Vancouver Suburban Office Buildings For
7500-7600 NE 41st Street Vancouver, WA 98662
7500-7600 NE 41st Street, Vancouver, WA, 98662
Contact for pricing
For Sale
Contact for pricing
Two premier office buildings in Vancouver Mall submarket.
Property Size151,407 SF
Price / SF$159.22
Days on Market631
Property Features for 7500-7600 NE 41st Street
General Information
- Standard status
- Active
- Size
- 151,407 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency
Macadam Forbes
(503) 972-7283
Listed by
Joe Kappler · License #OR 200605069
Source
Crexi
Added: Oct 26, 2024 Checked: Jul 17 at 1:59 pm
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 Macadam Forbes
Investment Insights
Based on property information with market context.
One and Two Park Place are two suburban office buildings featuring a contemporary brick and glass exterior, landscaping, a covered parking structure, roof-top satellite feeds, and extra capacity HVAC systems. Additional amenities include locker rooms with showers, high tech conference rooms, a covered outdoor patio, and upgraded interior finishes. Located within the Vancouver Mall office submarket, the site is adjacent to Heathman Lodge, The Staybridge Hotel, and Vancouver Mall. It is approximately 10 minutes from Portland International Airport. Nearby retail tenants include Chick-fil-A, AMC Theatre, Hobby Lobby, and Target. The Vancouver Mall office submarket consists of 890,000 square feet of space. The property size is 151407 square feet.
Key Highlights
- Premier suburban office buildings with contemporary brick and glass exterior and lush landscaping.
- Located in the Vancouver Mall office submarket, adjacent to Heathman Lodge, The Staybridge Hotel, and Vancouver Mall; inform 10 minutes from Portland International Airport.
- Strong submarket rent growth inform (8.8% over 3 years) exceeding the broader Portland market.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.80M | $18.48 |
| − Vacancy | −$198.1k | −$1.31 |
| EGI | $2.60M | $17.17 |
| − OpEx | −$650.0k | −$4.29 |
| NOI | $1.95M | $12.88 |
151,407 SF · lease $18.48/SF/yr · vacancy 7.08% · expense 25.00%
Alternative Uses
Best Use
Office B
$27.86M
$24.37M – $32.50M
NOI $1,949,927 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.05M
$32.41M – $43.22M
NOI $2,593,150 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two premier office buildings in Vancouver Mall submarket.
Where is this office building located?
The property is located at 7500-7600 NE 41st Street Vancouver, WA.
What is the asking price?
The asking price for this property is $24,107,000.
What are key features of this property?
This property features: Premier suburban office buildings with contemporary brick and glass exterior and lush landscaping.; Located in the Vancouver Mall office submarket, adjacent to Heathman Lodge, The Staybridge Hotel, and Vancouver Mall; inform 10 minutes from Portland International Airport.; Strong submarket rent growth inform (8.8% over 3 years) exceeding the broader Portland market.
