Woodland Storage Facility For
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1320 West Scott Avenue, Woodland, WA 98674
2005-vintage self-storage facility with value-add potential in Woodland, Washington.
Property Size18,576 SF
Lot Size3.50 Acres
Price / SF$123.82
Days on Market101
Property Features for 1320 West Scott Avenue
General Information
Standard status
Active
Size
18,576 SF
Lot size
3.50 Acres
Property subtype
Self Storage
Building Details
Year Built
2005
Buildings
4
Listing Agency:
Cushman & Wakefield - Portland, Oregon
(503) 279-1743
Listed By:
Jim Lewis · License #OR 200412086
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Aug 24 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Portland, Oregon
Investment Insights
Based on property information with market context.
Stor‑A‑Wile Storage is a self‑storage facility built in 2005, featuring 102 drive‑up, non‑climate storage units. The units total 18,576 net rentable square feet, complemented by 71 surface parking spaces, totaling 172 spaces, on approximately 3.5 acres. An onsite office is included. The storage units are approximately 89% physically occupied with below‑market rents, averaging about $0.93 per square foot, which is a 30% discount to the estimated weighted market rent of approximately $1.34 per square foot. The property offers value‑add potential through rent increases and professional revenue management. Capital improvements could lead to more efficient operations, enhanced visual appeal, and increased rentable square footage. Located along the I‑5 corridor in Woodland, Washington, it is about 20 miles north of Vancouver, WA, providing access to the greater Portland–Vancouver MSA. The Woodland submarket has favorable supply‑and‑demand fundamentals and limited new competitive development.
Key Highlights
- Immediate value‑add potential through rent increases (30% discount).
- High current occupancy (~89%) indicates strong demand.
- Favorable supply‑and‑demand fundamentals with limited new competition.
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
$172,688
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
7.51%
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%
$3,453,760
$3.5M
Cap Rate 7%
$2,466,971
$2.5M
Cap Rate 9%
$1,918,756
$1.9M
Market Conditions
NOI Build-Up for 18,576 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
$265.3K $14.28/SF
− Vacancy
−$18.6K −$1.00/SF
EGI
$246.7K $13.28/SF
− OpEx
−$74.0K −$3.98/SF
NOI
$172.7K $9.30/SF
Area
Cowlitz County, WA
Vacancy
7.00%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$3,453,760
Cap Rate 7%
$2,466,971
Cap Rate 9%
$1,918,756
Alternative Uses
Best Use
Industrial
$2.47M
$2.16M – $2.88M
NOI $172,688 @ 7.0% cap · market cap 7.51%
Second Best
Self Storage
$2.26M
$1.97M – $2.63M
NOI $157,911 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,419 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - 2005-vintage self-storage facility with value-add potential in Woodland, Washington.
Where is this self storage facility located?
The property is located at 1320 West Scott Avenue Woodland, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Immediate value‑add potential through rent increases (30% discount).; High current occupancy (~89%) indicates strong demand.; Favorable supply‑and‑demand fundamentals with limited new competition.
