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    7500-7600 41St St Vancouver, WA 98662

    For Sale
    $30,510,000

    High-yield retail investment, 151,407 SF

    Property size:
    151,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 7500-7600 NE 41st Street in Vancouver, Washington, presents a compelling investment opportunity. The property encompasses 151,407 square feet across two stories, situated on a 7.63-acre lot and includes 2 parking spaces. Currently boasting a strong 8.00% cap rate and a net operating income (NOI) of $2,527,905, the asking price is $30,510,000 ($201 per square foot). The property features a contemporary brick and glass exterior, attractive landscaping, and a covered parking structure. Additional amenities include locker rooms with showers, high-tech conference rooms, and an upgraded interior. One building is fully leased to Bonneville Power Administration under a recently extended lease. The weighted average lease term (WALT) is approximately 4.45 years. This multi-tenant property offers a significant return on investment with its strong tenant base and desirable location in Clark County, WA, zip code 98662. The property benefits from a robust HVAC system and roof-top satellite feeds. This is a rare opportunity to acquire a well-maintained, professionally managed retail asset in a thriving market. The gross lease structure simplifies management and provides predictable income streams.

    Property Features for 7500-7600 41St St

    General Information

    Property type
    Retail properties
    Square Feet
    151,407 SF
    Lot Size
    332,363 SF

    Building Details

    Stories
    2

    HighLights

    • Well‑maintained, professionally managed retail property.
    • Weighted Average Lease Term (WALT) of approximately 4.45 years.
    • One building fully leased to Bonneville Power Administration under a recently extended lease.
    • 151,407 square foot, two‑story building on a 7.63‑acre lot in Vancouver, WA (98662), with 2 parking spaces.
    • 8.00% cap rate, $2,527,905 NOI, $30,510,000 asking price ($201 PSF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.5967195
    Latitude
    45.6521659

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    FAQs

    What type of property is this?
    Retail property - High-yield retail investment, 151,407 SF
    Where is this retail property located?
    The property is located at 7500-7600 41St St Vancouver, WA.
    What is the asking price?
    The asking price for this property is $30,510,000.
    What are key features of this property?
    This property features: Well-maintained, professionally managed retail property.; Weighted Average Lease Term (WALT) of approximately 4.45 years.; One building fully leased to Bonneville Power Administration under a recently extended lease.
    Request Owner's contact information
    7500-7600 41St St Vancouver, WA 98662
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    Vancouver, WA 98662
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    Realmo Value Estimation

    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.

    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.

    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
    7500-7600 41St St Vancouver, WA 98662
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