9920 117th Ave Vancouver, WA 98662-1503
Property Lookup
Property profile & analytics
9920 117th Ave Vancouver, WA 98662-1503
- Grocery and convenience stores
- 3,726 SF
- 0.25 lot acres
Property ID
US90-2769732
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
- Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
Property Details for 9920 117th Ave
- Year built
- 2020
- Lot size
- 0.25 lot acres
- Property size
- 3,726 SF
- Zone code
- CC : CLK
- Property type
- Grocery and convenience stores
- APN
- 986056-366
- APU
- 986056366
Description
This exceptional retail property, located at 9920 NE 117th Ave, Vancouver, WA 98662, offers a compelling investment opportunity. The 3,800 square foot building, constructed in 2021, is situated on a 0.25-acre lot and is currently leased under a triple-net (NNN) agreement to Sherwin-Williams. The lease commenced February 22, 2021, and features a built-in 10% rent increase scheduled for February 2026, ensuring future income growth. The property boasts a strong net operating income (NOI) of $106,400, resulting in a 5.00% capitalization rate and a price per square foot of $560. This investment is further enhanced by its strategic location within the MAJ Place BP center, alongside a 7-Eleven with fuel and a Starbucks Drive-Thru, creating a high-traffic retail environment. The property benefits from excellent visibility and accessibility, with approximately 70,690 vehicles passing daily at the intersection of NE 117th Ave and NE 99th Street. This presents a stable, high-quality tenant in a thriving retail corridor, making it an attractive investment for discerning buyers. The asking price for this turnkey investment is $2,128,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,145,000
- ML approach
- $2,065,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.554
- Latitude
- 45.6943
- 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
$8,073
$160,930
$913,370
$1,074,300
-
$160,930
$913,370
$1,074,300
