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Property profile & analytics
OFF-MARKET
Turn key restaurants

4720 Thurston Way Vancouver, WA 98662-6413

3,500 SF 0.8 ac lot Built 1992
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US90-1708267
Property summary
AI-generated overview

This exceptional restaurant property, located at 4720 NE Thurston Way in Vancouver, Washington, presents a unique investment opportunity. The building boasts a generous 3,800 square feet of space, perfectly suited for a thriving culinary establishment. Situated on a sizable parcel of approximately 35,000 square feet in Clark County, the property offers ample room for outdoor seating, expansion, or additional development. The building is zoned for General Commercial use, providing flexibility for various business ventures. The base rental rate is competitively priced at $32 per square foot per year, with estimated Net, Net, Net (NNN) expenses of $6.74 per square foot per year. This translates to a total annual cost that is highly attractive for potential tenants. The property's prime location in Vancouver, WA, zip code 98662, ensures high visibility and accessibility, attracting a large customer base. This is an excellent opportunity to acquire a well-positioned restaurant building in a vibrant and growing community. The property's size and zoning offer significant potential for future growth and development, making it an ideal investment for both seasoned restaurateurs and astute real estate investors. The property is a single-tenant building, offering a straightforward and manageable investment. This turnkey opportunity is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Construction WOOD
Total area 3,500 SF
Lot 0.8 ac (34,848 SF)
Zoning code CG : VAN
APN 108083-010
UPID US90-1708267
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
  • Shari's Cafe and Pies Restaurant
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
Rbm Vancouver Village LLC · 6 yrs held
Rbm Vancouver Village LLC
since 2019
6 recorded transactions
2020
Price N/A
2019
$22.2M
2005
Price N/A
1996
Price N/A
1996
$7.5M
1969
Price N/A
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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