Single-Story Manufacturing
For Sale
$4,950,000
1400 ATLANTIC Ave, Woodland, WA 98674
CommercialSale, Woodland, WA
Property Size31,640 SF
Lot Size2.17 Acres
Price / SF$156.45
Days on Market246
Property Features for 1400 ATLANTIC Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Directions
I-5 Exit 21 N or S
Subdivision
_80
Standard status
Active
APN
5042402
Size
31,640 SF
Lot size
2.17 Acres
Taxes and HOA fees
Tax Description
816 (WOODLAND OUTLOT) -WDOL -2-I-1 13 -5N -1W BOZARTH SM DLC.
Tax Annual Amount
10981
Legal Description
816 (WOODLAND OUTLOT) -WDOL -2-I-1 13 -5N -1W BOZARTH SM DLC.
Utilities
Heating system
Zoned, Forced Air
Cooling system
Central Air
Amenities
conference room
break room
Building Details
Year built
2004
Floors in Building
1
Building materials
Concrete, MetalFrame, MetalSiding
Roof type
Built-Up, Metal
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(360) 882-6000
Listed By:
Mike R Miller · License #199911099
(360) 607-3697
Added: Dec 23, 2025
Changed: Aug 25
Last Checked: Aug 26 at 6:06AM
MLS# 620050226
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 31,640-square-foot manufacturing facility occupies a 2.17-acre site and was built in 2004. The single-story building includes office space, a conference room, showroom and retail area, production floor, warehouse space, five restrooms, and a break room. More than 80 on-site parking spaces support daily operations, while concrete, metal frame, and metal siding construction contribute to the building’s commercial utility. The property also features zoned and forced-air heating, central air conditioning, and a built-up and metal roof.
Located at 1400 Atlantic Avenue in Woodland, Washington, the facility is positioned just off I-5 Exit 21. Its C-2 zoning and broad site area provide a substantial industrial property footprint with space for parking and circulation. The configuration can accommodate continued single-user occupancy or a multi-tenant arrangement, as expressly described for the property.
Located at 1400 Atlantic Avenue in Woodland, Washington, the facility is positioned just off I-5 Exit 21. Its C-2 zoning and broad site area provide a substantial industrial property footprint with space for parking and circulation. The configuration can accommodate continued single-user occupancy or a multi-tenant arrangement, as expressly described for the property.
Key Highlights
- 31,640‑square‑foot manufacturing facility on 2.17 acres
- Located at 1400 Atlantic Avenue, just off I‑5 Exit 21
- Single‑story layout with office, showroom/retail, production, and warehouse areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$357,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,143,260
$7.1M
Cap Rate 7%
$5,102,329
$5.1M
Cap Rate 9%
$3,968,478
$4.0M
Market Conditions
NOI Build-Up for 31,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$451.8K $14.28/SF
− Vacancy
−$31.6K −$1.00/SF
EGI
$420.2K $13.28/SF
− OpEx
−$63.0K −$1.99/SF
NOI
$357.2K $11.29/SF
Area
Cowlitz County, WA
Vacancy
7.00%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,143,260
Cap Rate 7%
$5,102,329
Cap Rate 9%
$3,968,478
Alternative Uses
Best Use
Warehouse
$5.10M
$4.46M – $5.95M
NOI $357,163 @ 7.0% cap · market cap 7.22%
Second Best
Flex RnD
$4.56M
$3.99M – $5.32M
NOI $319,028 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$10.42M
$9.12M – $12.16M
NOI $729,715 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 98674, WA
14,415
Population
5,830
Households
2.5
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
86.5 sq mi
ZIP Area
167
Density / Sq Mi
$96,081
Median Household Income
$46,976
Median Earnings
$1,283
Median Rent
$481,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Flexible commercial layout with offices, showroom, production, and warehouse areas.
Where is this manufacturing property located?
The property is located at 1400 ATLANTIC Ave Woodland, WA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 31,640‑square‑foot manufacturing facility on 2.17 acres; Located at 1400 Atlantic Avenue, just off I‑5 Exit 21; Single‑story layout with office, showroom/retail, production, and warehouse areas
