Property profile

5400 Macarthur Blvd Vancouver, WA 98661

OFF-MARKET
Office Spaces
Property ID
US90-0965295
28,934 SF 2.18 ac lot Built 1978
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.39-acre commercial land parcel presents a unique investment opportunity in Vancouver, Washington's burgeoning Heights District. Zoned HX (Heights Mixed Use), this property is ideally positioned to capitalize on the area's significant redevelopment. The City of Vancouver is investing over $70 million in infrastructure improvements throughout the Heights District, including parks and streets, ensuring a vibrant and thriving future. The land offers substantial potential for a variety of commercial and multi-family developments, aligning perfectly with the district's vision for a sustainable, equitable, and accessible neighborhood center. With a land value of $28.33 per square foot and an asking price of $2,950,000, this property represents a compelling investment in a rapidly growing area. The site's 2.39 acres provide ample space for a diverse range of projects, contributing to the Heights District's planned mix of complementary uses, engaging public spaces, and diverse housing options. The strategic location within the Heights District ensures easy access to transportation and nearby neighborhoods, further enhancing its appeal and potential for future growth. This is a rare chance to be part of a transformative urban renewal project, shaping the future of Vancouver. The property is located at 5400 MacArthur Blvd, Vancouver, WA 98661.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction CONCRETE
Total area 28,934 SF
Lot 2.18 ac (94,961 SF)
Zoning code HX : VAN
APN 037910-160
UPID US90-0965295

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home
  • Charitable Organization Social Service Agency
  • Hospital
  • Physician
  • Physician

Location

5400 Macarthur Blvd Vancouver, WA 98661-7049
Vancouver metro Census 42800 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.96M
Comparable Approach Comparable
$4.29M
Blend (final) Blend
$4.88M

Owner & transaction history

since 2020
7 recorded transactions
2021
Price N/A
2020
Price N/A
2005
Price N/A
1998
$1.7M
1998
$621,000
1993
$2.2M
1969
Price N/A

Zoning & alternative use

HX : VAN · Vancouver, WA
Top alternative use upside
Medical building $7.9M +8.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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