17000 1St StVancouver, WA 98684

Property Details for 17000 1St St

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.82 AC

Property size (Sq ft)

9,657 SF

Zone code

CN : VAN

Property type

Retail properties

Property subtype

Retail space

APN

986037-954

APU

986037954

Description

This exceptional 9,722 square foot retail storefront, situated on a 1.01-acre lot in Vancouver, Washington's desirable east side, presents a compelling investment opportunity. The single-story, 2016-built building boasts a strong pro-forma net operating income (NOI) of $167,845, yielding an attractive 6.25% capitalization rate. Currently housing two tenants, the property offers significant upside potential due to below-market rents. Located at 17000 SE 1st St, Vancouver, WA 98684, this C2-zoned property benefits from its prime location near major retailers including Costco, Home Depot, Walmart, Olive Garden, Main Event, 24-Hour Fitness, New Seasons, Fred Meyer, and Target. The property's land value is $276 per square foot. The thriving Vancouver market and Clark County's robust growth, coupled with Washington state's lack of income tax, create a highly attractive environment for businesses and employees. This presents a rare chance to acquire a well-maintained, high-performing retail asset in a rapidly expanding market. The asking price is $2,685,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,899,016

  6.5%

  $3,599,092

  7%

  $3,342,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,686,558

  Geo Method

  $4,686,558

• Alternative Use

  Use

  Valuation

  Residential

  $3,035,968

  Hospitality

  $2,780,930

  Educational

  $2,313,702

  Medical

  $2,393,273

  Retail

  $3,599,092

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6215

Longitude

-122.498

CBSA code

38900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].