717 61St StVancouver, WA 98665

Property Details for 717 61St St

Year built

2002

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

6,194 SF

Zone code

GC : CLK

Property type

Office properties

APN

147736-000

APU

147736000

Description

This two-story, 6,100 square foot Class B office building, constructed in 2002 and renovated in 2017, is situated in Vancouver, Washington's desirable Hazel Dell Salmon Creek submarket. Located at 717 NE 61st Street, this property boasts a convenient location on Highway 99, just half a mile north of I-5 and one mile north of Vancouver's central business district. The building features 22 total parking spaces and offers multiple tenancy options, currently with 495 square feet of vacant space. One immediately available suite (Suite 208-209) comprises 542 square feet on the first floor, including two private offices and a sink. This suite is ideal for executive or medical office use, aligning with the building's zoning as General Commercial (GC) District. A minimum lease term of 3-5 years is required. The property sits on a 0.48-acre lot with a building floor area ratio (FAR) of 14. Property taxes are $1.69 per square foot. The building does not have elevators. Pylon signage and ample parking are key amenities. This property presents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community. The APN is 147736-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,244

  6.5%

  $1,570,379

  7%

  $1,458,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,192,840

  Geo Method

  $1,192,840

• Alternative Use

  Use

  Valuation

  Residential

  $1,947,270

  Hospitality

  $1,783,689

  Educational

  $1,484,008

  Medical

  $1,535,046

  Retail

  $2,308,457

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.666

Longitude

-122.664

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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