Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16701 Mill Plain Blvd Vancouver, WA 98683

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Vancouver, WA: Prime Retail Opportunity

    Lot size:
    240,000 SF

    Property Features for 16701 Mill Plain Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    240,000 SF

    Spaces For Lease

    at 16701 Mill Plain Blvd, Vancouver, WA 98683 Contact us

    We can help!

    Listing Contact
    Jeff Olson
    Jeff Olson

    Listing Agency: Commercial Realty Advisors Northwest LLC Listing Agent: Jeff Olson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, Columbia Crossing @ CTC, presents a unique leasing opportunity in Vancouver, Washington. Situated on a substantial 500-acre lot at 16701 SE Mill Plain Blvd, 98683, this multi-tenant commercial building offers a total of 240,000 square feet. Currently, a significant contiguous space of 12,314 square feet is available for lease, with a minimum divisible space of 6,000 square feet. This prime location in Clark County provides excellent visibility and accessibility for businesses seeking a strong presence in the Vancouver market. The property's expansive size allows for flexibility in tenant needs, accommodating a wide range of retail concepts. The available space is ideal for businesses requiring a large footprint or those looking to expand their operations. The property's location offers convenient access to major transportation routes, ensuring high traffic flow and customer accessibility. This is an unparalleled chance to establish or grow a business in a thriving commercial area. Interested parties are encouraged to inquire about this exceptional retail space and explore the possibilities it offers. The property is classified as Commercial Retail and is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.49932229
    Latitude
    45.6155743

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      ELW Building

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      4400 77Th Ave, Vancouver, WA 98662
      View Details
    • Contact for pricing

      1220 Main Place

      Flexible workspace in Las Colinas MacArthur
      1220 Main St, Vancouver, WA 98660
      View Details
    • Contact for pricing

      WA, Vancouver - NE 136th Ave

      Workspaces, services and support to help you work better in Shelton
      701 136Th Ave, Vancouver, WA 98684
      View Details
    • $26 SF/Yr
      4,045 SF

      Downtown Vancouver Office/Retail Space

      Office and retail spaces available in downtown Vancouver.
      108 E Mill Plain Blvd, Vancouver, WA 98660
      View Details
    • $27 SF/Yr
      49,028 SF

      Class A Office Space Available

      Six Class A office buildings near I-205 and SE Mill Plain.
      201 Northeast Park Plaza Dr, Vancouver, WA 98684
      View Details
    • $465 /Mo

      Modern Office Spaces For Rent

      Premier office building with customizable spaces and modern amenities.
      717 NE 61St St, Vancouver, WA 98665
      View Details
    • $28 SF/Yr
      33,174 SF

      Modern Office Space with Signage

      Modern office space with parking, signage, and convenient amenities.
      19120 SE 34Th St, Vancouver, WA 98683
      View Details
    • $35 SF/Yr
      75,000 SF

      Downtown Vancouver Retail Space Available

      New retail, service, or restaurant spaces in downtown Vancouver.
      808 Washington St, Vancouver, WA 98660
      View Details
    • $22 SF/Yr
      29,246 SF

      Retail Sublease in 164th Plaza

      Storefront retail sublease opportunity in a high-traffic location.
      212 NE 164Th Ave, Vancouver, WA 98684
      View Details
    • $30 SF/Yr
      106,827 SF

      Class-A Office and Retail Space

      Mixed-use development with office and retail space for rent.
      700 Washington St, Vancouver, WA 98660
      View Details
    • Contact for pricing
      38,500 SF

      Class A Office and Retail

      40,000 SF Class A office and retail building in Vancouver.
      911 Main St, Vancouver, WA 98660
      View Details
    • $25 SF/Yr
      87,857 SF

      Adaptable Flex Space Near Portland

      Climate-controlled flex space suitable for manufacturing, flex, and office uses.
      18110 SE 34Th St, Vancouver, WA 98683
      View Details

    FAQs

    What type of property is this?
    Retail property - Vancouver, WA: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at 16701 Mill Plain Blvd Vancouver, WA.
    What are key features of this property?
    This property features: 240,000 square foot high-profile shopping center at the prime retail intersection of 164th & Mill Plain Blvd in Vancouver, WA.; Strong daily traffic counts due to nearby Target, New Seasons, Fred Meyer, Walmart, Home Depot, Lowe's, and numerous other shops and restaurants.; Located within the 500-acre Columbia Tech Center, a major employment corridor.
    (503) 274-0211 Call to check price and availability
    Request Owner's contact information
    16701 Mill Plain Blvd Vancouver, WA 98683
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16701 Mill Plain Blvd
    Vancouver, WA 98683
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16701 Mill Plain Blvd Vancouver, WA 98683
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Olson
    Jeff Olson
    (503) 274-0211 (503) 957-1452 (503) 624-6300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!