13102 4Th StVancouver, WA 98684

Property Details for 13102 4Th St

Year built

2022

Construction

STEEL FRAME

Lot size

2.05 AC

Property size (Sq ft)

26,105 SF

Zone code

OCI : VAN

Property type

Office properties

Property subtype

Other office properties

APN

114727-652

APU

114727652

Description

This exceptional 26,061 square foot Class B medical office condo building, constructed in 2022, presents a unique investment opportunity in Vancouver, Washington. Located at 13102 NE 4th St, 98684, this single, two-story building sits on a 1.45-acre lot and offers ample parking with 131 spaces. The property is zoned OCI and boasts a prime location within a master-planned business park, providing easy access to I-205 Freeway and a wealth of amenities including retail, restaurants, banking, hotels, housing, and mass transit. Its convenient location offers a short commute, being just 12 minutes from Portland International Airport and 21 minutes from downtown Portland. Currently, there are three available medical office spaces ranging from 4,000 to 11,716 square feet, perfect for various medical practices or expansion. The building's modern design and convenient location make it an ideal choice for medical professionals seeking a thriving and accessible environment. The Clark County property (APN: 114727-654) offers multiple tenancy options within a well-established and highly sought-after area. This is a rare opportunity to acquire a modern, well-located medical office condo in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,170,000

  6.5%

  $6,618,461

  7%

  $6,145,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,027,301

  Geo Method

  $5,027,301

• Alternative Use

  Use

  Valuation

  Residential

  $8,206,892

  Hospitality

  $7,517,468

  Educational

  $6,254,446

  Medical

  $6,469,546

  Retail

  $9,729,138

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.624

Longitude

-122.538

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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