404 15Th StVancouver, WA 98663

Property Details for 404 15Th St

Year built

1971

Construction

STEEL FRAME

Lot size

0.57 AC

Property size (Sq ft)

16,500 SF

Zone code

CX : VAN

Property type

Office properties

APN

040440-000

APU

40440000

Description

The Angelo Building, a two-story Class B office building totaling 16,500 square feet, presents a compelling investment opportunity in the heart of downtown Vancouver. Built in 1980, this multi-tenant property offers immediate occupancy with 2,100 square feet of vacant space currently available, divisible into units ranging from 678 to 2,100 square feet. Ideal for general office or professional services, the building boasts convenient access to major transportation arteries, including I-5 and Highway 14, ensuring effortless commutes for employees and clients alike. Its central downtown Vancouver location provides excellent visibility and proximity to a variety of amenities. Ample parking is provided with 75 spaces available, a ratio of approximately 4 spaces per 1,000 square feet. The current rental rate is $18.00 per square foot, excluding janitorial services. This presents a strong opportunity for businesses seeking a well-located, functional office space in a thriving urban environment. The building is situated in Clark County and offers a flexible layout adaptable to various business needs. The available space provides a chance to establish a presence in a well-maintained building with convenient access to key transportation routes and urban amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,531,890

  6.5%

  $4,183,283

  7%

  $3,884,477

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,177,570

  Geo Method

  $3,177,570

• Alternative Use

  Use

  Valuation

  Residential

  $5,187,271

  Hospitality

  $4,751,512

  Educational

  $3,953,202

  Medical

  $4,089,159

  Retail

  $6,149,426

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6329

Longitude

-122.668

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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