2811 E Evergreen Blvd — Sale in Vancouver, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Vancouver, WA 98661

Photos

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Investment Figures

Cap rate
5.74%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap and The Hefner Team are pleased to present 2811 E Evergreen Blvd, a 12,000 +/- square-foot office building, located just off East Mill Plain in Vancouver, Washington. Situated on approximately 0.59 acres, the Property is currently available for full or partial occupancy by an owner occupier. The 6,000+/- square-foot lower level is leased to Homze LLC through May 2028. The Community Commercial zoning offers the opportunity for users of a variety of uses, as existing leases mature. An investor can strategically reposition rents toward market levels, while an owner-occupier has the opportunity to gradually occupy additional space without disrupting current income. Located along East Evergreen Boulevard, the Property benefits a strong parking ratio of 5.00/1,000, and proximity to downtown Vancouver, Interstate 5, and the Portland metropolitan area. The combination of near-term leasing flexibility, stable occupancy, and long-term development activity in the surrounding area positions the Property as an attractive opportunity for an owner-occupier seeking a foothold in one of Southwest Washington's most supply-constrained office markets. Investment Highlights: • -Flexible Leases - Main Floor tenants allow for the best path forward to attract a owner occupier. • -Diversified Income Stream – Multiple tenants reduce dependence on any single occupant. • -Recent Capital Improvements – Recent renovation help minimize near-term ownership costs. • -Strong Parking Ratio – Parking ratio of 5.00/1,000SF supports marketing to most medical users and other users requiring above standard parking. • -High Quality Building Shell - Reinforced, poured in place, concrete shell and 2,400 amps of existing power are desirable to a variety of occupiers.

Market Context

This office in Vancouver, WA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Vancouver, WA — view the full market.

As of Q2 2026, the Portland office market showed average asking rents near $32.70/SF/yr. Source: multiple brokerage reports, Q2 2026.

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