Add Listing
    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

    415 State Route 505 Winlock, WA 98596

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,985,000

    Mixed-use site with potential for residential and commercial development.

    Added:
    May 31, 2025
    Days on Market:
    326
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 415 State Route 505

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    STEVEN A. BECK

    Listing agent STEVEN A. BECK

    Listing office JOHN L. SCOTT, INC

    Listing date May 31, 2025

    Source Corcoran

    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 JOHN L. SCOTT, INC

    Overview

    Mixed-Use Development Opportunity

    This mixed-use site presents an opportunity for development, with potential for 169 residential units and 66,900 square feet of commercial frontage along Highway 505. The location offers growth potential due to the new Benaroya Pacific Northwest Regional Logistics Center. An adjacent property is set for a 91-home development. Mixed-use designs were derived from a pre-application meeting with the city. Water and sewer are available in the street. A recent easement was granted along the road for new electrical lines and fiber optics, supporting fast internet speed. The property consists of two tax parcels and has been in the seller's family for 50 years, having been purchased from original homesteaders.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Hair Salon Nail Salon Electrical Service Grocery & Convenience Store Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winlock
    County
    Lewis
    State
    Washington
    Longitude
    -122.909
    Latitude
    46.4847

    Nearby Similar for Sale

    • $159,900

      Cleared Land Ready to Build

      1.75 acres near Winlock, WA, with utilities and permits.
      133 SILVERTHISTLE Rd, Winlock, WA 98596
      View Details
    • $235,000

      Versatile Land Parcel with Fruit Trees

      4.63-acre Winlock parcel with fruit trees, well, and electricity.
      213 NELSON Rd, Winlock, WA 98596
      View Details
    • $409,900

      Mixed-Use Building in Downtown Winlock

      Income-generating mixed-use property with long-term tenant and flexible office spaces.
      202 NE 1st Street, Winlock, WA 98596
      View Details
    • $1,595,000
      77 SF

      Winlock Commercial Land Available

      77.21 acres of commercial land with I-5 access.
      State Route 505, Winlock, WA 98596
      View Details
    • $109,900

      Wooded Land Near Winlock, WA

      9.55 acres of wooded land near Winlock, Washington.
      115 Campground Lane, Winlock, WA 98596
      View Details
    • $380,000

      Winlock Acreage with Well & Power

      10.75 acres near Winlock with power and well.
      196 Allman Road, Winlock, WA 98596
      View Details
    • Contact for pricing
      215 SF

      215+ Acres Ready for Development

      Development-ready land with infrastructure, strategic location, and tax incentives.
      North Military Road, Winlock, WA 98596
      View Details
    • $799,999
      3,810 SF

      Winlock Farm with Equine Potential

      Farm with grand home, equine barn, kennels, and development potential.
      115 Kakela Road, Winlock, WA 98596
      View Details
    • $125,000

      8.83 Acres Serene Countryside Parcel

      8.83-acre parcel near Winlock with streams and timber.
      1668 King Road, Winlock, WA 98596
      View Details
    • $200,000

      10-Acre Parcel Near Downtown Toledo

      10-acre parcel near downtown Toledo with county road access.
      110 Frost Road, Winlock, WA 98596
      View Details
    • $199,000

      Winlock Land with Mountain Views

      19.7 acres in Winlock, WA, with mountain views.
      HENRIOT Rd, Winlock, WA 98596
      View Details
    • $99,900
      780 SF

      Winlock Commercial Building with Potential

      Versatile commercial building suitable for office, retail, or café.
      311 Kerron St, Winlock, WA 98596
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use site with potential for residential and commercial development.
    Where is this mixed-use property located?
    The property is located at 415 State Route 505 Winlock, WA.
    What is the asking price?
    The asking price for this property is $1,985,000.
    What are key features of this property?
    This property features: Ideal mixed‑use site offering potential for **169 residential units and 66,900 Sq. Ft. of commercial frontage.**; Huge growth potential due to proximity to the new Benaroya Pacific Northwest Regional Logistics Center.; Adjacent property set for 91 home development.
    We can help!
    Listing Contact
    STEVEN A. BECK
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!