Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Vancouver, WA 98685

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    6.08 acres of industrial land near I-5/I-205 interchange.

    Property size:
    6 SF
    Lot size:
    6.08 Acres

    Property Features for

    General Information

    Size
    6 SF
    Lot size
    6.08 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Mike Hale, Sior
    Source: Corfac

    Listing Agent: Mike Hale, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Land Near Vancouver Mall

    This 6.08-acre (264,845 SF) industrial land is available for purchase and presents a prime investment opportunity in the Portland metropolitan area. The property is conveniently located near the Westfield Vancouver Mall and Salmon Creek Regional Park, offering a mix of retail and recreational amenities. The location provides easy access to major transportation routes and a growing business community, making it an attractive prospect for businesses seeking a strategic foothold in the thriving Portland market. The property has a light industrial (IL) zoning. It is in close proximity to the I-5/I-205 interchange. Street improvements have been completed on NE 10th. The property is a corner lot with a slight slope on the south end. Utilities are available at the street.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.695
    Latitude
    45.7207

    Nearby Similar for Sale

    • $1,075,000
      4,500 SF

      Victorian Home with Five Apartments

      Commercially zoned Victorian home with five apartments in Vancouver, WA.
      414 W 12Th St, Vancouver, WA 98660
      View Details
    • $4,879,000
      15,442 SF

      New Single-Family Attached Homes

      Ten newly constructed homes with luxury amenities in Hazel Dell.
      4943 NE 2Nd Ct, Vancouver, WA 98663
      View Details
    • $898,900
      3,106 SF

      New Duplex in Hazel Dell

      Two newly constructed homes with luxury amenities in a convenient location.
      4919 NE 2Nd Ct, Vancouver, WA 98663
      View Details
    • New
      $3,950,000
      15,390 SF

      Vancouver Multifamily Investment Opportunity

      Portfolio of five duplexes, totaling ten units, all currently leased.
      13003 NE 25Th St, Vancouver, WA 98684
      View Details
    • $1,879,600
      6,212 SF

      New Construction Hazel Dell Quadplex

      Four newly constructed homes with luxury amenities in a prime location.
      4901 NE 2Nd Ct, Vancouver, WA 98663
      View Details
    • $539,000
      2,496 SF

      Vancouver Duplex Income Opportunity

      Updated Vancouver duplex with two units, ideal for investment.
      1518 Z St, Vancouver, WA 98661
      View Details
    • $450,000
      1,560 SF

      Vancouver WA Multifamily Investment Opportunity

      Multifamily property in Vancouver, WA with income potential.
      3713 L St, Vancouver, WA 98663
      View Details
    • $1,149,500
      4,205 SF

      Vancouver Multifamily Property For Sale

      8-unit multifamily property in a desirable Vancouver location.
      112 W 21St St, Vancouver, WA 98660
      View Details
    • $535,000
      1,796 SF

      Vancouver Multifamily Income Property

      Updated duplex in Vancouver with long-term tenants.
      316 W 30Th St, Vancouver, WA 98660
      View Details
    • $549,900
      1,600 SF

      Well-Maintained Duplex in Evergreen Neighborhood

      Duplex in Vancouver's Evergreen neighborhood, ideal for families or investors.
      14112 NE 10Th St, Vancouver, WA 98684
      View Details
    • $495,000
      1,680 SF

      Shumway Neighborhood One-Level Duplex

      Inviting duplex in prime Vancouver location with easy highway access.
      3109 F St, Vancouver, WA 98663
      View Details
    • $650,000
      2,096 SF

      Vancouver Multifamily Property For Sale

      Multifamily property featuring a large backyard and single car garage.
      15813 SE 1St St, Vancouver, WA 98684
      View Details

    FAQs

    What type of property is this?
    Industrial land - 6.08 acres of industrial land near I-5/I-205 interchange.
    Where is this industrial land located?
    The property is located at Vancouver, WA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in the Portland metropolitan area.; - Convenient access to I-5/I-205 interchange.; - Zoning: IL – Light Industrial.
    (503) 781-6324
    Request Owner's contact information
    Vancouver, WA 98685
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Vancouver, WA 98685
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Vancouver, WA 98685
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Hale, Sior
    (503) 781-6324
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.