Vancouver Mixed-Use Investment
For Sale
Contact for pricing
416 NE 87th Ave, Vancouver, WA 98664
Mixed-use property in central Vancouver with two tenants.
Property Size3,880 SF
Lot Size0.36 Acres
Price / SF$347.94
Days on Market762
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
Zoning
OCI
Occupancy
100%
Investment Type
Stabilized
Site & Location
Neighborhood
North Garrison Heights
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
2
Listing Agency:
Fuller Group
Listed By:
Garret Harper · License #WA 26131
(360) 597-0572
Source:
Crexi
Added: Sep 24, 2024
Changed: Oct 7
Last Checked: Oct 24 at 5:53PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,916
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,320
$1.0M
Cap Rate 7%
$741,657
$741.7K
Cap Rate 9%
$576,844
$576.8K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$89.4K $23.04/SF
− Vacancy
−$6.3K −$1.63/SF
EGI
$83.1K $21.41/SF
− OpEx
−$31.1K −$8.03/SF
NOI
$51.9K $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%
$1,038,320
Cap Rate 7%
$741,657
Cap Rate 9%
$576,844
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,705
Businesses Nearby
Explore this area
Business Placement
Demographics for 98664, WA
24,120
Population
9,656
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
4,638
Density / Sq Mi
$81,697
Median Household Income
$46,754
Median Earnings
$1,670
Median Rent
$442,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
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.
