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Fully Leased Office Building- 16 Suites 76-82 Washougal River Rd 5,656 SF 100% Leased Office Building Washougal, WA 98671 $1,240,000 ($219.24/SF) 6.67% Cap Rate
Investment Highlights
- 100% leased, all tenants on 1 year Full Service Leases
- Unit mix of 15 individual suites from 90-150SF, and one 700 SF 3-room Suite
- Two ADA Bathrooms First Floor, two bathrooms on the second floor, 4 HVAC units
- Easy access to Hwy 14, only 20 min. to PDX and DT Vancouver, 30 min. to DT Portland
- 8 unassigned parking spots on site, abundant on-street parking.
- Shared Break Room and Lobby area on both levels
Executive Summary
This highly desired, well-established office building comprises of 16 executive suites, offering generous Common Areas, including a lobby area, lunchroom, and two bathrooms per level. With quick access to HWY-14, it's just a couple of blocks from Downtown Washougal and one of the best places for a lunch walk or ride, just one block from the pedestrian tunnel to the beautiful Columbia River Front Trail.
The building is currently 100% leased out, with all tenants on 1-year leases, and a waiting list is usually established for any upcoming openings. The current average duration of tenancy throughout the building is about 3 years.
With expiration dates spread throughout the year, this gives the flexibility of an owner/user type to acquire spaces for their own needs over a short period of time.
OM in the works.
The building is well maintained, and the off-street parking lot has 8 unassigned spaces.
Please do not disturb tenants. After-hours private tours can be arranged. No signage on premises
The building is currently 100% leased out, with all tenants on 1-year leases, and a waiting list is usually established for any upcoming openings. The current average duration of tenancy throughout the building is about 3 years.
With expiration dates spread throughout the year, this gives the flexibility of an owner/user type to acquire spaces for their own needs over a short period of time.
OM in the works.
The building is well maintained, and the off-street parking lot has 8 unassigned spaces.
Please do not disturb tenants. After-hours private tours can be arranged. No signage on premises
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,656 SF
Building Class
B
Year Built
2007
Price
$1,240,000
Price Per SF
$219.24
Cap Rate
6.67%
NOI
$82,680
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,828 SF
Slab To Slab
10’
Building FAR
0.68
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
C3 - Town Center Core (TC-C)
Parking
8 Spaces (1.41 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Freiends of Columbia Gorge- 3 Suite rooms total
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Zibowlsky Consulting
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Freiends of Columbia Gorge- 3 Suite rooms total | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Zibowlsky Consulting | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 071657-000 | Total Assessment | $715,000 (2026) |
| Land Assessment | $156,700 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $558,300 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
071657-000
Land Assessment
$156,700 (2026)
Improvements Assessment
$558,300 (2026)
Total Assessment
$715,000 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
Fully Leased Office Building- 16 Suites | 76-82 Washougal River Rd