Light Industrial Manufacturing
For Sale
$4,950,000
1400 Atlantic Avenue, Woodland, WA 98674
Single-story light industrial facility with office, production, warehouse, showroom/retail area, and 80+ parking spaces on 2+ acres.
Property Size31,640 SF
Price / SF$156.45
Days on Market333
Property Features for 1400 Atlantic Avenue
General Information
Standard status
Active
Size
31,640 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
RE/MAX Equity Group
Listed By:
Mike R Miller
(877) 319-7625
Source:
Century21northhomes
Added: Oct 8, 2025
Changed: Sep 4
Last Checked: Sep 4 at 10:24AM
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 RE/MAX Equity Group
Investment Insights
Based on property information with market context.
This single-story light industrial manufacturing facility offers a flexible mix of office and production-oriented space, including office areas, a conference room, showroom/retail area, production floor, and a warehouse component. The building is supported by five restrooms and a break room, and the site includes over 80 parking spaces to accommodate daily operations.
The property is located at 1400 Atlantic Avenue in Woodland, Washington, just off I-5 Exit 21. It is described as having strong freeway visibility with signage opportunities, supported by frontage along the I-5 corridor between Portland and Southwest Washington.
Set on 2+ acres, the property provides ample room for parking and site circulation, with the added flexibility of a potential multi-tenant configuration or continued single-user occupancy.
The property is located at 1400 Atlantic Avenue in Woodland, Washington, just off I-5 Exit 21. It is described as having strong freeway visibility with signage opportunities, supported by frontage along the I-5 corridor between Portland and Southwest Washington.
Set on 2+ acres, the property provides ample room for parking and site circulation, with the added flexibility of a potential multi-tenant configuration or continued single-user occupancy.
Key Highlights
- Single‑story 31,640 SF light industrial manufacturing facility built in 2004
- Located at 1400 Atlantic Avenue just off I‑5 Exit 21 with freeway access and visibility
- 2+ acre site with 80+ on‑site parking spaces for operations, crews, and customers
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
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Balanced
Demand for This Use
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?
Flex space - Single-story light industrial facility with office, production, warehouse, showroom/retail area, and 80+ parking spaces on 2+ acres.
Where is this flex space located?
The property is located at 1400 Atlantic Avenue 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: Single‑story 31,640 SF light industrial manufacturing facility built in 2004; Located at 1400 Atlantic Avenue just off I‑5 Exit 21 with freeway access and visibility; 2+ acre site with 80+ on‑site parking spaces for operations, crews, and customers
