Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1004 Washington St Vancouver, WA 98660
    Back to Search
    Property profile & analytics

    1004 Washington St Vancouver, WA 98660

    View on Map
    • Retail properties & Spaces
    • 20,646 SF
    • 0.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DIOSA / Restaurant

    Property Details for 1004 Washington St

    Year built
    1930
    Lot size
    0.92 lot acres
    Property size
    20,646 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 5,000 square foot retail space, formerly home to Jorge's Tequila Factory, is located in the vibrant Washington Plaza. Part of a larger 20,646 square foot multi-tenant building situated on a 0.92-acre lot in Clark County, this property presents a unique opportunity for a discerning tenant. Built in 1930 and zoned C, the building boasts a prime downtown Vancouver location, ideal for a restaurant or similar creative retail use. The space is situated in a pedestrian-friendly area, surrounded by numerous shops and amenities, ensuring high foot traffic and visibility. Its proximity to public transportation further enhances its accessibility and appeal. The property offers a fantastic chance to establish a thriving business in a bustling, established commercial district. The building's rich history and character combine with its modern-day convenience to create an unparalleled opportunity. Serious inquiries are encouraged to explore the terms and conditions of this exceptional retail space. The total building size is 20,646 square feet, providing ample space for multiple tenants. This is a rare chance to secure a prominent location in a thriving downtown area. Don't miss this chance to become part of Vancouver's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.673
    Latitude
    45.6289

    Comparable in this City

    • Value Estimation by Request

      1308 Main St

      Office Units
      1308 Main St, Vancouver, WA 98660
      View Details
    • Value Estimation
      $2,775,000
      15,239 SF

      302 8th St

      RETAIL STORES (PERSONAL SERVICES) • 15,239 SF
      302 8th St, Vancouver, WA 98660-3112
      View Details
    • Value Estimation by Request
      15,758 SF

      905 13th St

      GYM, HEALTH SPA • 15,758 SF
      905 13th St, Vancouver, WA 98660-2710
      View Details
    • Value Estimation by Request
      613 SF

      1308 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 613 SF
      1308 Washington St, Vancouver, WA 98660-2925
      View Details
    • Value Estimation
      $590,000
      7,550 SF

      500 Washington St, Unit 2

      AUTO REPAIR, GARAGE • 7,550 SF
      500 Washington St, Vancouver, WA 98660-3138
      View Details
    • Value Estimation
      $825,000
      6,374 SF

      1300 Washington St, Unit 289

      RETAIL STORES (PERSONAL SERVICES) • 6,374 SF
      1300 Washington St, Vancouver, WA 98660-2925
      View Details

    Similar Nearby for Sale

    • $1,149,500
      4,205 SF

      Vancouver Multifamily Property For Sale

      8-unit multifamily property in a desirable Vancouver location.
      112 W 21St St, Vancouver, WA 98660
      View Details
    • $799,000
      3,052 SF

      Vancouver Duplex: Investor Opportunity

      Tenant-occupied duplex in Vancouver with modern features and fenced yard.
      2917 Fruit Valley Rd, Vancouver, WA 98660
      View Details
    • New
      $495,000
      1,920 SF

      Vancouver WA Duplex Investment

      Well-maintained duplex in Vancouver, WA with two spacious units.
      911 W 29Th St, Vancouver, WA 98660
      View Details
    • $2,550,000

      Vancouver Office Building For Sale

      Office building for sale in Vancouver, Washington.
      1111 Broadway St, Vancouver, WA 98660
      View Details
    • Contact for pricing

      Industrial Space with Rail Access

      261,540 SF industrial space on 12.13 acres with rail access.
      1401 W Fourth Plain Blvd, Vancouver, WA 98660
      View Details
    • Contact for pricing
      123,630 SF

      Class A Industrial Development Site

      Planned industrial development site for lease or sale in Vancouver.
      2401 NW 61St St, Vancouver, WA 98660
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Retail Space Available

      Retail space in mixed-use building near downtown Vancouver.
      1015 C St, Vancouver, WA 98660
      View Details
    • $26 SF/Yr

      Downtown Vancouver Office/Retail Space

      Office and retail spaces available in downtown Vancouver.
      108 E Mill Plain Blvd, Vancouver, WA 98660
      View Details
    • Contact for pricing
      5,600 SF

      Retail Space Near Waterfront

      Retail space up to 5,600 SF near waterfront.
      400 Washington St, Vancouver, WA 98660
      View Details
    • $35 SF/Yr

      Downtown Vancouver Retail Space Available

      New retail, service, or restaurant spaces in downtown Vancouver.
      808 Washington St, Vancouver, WA 98660
      View Details
    • $28 SF/Yr

      Mixed-Use Development in Vancouver, WA

      Mixed-use property with office and retail space for rent.
      700 Sublease, Vancouver, WA 98660
      View Details
    • Contact for pricing

      Class A Office and Retail

      40,000 SF Class A office and retail building in Vancouver.
      911 Main St, Vancouver, WA 98660
      View Details
    Request Owner's contact information
    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.
    1004 Washington St
    Vancouver, WA 98660
    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
    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

    Thank You for Inquiry
    1004 Washington St, Vancouver, WA, 98660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!