Vancouver Investment Opportunity Near
For Sale
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9300 - 9330 Van Mall Drive, Vancouver, WA 98662
Fully leased commercial property near I-205 and Vancouver Mall.
Property Size65,000 SF
Price / SF$163.85
Days on Market839
Property Features for 9300 - 9330 Van Mall Drive
General Information
Standard status
Active
Size
65,000 SF
Property subtype
Office
Occupancy
100%
Investment Type
Institutional
Building Details
Year Built
2005
Year Renovated
2024
Buildings
4
Stories
2
Listing Agency:
1st Premier Properties, LLC
Listed By:
Elaine Gesik · License #OR 200112078
(503) 508-4962
Source:
Crexi
Added: Jul 2, 2024
Changed: Oct 11
Last Checked: Oct 16 at 8:19AM
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 1st Premier Properties, LLC
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 fully leased commercial property presents an investment opportunity in a desirable location just off I-205 and 500, and across the street from Vancouver Mall. The property is located minutes from Portland International Airport. The property is comprised of 65000 square feet and is currently 100% leased. The tenant mix includes medical, senior housing administration, construction/engineering, and finance uses. This property is located in the Vancouver/Clark County market.
Key Highlights
- 100% Leased Investment: Provides immediate and consistent income stream.
- Strong Credit Tenants: Ensures reliable rental payments and reduces investment risk.
- Desirable Location: Situated off I‑205 and 500, offering excellent accessibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$837,116
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,742,320
$16.7M
Cap Rate 7%
$11,958,800
$12.0M
Cap Rate 9%
$9,301,289
$9.3M
Market Conditions
NOI Build-Up for 65,000 SF
Gross rent
$1.20M $18.48/SF
− Vacancy
−$85.0K −$1.31/SF
EGI
$1.12M $17.17/SF
− OpEx
−$279.0K −$4.29/SF
NOI
$837.1K $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 Rate 5%
$16,742,320
Cap Rate 7%
$11,958,800
Cap Rate 9%
$9,301,289
Alternative Uses
Best Use
Office B
$11.96M
$10.46M – $13.95M
NOI $837,116 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.90M
$13.92M – $18.55M
NOI $1,113,256 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 98662, WA
37,134
Population
14,609
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,856
Density / Sq Mi
$91,883
Median Household Income
$45,847
Median Earnings
$1,685
Median Rent
$424,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial property near I-205 and Vancouver Mall.
Where is this office building located?
The property is located at 9300 - 9330 Van Mall Drive Vancouver, WA.
What is the asking price?
The asking price for this property is $10,650,000.
What are key features of this property?
This property features: 100% Leased Investment: Provides immediate and consistent income stream.; Strong Credit Tenants: Ensures reliable rental payments and reduces investment risk.; Desirable Location: Situated off I‑205 and 500, offering excellent accessibility.
