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    OFF-MARKET
    Office Spaces

    309 12th St, Vancouver, WA 98660-2903

    2,464 SF 0.14 ac lot Built 1911
    Entity Owned ~ Est. High Equity
    Property ID
    US90-0994766
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two adjacent Class A office buildings in downtown Vancouver, WA, totaling 3,297 to 7,789 square feet. Both properties are vacant and available for sale individually or as a combined portfolio for $1,800,000. Each building boasts a three-story wood-frame construction, characteristic of the turn-of-the-century architecture. Recent upgrades include new commercial-grade carpeting (2019), exterior painting with Sherwin-Williams paint (2019), and composition asphalt shingle roofs installed in 2011. HVAC systems are in place. The 309 W 12th St property shares parking via easement with the 1112 Columbia St property, while 1112 Columbia St offers seven on-site parking stalls with timer-controlled lighting, and the parking lot was sealed and stripped in 2019. The properties are ideally located just blocks from Esther Short Park, the Post Office, Courthouse, and various restaurants, and less than a mile from the new Waterfront area and Interstate 5, offering unparalleled convenience and accessibility. This presents a rare chance to acquire a prime commercial real estate portfolio in a thriving downtown location. The properties are currently vacant, providing immediate occupancy potential for a wide range of businesses.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1911
    Construction WOOD
    Total area 2,464 SF
    Lot 0.14 ac (6,000 SF)
    Zoning code CX : VAN
    APN 047278-000
    UPID US90-0994766
    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
    • Hoda Tabatabaei-Moghaddam Marriage Or Relationship Counselor Counselor
    • Cher Bunkley-Rea Community Health Centre
    • Julia Swanson Counselor
    • Furze John A Counselor
    • Ann M. Patten, PharmD Pharmacy
    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
    Olive Tree Acquistions LLC
    Olive Tree Acquistions LLC
    since 2025
    3 recorded transactions
    2025
    2014
    1991
    $400,000
    Zoning & alternative use
    CX : VAN · Vancouver, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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