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    5101 82Nd Ave Vancouver, WA 98662

    Sponsored
    For Lease
    $24 SF/Yr

    Class B Office, 28,500 sq ft, 1.56 acres

    Lot size:
    28,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Class B office building, totaling 28,500 square feet, sits on a 1.56-acre lot in Clark County. Built in 2005, the single-building property boasts a highly desirable location with excellent visibility, situated adjacent to the Vancouver Mall. The property's zoning is CC, and its APN is 160080-015. Currently offering multiple tenancies, one space of 3,511 square feet is immediately available. The building provides ample parking with a 4/1,000 ratio, ensuring convenient access for tenants and their clients. Its strategic location offers easy freeway access to both I-205 and SR-500, providing seamless connectivity throughout the region. The surrounding area is vibrant, featuring a mix of retail establishments, restaurants, and other amenities, creating a convenient and attractive environment for businesses. Building signage opportunities are available, enhancing visibility and brand recognition. This property presents a compelling opportunity for businesses seeking a well-located, functional, and accessible office space in a thriving commercial area. The property is categorized as Traditional Office, Executive Office, and Medical Office, making it suitable for a variety of professional uses.

    Property Features for 5101 82Nd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,500 SF
    Class
    B
    Total Rate
    58187.5

    Building Details

    Year Built
    2005
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 210
    Size
    3,511 SF
    Rate per SF
    $24

    We can help!

    Listing Contact
    Adam Roselli
    Adam Roselli

    Learn more

    Property Insight Report

    HighLights

    • High‑visibility Class B office building totaling 28,500 square feet.
    • One 3,511 square foot suite currently available for lease.
    • Building signage opportunities available.
    • Ample parking with a 4:1,000 ratio.
    • Excellent freeway access via I‑205 and SR‑500, and surrounded by numerous retail and restaurant amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sinceri Senior Living Retirement Community Amy Gibson-Groat - Diamond ... Mortgage Lender DVA Office of Resolution ... Corporate Office Key One Financial ... Mortgage Broker Tawne Burgess, NMLS ... Mortgage Lender

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.5882707
    Latitude
    45.6592999

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    FAQs

    What type of property is this?
    Medical office - Class B Office, 28,500 sq ft, 1.56 acres
    Where is this medical office located?
    The property is located at 5101 82Nd Ave Vancouver, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High-visibility Class B office building totaling 28,500 square feet.; One 3,511 square foot suite currently available for lease.; Building signage opportunities available.
    Request Owner's contact information
    5101 82Nd Ave Vancouver, WA 98662
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    Vancouver, WA 98662
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5101 82Nd Ave Vancouver, WA 98662
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    We can help!
    Listing Contact
    Adam Roselli
    Adam Roselli
    Real Estate License ID: WA
    Learn more
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