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    119th 72Nd Ave Vancouver, WA 98686

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    119th 72Nd Ave Vancouver, WA 98686

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    • Lifestyle centers
    • 89,363 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 119th 72Nd Ave

    Property size
    89,363 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Glenwood Marketplace, located at NE 119th St & 72nd Ave in Vancouver, Washington (zip code 98686), presents a unique investment opportunity in Clark County. This retail and land property, encompassing a total of 89,363 square feet, offers multiple tenancy options within a well-established shopping center that also includes a fuel station. The property currently has six available suites, ranging in size from a minimum of 3,750 square feet to a maximum contiguous space of 50,000 square feet. All 89,363 square feet are currently vacant, providing a blank canvas for a variety of retail concepts. The property's strategic location in Vancouver, Washington offers excellent visibility and accessibility for businesses seeking to establish a strong presence in a thriving market. This is an exceptional chance to secure a significant retail footprint in a prime location. The property is categorized as Commercial, Shopping Center, and Fuel Station, providing diverse income potential. Serious inquiries are encouraged to explore the possibilities of this expansive retail space. Detailed floor plans and lease terms are available upon request.

    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
    -122.599
    Latitude
    45.7078

    Comparable in this City

    • Value Estimation
      $3,785,000
      25,520 SF

      14313 20th Ave, Unit 2

      MINI-MALL • 25,520 SF
      14313 20th Ave, Vancouver, WA 98686-1487
      View Details
    • Value Estimation
      $3,460,000
      30,263 SF

      10501 Hwy 99

      SHOPPING CENTER, STRIP CENTER • 30,263 SF
      10501 Hwy 99, Vancouver, WA 98686-5697
      View Details
    • Value Estimation
      $3,765,000
      22,399 SF

      13301 Hwy 99th, Unit 251

      SHOPPING CENTER, STRIP CENTER • 22,399 SF
      13301 Hwy 99th, Vancouver, WA 98686-2731
      View Details
    • Value Estimation
      $1,460,000
      11,100 SF

      10607 Hwy 99

      SHOPPING CENTER, STRIP CENTER • 11,100 SF
      10607 Hwy 99, Vancouver, WA 98686-5699
      View Details
    • Value Estimation
      $825,000
      8,000 SF

      11819 Hwy 99th, Unit 188

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      11819 Hwy 99th, Vancouver, WA 98686-4016
      View Details
    • Value Estimation by Request
      10.00 Acres

      16115 50Th Ave

      Land • 10.00 Acres
      16115 50Th Ave, Vancouver, WA 98686
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Zoned Land 9.62 Acres

      9.62 acres of industrial land in Vancouver, WA near I-205.
      10503 NE 72Nd Ave, Vancouver, WA 98686
      View Details
    • New
      $125,000
      0.42 Acres

      Residential Lot in Salmon Creek

      0.42-acre lot in Salmon Creek area, Vancouver, WA.
      3504 NE 119Th St, Vancouver, WA 98686
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    • New
      $400,000
      6.13 Acres

      Secluded Land with Development Potential

      6+ acre Vancouver land parcel with development opportunities.
      NE 45Th Ave, Vancouver, WA 98686
      View Details
    • New
      $165,000
      0.07 Acres

      Residential Land in RVHB Neighborhood

      Residential lots available in a welcoming Vancouver, WA community.
      13000 NE 66Th Ave, Vancouver, WA 98686
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Neighborhood Center Near Highway

      Freestanding retail center located off Highway 99 in Hazel Dell.
      10501 Highway 99 NE, Vancouver, WA 98686
      View Details
    • Contact for pricing
      4,589 SF

      Retail Space Available For Rent

      Retail property with 4589 square feet available for rent.
      13309 Highway 99 Northeast, Vancouver, WA 98686
      View Details
    • $2,000 /Mo

      Kirkwood Office Complex For Rent

      Three two-story professional/medical buildings near Legacy Hospital.
      2101 NE 129Th St, Vancouver, WA 98686
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    • Contact for pricing
      78,616 SF

      Vancouver Warehouse Space Available

      78,616 SF warehouse with dock and grade loading.
      10018 Northeast 72Nd Ave, Vancouver, WA 98686
      View Details
    • Contact for pricing

      Office Space Near Legacy Hospital

      Office space for rent with easy highway access.
      2501 NE 134Th St, Vancouver, WA 98686
      View Details
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    119th 72Nd Ave
    Vancouver, WA 98686
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    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
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