE ST JOHNS Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
View
Territorial
Directions
NE 78th st exit off I-5 head east to Saint Johns then North on St Johns to site on left
Subdivision
_42
Standard status
Active
APN
097440000
Size
3,809 SF
Lot size
2.26 Acres
Taxes and HOA fees
Tax Description
ROANE FIVE ACRE TTS #1 LOT 3 FOR ASSESSOR USE ONLY #1 OR N12 OF L
Tax Annual Amount
7766
Legal Description
ROANE FIVE ACRE TTS #1 LOT 3 FOR ASSESSOR USE ONLY #1 OR N12 OF L
Utilities
Heating system
Forced Air
Cooling system
Heat Pump
Building Details
Year built
1924
Building materials
LapSiding, WoodFrame, WoodSiding
Roof type
Composition
Listing Agency:
Metana Realty Services
Listed By:
Michael Canton
(360) 608-7808
Added: Mar 10, 2024
Changed: Sep 30
Last Checked: Oct 9 at 5:06PM
MLS# 24583864
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property on 2.26 acres includes a 2,245-square-foot tavern, a 988-square-foot home, and a 576-square-foot detached garage. The improvements date to 1924 and include forced-air heating, heat-pump cooling, composition roofing, and wood-frame construction. The tavern business and equipment are excluded from the sale. The home interior was remodeled within the past year, while its basement remains under renovation.
Zoned IL, the property has 179 feet of frontage on NE Saint Johns Road and two access points. The site is positioned near Hwy 99, I-5, Padden Parkway, and SR-500/205, with Costco to the east and Home Depot nearby. The southern entrance is shared with a neighboring car lot and also serves the RV space.
Occupancy includes tenants in the tavern, house, and RV space, with all arrangements structured month to month. The property offers separate existing improvements and flexible timing for future repositioning, subject to applicable zoning requirements. Showings are by appointment, and tenants should not be disturbed.
Zoned IL, the property has 179 feet of frontage on NE Saint Johns Road and two access points. The site is positioned near Hwy 99, I-5, Padden Parkway, and SR-500/205, with Costco to the east and Home Depot nearby. The southern entrance is shared with a neighboring car lot and also serves the RV space.
Occupancy includes tenants in the tavern, house, and RV space, with all arrangements structured month to month. The property offers separate existing improvements and flexible timing for future repositioning, subject to applicable zoning requirements. Showings are by appointment, and tenants should not be disturbed.
Key Highlights
- 2.26‑acre mixed‑use property zoned IL
- 2,245 SF tavern, 988 SF home, and 576 SF detached garage
- 179 feet of frontage on NE Saint Johns Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,966
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,320
$1.0M
Cap Rate 7%
$728,086
$728.1K
Cap Rate 9%
$566,289
$566.3K
Market Conditions
NOI Build-Up for 3,809 SF
Gross rent
$87.8K $23.04/SF
− Vacancy
−$6.2K −$1.63/SF
EGI
$81.5K $21.41/SF
− OpEx
−$30.6K −$8.03/SF
NOI
$51.0K $13.38/SF
Area
Vancouver, WA
Vacancy
7.08%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,320
Cap Rate 7%
$728,086
Cap Rate 9%
$566,289
Alternative Uses
Best Use
Mixed Use
$728.1K
$637.1K – $849.4K
NOI $50,966 @ 7.0% cap · market cap 2.84%
Second Best
Specialty Retail
$688.3K
$602.3K – $803.0K
NOI $48,182 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$932.0K
$815.5K – $1.09M
NOI $65,237 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
317
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset with separate tavern, residential, garage, and RV-space improvements under month-to-month occupancy.
Where is this mixed-use property located?
The property is located at 8614 NE ST JOHNS Rd Vancouver, WA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 2.26‑acre mixed‑use property zoned IL; 2,245 SF tavern, 988 SF home, and 576 SF detached garage; 179 feet of frontage on NE Saint Johns Road
