13118 4Th StVancouver, WA 98684

Property Details for 13118 4Th St

Year built

1995

Construction

CONCRETE

Lot size

3.55 AC

Property size (Sq ft)

37,795 SF

Zone code

OCI : VAN

Property type

Healthcare properties

Property subtype

Medical offices

APN

114727-654

APU

114727654

Description

This exceptional Class A medical office building, situated on a 4.16-acre lot in Vancouver, Washington, presents a compelling investment opportunity. Built in 2007 and extensively renovated in 2021, the property boasts 8,000 square feet of meticulously maintained space within a single, two-story building. The asking price is $2,720,000, translating to $340 per square foot. The property is zoned OCI and features 173 parking spaces, ensuring ample convenience for staff and patients. Its prime location at 13118 NE 4th St, Vancouver, WA 98684 offers easy access to I-205 Freeway, placing it within convenient reach of a wide array of amenities including retail, restaurants, banking, hotels, housing, and mass transit. Furthermore, its proximity to Portland International Airport (12 minutes) and downtown Portland (21 minutes) enhances its appeal. The property's APN is 114727-654. This turnkey medical office building is ready for immediate occupancy and presents a rare opportunity to acquire a high-quality asset in a thriving market. The building's efficient design and modern amenities make it an ideal setting for a variety of medical practices. The ample parking and convenient location contribute to its high desirability. This property represents a strong investment with significant potential for long-term growth and return.

• CAP approach

  CAP return

  Valuation

  6%

  $10,380,775

  6.5%

  $9,582,254

  7%

  $8,897,807

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,278,561

  Geo Method

  $7,278,561

• Alternative Use

  Use

  Valuation

  Residential

  $11,881,994

  Hospitality

  $10,883,843

  Educational

  $9,055,230

  Medical

  $9,366,653

  Retail

  $14,085,913

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6241

Longitude

-122.538

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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