The Evergreen Grocery | 2311 SW 6th Ave
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The Evergreen Grocery 2311 SW 6th Ave
6,550 SF 100% Leased Office Building Camas, WA 98607 $1,300,000 ($198/SF) 6.50% Cap Rate
Executive Summary
The Evergreen Grocery is a rare 6,500sf live/work opportunity in Camas, WA. Consisting of two residences (#19 and #20) totaling 3,500sf and two adjoining flex-spaces (C1 and C2) totaling 3,050sf, the property is perfectly configured for an owner-occupant or investor. Each unit can be purchased individually or in combination with other units. Pricing per unit is as follows
#19: $672,000
#20: $232,000
C1: $195,000
C2: $201,000
The crown-jewel of the building is #19, the spacious 2,400sf second-story residence featuring 4 beds and 2 ½ baths. #20 is a 2-bed, 1 bath, 1,068sf apartment, C1 offers 1,551sf of flex-space with 9’ ceilings and C2 offers 1,499sf flex-space with 4-bay doors and 12’ tall ceilings. Both C1 and C2 are currently in shell condition and can be built out for the buyer as part of a purchase.
The property is zoned Neighborhood-Commercial which allows for a variety of uses. The building is situated a short drive from Downtown Camas, SR-14, and I-205. Seldom seen opportunity that's not expected to last long. Schedule your private tour today.
#19: $672,000
#20: $232,000
C1: $195,000
C2: $201,000
The crown-jewel of the building is #19, the spacious 2,400sf second-story residence featuring 4 beds and 2 ½ baths. #20 is a 2-bed, 1 bath, 1,068sf apartment, C1 offers 1,551sf of flex-space with 9’ ceilings and C2 offers 1,499sf flex-space with 4-bay doors and 12’ tall ceilings. Both C1 and C2 are currently in shell condition and can be built out for the buyer as part of a purchase.
The property is zoned Neighborhood-Commercial which allows for a variety of uses. The building is situated a short drive from Downtown Camas, SR-14, and I-205. Seldom seen opportunity that's not expected to last long. Schedule your private tour today.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,200
|
$18.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,110
|
$0.93
|
| Effective Gross Income |
$116,090
|
$17.72
|
| Taxes |
$11,170
|
$1.71
|
| Operating Expenses |
$23,242
|
$3.55
|
| Total Expenses |
$34,412
|
$5.25
|
| Net Operating Income |
$81,678
|
$12.47
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $122,200 |
| Annual Per SF | $18.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,110 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $116,090 |
| Annual Per SF | $17.72 |
| Taxes | |
|---|---|
| Annual | $11,170 |
| Annual Per SF | $1.71 |
| Operating Expenses | |
|---|---|
| Annual | $23,242 |
| Annual Per SF | $3.55 |
| Total Expenses | |
|---|---|
| Annual | $34,412 |
| Annual Per SF | $5.25 |
| Net Operating Income | |
|---|---|
| Annual | $81,678 |
| Annual Per SF | $12.47 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,550 SF
Building Class
C
Year Built
1949
Price
$1,300,000
Price Per SF
$198
Cap Rate
6.50%
NOI
$84,500
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,275 SF
Building FAR
0.07
Lot Size
2.01 AC
Zoning
NC
Parking
6 Spaces (0.92 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 986064-566 | Total Assessment | $150,800 |
| Land Assessment | $50,600 | Annual Taxes | $11,170 ($1.71/SF) |
| Improvements Assessment | $100,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
986064-566
Land Assessment
$50,600
Improvements Assessment
$100,200
Total Assessment
$150,800
Annual Taxes
$11,170 ($1.71/SF)
Tax Year
2024
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The Evergreen Grocery | 2311 SW 6th Ave
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