916 Main StVancouver, WA 98660

  • Office properties
  • 28,655 SF
For Lease
$22/SF/YR View listing

Property Details for 916 Main St

Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.23 AC
Property size (Sq ft)
28,655 SF
Zone code
CX : VAN
Property type
Office properties
Property subtype
Other office properties
APN
051620-000
APU
51620000

Description

This exceptional 3,697 square foot creative office space is situated in the vibrant heart of downtown Vancouver, at the intersection of Evergreen Blvd and Main Street. Located within a three-story Class B building totaling 25,167 square feet, this suite offers a fantastic opportunity for a business seeking a move-in ready solution. The space boasts 11-foot ceilings and is currently configured with a blend of private offices, a welcoming reception area, an open workspace, and a convenient lunchroom. This is a sublease opportunity, with the current term expiring December 31, 2026. The lease rate is $22.00 per square foot, modified gross (excluding janitorial services and utilities). On-site parking is available at an additional cost of $50.00 per space, with approximately 5-7 spaces available. The building features multiple tenants and a typical floor size of 8,389 square feet. This "plug and play" office space is ideal for a company seeking immediate occupancy in a highly desirable downtown location. Don't miss this chance to secure a prominent presence in Vancouver's bustling city center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,870,382
    6.5%
    $7,264,968
    7%
    $6,746,042
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,518,380
    Geo Method
    $5,518,380
  • Alternative Use

    Use
    Valuation
    Residential
    $9,008,561
    Hospitality
    $8,251,793
    Educational
    $6,865,395
    Medical
    $7,101,506
    Retail
    $10,679,503
916 Main St, Vancouver, Washington

Location Insight

City
Vancouver
County
Clark
State
Washington
Latitude
45.6285
Longitude
-122.672
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,172
$550,000
$2,682,800
$3,232,800
-
$550,000
$2,682,800
$3,232,800

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