416 NE 87Th Ave Vancouver, WA 98664
Property profile & analytics
416 NE 87Th Ave, Vancouver, WA 98664
- Medical Office Space
- 3,800 SF
- 0.36 lot acres
Property ID
US90-0275369
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lee Family Dental / Dental Office
- Mill Plain Medical / Medical Supply Store
- The Oral Medicine Clinic / Dental Office
- A Bite of Grace / Association / Organization
- Emergency Dentist 24/7 Vancouver / Dental Office
Property Details for 416 NE 87Th Ave
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.36 lot acres
- Zone code
- OCI : VAN
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 111018-010
- APU
- 111018010
Description
This exceptional 3,880 square foot medical office building presents a compelling investment opportunity. Located in Vancouver, WA, at 416 NE 87th Ave, this property boasts a prime location directly across the street from PeaceHealth, ensuring high visibility and accessibility. The building, constructed in 1979, sits on a sizable 0.36-acre lot (15,750 square feet) and is zoned OCI (Office Commercial Industrial), offering flexibility for future development. Currently featuring two units, the property is vacant, allowing for immediate lease-up potential. With a strong pro-forma NOI of $70,523 and a pro-forma cap rate of 5.22%, this stabilized investment offers a solid return. The asking price is $1,350,000, translating to $347.94 per square foot. Ample parking is provided with a 5:1,000 square foot ratio. Its central location in Vancouver provides easy access to the entire metro area, making it an attractive option for both medical professionals and investors. This single-story building presents a rare opportunity to acquire a well-situated, income-producing asset in a thriving market. The property's size, location, and zoning provide significant upside potential for future growth and expansion.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $815,000
- 6.5%
- $750,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $450,000
Market price range: $68.2k - $573k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,040,000 Current use
- COMMERCIAL (GENERAL)
- $900,000 Change: -14% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $875,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.584
- Latitude
- 45.6242
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,624
$207,900
$695,000
$902,900
-
$207,900
$695,000
$902,900
