Vancouver Mixed-Use Investment
416 NE 87th Ave Vancouver, WA 98664
416 NE 87th Ave, Vancouver, WA, 98664
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For Sale
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Mixed-use property in central Vancouver with two tenants.
Property Size3,880 SF
Lot Size0.36 Acres
Price / SF$347.94
Days on Market664
Property Features for 416 NE 87th Ave
General Information
- Standard status
- Active
- Size
- 3,880 SF
- Lot size
- 0.36 Acres
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1979
Listing Agency
Fuller Group
(360) 597-0572
Listed by
Garret Harper · License #WA 26131
Source
Crexi
Added: Sep 24, 2024 Checked: Jul 17 at 2:32 pm
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 Fuller Group
Investment Insights
Based on property information with market context.
This mixed-use property is centrally located in Vancouver, Washington, offering convenient access to the entire metro area. The property has a size of 3,880 square feet and is currently occupied by two tenants. Situated across the street from PeaceHealth, the property benefits from its strategic location. The lot size is 0.36 acres, equivalent to 15,750 square feet. Zoned for Office Commercial Industrial (OCI) use, the property provides flexibility for various business operations. Parking is available at a ratio of 5 spaces per 1,000 square feet. Constructed in 1979, the property generates a Net Operating Income (NOI) of $70,523.
Key Highlights
- Excellent Location: Across from PeaceHealth and centrally located with easy access to the entire metro area.
- High Income Potential: NOI of $70,523.
- Versatile Zoning: Office Commercial Industrial (OCI) zoning allows for a variety of uses.
Local Financial Insights For Mixed Use
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 | $89.4k | $23.04 |
| − Vacancy | −$6.3k | −$1.63 |
| EGI | $83.1k | $21.41 |
| − OpEx | −$31.1k | −$8.03 |
| NOI | $51.9k | $13.38 |
3,880 SF · lease $23.04/SF/yr · vacancy 7.08% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$741.7K
$649.0K – $865.3K
NOI $51,916 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.3K
$830.7K – $1.11M
NOI $66,453 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lee Family Dental
Dental Office
Mill Plain Medical
Medical Supply Store
The Oral Medicine Clinic
Dental Office
A Bite of Grace
Association / Organization
Emergency Dentist 24/7 ...
Dental Office
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property in central Vancouver with two tenants.
Where is this mixed-use property located?
The property is located at 416 NE 87th Ave Vancouver, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Excellent Location: Across from PeaceHealth and centrally located with easy access to the entire metro area.; High Income Potential: NOI of $70,523.; Versatile Zoning: Office Commercial Industrial (OCI) zoning allows for a variety of uses.
