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Property profile & analytics
FOR LEASE
Drive through restaurants

11502 SE Mill Plain Blvd Vancouver, WA 98684

2,200 SF 0.67 ac lot Built 1985
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US90-0064358
Property summary
AI-generated overview

This exceptional retail property, located at 11502 SE Mill Plain Blvd in Vancouver, Washington (zip code 98684), offers a prime commercial opportunity within a thriving shopping and food center. The property, known as 205 Commerce Center, boasts a total of 2,868 square feet of retail space, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 565 square feet to a maximum contiguous space of 2,303 square feet. This allows for flexibility to accommodate a variety of business needs and sizes. The center recently underwent a multi-million dollar exterior renovation, resulting in a modern and attractive appearance that has attracted strong national tenants. Its strategic location at the gateway to the East Vancouver submarket provides exceptional visibility and accessibility. With over 80,000 vehicles passing by daily, this property offers unparalleled exposure to a large and diverse customer base. Situated in Clark County, Washington, this retail center presents a compelling investment opportunity for businesses seeking high visibility and strong foot traffic in a rapidly growing area. The property is ideal for businesses seeking a well-maintained, modern space in a high-traffic location.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Construction WOOD
Total area 2,200 SF
Lot 0.67 ac (29,185 SF)
Zoning code CG : VAN
APN 114727-250
UPID US90-0064358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
205 Commerce LLC · 8 yrs held
205 Commerce LLC
since 2018
7 recorded transactions
2018
Price N/A
2018
$13.3M
2017
Price N/A
2017
Price N/A
2014
Price N/A
2014
Price N/A
2014
$5.3M
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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