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Property profile & analytics
FOR LEASE
Strip malls
8720 NE Centerpointe Dr Vancouver, WA 98665
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0761537
For Lease
1 / 4
$4,260,000
8720 NE Centerpointe Dr, Vancouver, WA 98665
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Property summary
AI-generated overview
This exceptional retail opportunity presents 27,055 square feet of commercial space within the Centerpointe Retail Center, located at 8720 NE Centerpointe Dr, Vancouver, WA 98665. Built in 2005, this mixed-use strip center sits on a 3.22-acre lot and offers ample parking with 194 spaces. The property boasts excellent visibility and accessibility, with convenient access from NE Andresen Road and NE 88th Street, north of Padden Parkway and I-205. Its strategic location benefits from proximity to major retailers including Starbucks, Jiffy Lube, Home Depot, and Costco. Multiple spaces are available, with a minimum divisible space of 946 square feet and a maximum contiguous space of 4,000 square feet. Currently, 7,217 square feet of space is vacant, offering flexible options for businesses of various sizes. The property is ideal for a variety of retail uses and provides a strong foundation for growth and success in a thriving commercial area. The address is easily accessible from NE 88th St. This is a rare opportunity to secure prime retail space in a high-traffic location with established national tenants.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,104 SF
Lot
1.59 ac (69,260 SF)
Zoning code
CG : VAN
APN
156234-000
UPID
US90-0761537
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
-
Subway Take-out & Catering Catering Service
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Sachi Sushi & KungFu Noodle Restaurant
-
Edward Jones - Financial Advisor: Steve Lovs, AAMS™ Financial Advisor
-
Popcorn Cove (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.26M
Owner & transaction history
Better Foods Land Inv Co · 20 yrs held
Better Foods Land Inv Co
since 2005
7 recorded transactions
Zoning & alternative use
CG : VAN · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.4M
+6.0%
Commercial (general)
$6.2M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vancouver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vancouver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,025,000
Current use
INDUSTRIAL (GENERAL)
$6,380,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,190,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,420,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$163 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,728
Tax year 2023
Assessed value
$7,807,100
Assessed 2023
Previous assessed
$7,314,500
+6.7% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,662,300
Assessed improvement
$6,144,800
Land market value
$1,662,300
Improvement market value
$6,144,800
Total market value
$7,807,100
Applied tax rate
10,447.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
26,104 SF
Lot
1.59 ac (69,260 SF)
Zoning code
CG : VAN
APN
156234-000
UPID
US90-0761537
Jurisdiction
CLARK
Zoning & alternative use
CG : VAN · Vancouver, WA
Zoning CG : VAN · permitted uses
CG : VAN · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
Better Foods Land Inv Co
Entity
Mailing address
900 WASHINGTON ST STE #850, VANCOUVER, WA 98660-3461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
Better Foods Land Investment Compan
—
Deed
related
$500,000 · Columbia State Bank
Sep 21, 2005
—
Better Foods Land Inv Co
—
Trustees Deed
related
$606,760 · Pacific Continental Bank
Aug 24, 2005
$7,900,635
Better Foods Land Inv Co
Centerpointe LLC
Warranty Deed
—
Mar 19, 2004
$1,650,000
Centerpointe LLC
American Top Real Estate Co
Grant Deed
$1,650,000 · Riverview Community Bank
Jul 10, 1998
$3,110,184
Home Depot USA INC
American Top Real Estate Co
Grant Deed
—
Feb 6, 1991
—
American Top Real Est
Unknown
Grant Deed
related
—
—
—
Better Foods Land Inv Co
—
Loan Modification
related
—
—
—
Better Foods Land Inv Co
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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