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    7008 162Nd Ave Vancouver, WA 98682

    Sponsored
    For Sale
    $6,128,885

    8.04 Acres, $6.1M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 8.04-acre commercial land parcel presents a remarkable development opportunity in Vancouver, Washington. Strategically located at the northwest corner of NE 162nd Avenue and Fourth Plain Boulevard, within the thriving Orchards trade area, this site boasts unparalleled visibility and accessibility. The property benefits from a signalized intersection, providing convenient access from both major thoroughfares. Significant site preparation has already been completed; the land is substantially cleared of vegetation, and a comprehensive wetlands mitigation plan is in place, streamlining the development process and minimizing potential delays. This prime location is surrounded by a robust mix of established retailers, ensuring high traffic and consumer density. Nearby businesses include major anchors such as Safeway, Walmart, Dollar Tree, Goodwill, McDonald's, Burgerville, Starbucks, and Chipotle, creating a strong foundation for future commercial success. The asking price for this exceptional development opportunity is $6,128,885. The property's address is 7008 NE 162nd Ave, Vancouver, WA 98682, situated in Clark County. This is an ideal location for a variety of commercial ventures, offering significant potential for substantial return on investment. Don't miss this chance to acquire a premier commercial land site in a rapidly growing area.

    Property Features for 7008 162Nd Ave

    General Information

    Property type
    Land
    Lot Size
    350,222 SF

    HighLights

    • $6,128,885 asking price for 8.04 acres of commercial land.
    • Located at the signalized intersection of NE 162nd Ave & Fourth Plain Blvd in Vancouver, WA's Orchards area.
    • Substantially cleared site with an existing wetlands mitigation plan.
    • Excellent retail proximity including Safeway, Walmart, and numerous fast‑food and coffee chains.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vancouver
    County
    Clark
    State
    Washington
    Longitude
    -122.50596745655
    Latitude
    45.672100917095

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    FAQs

    What type of property is this?
    Land - 8.04 Acres, $6.1M, High Visibility
    Where is this land located?
    The property is located at 7008 162Nd Ave Vancouver, WA.
    What is the asking price?
    The asking price for this property is $6,128,885.
    What are key features of this property?
    This property features: $6,128,885 asking price for 8.04 acres of commercial land.; Located at the signalized intersection of NE 162nd Ave & Fourth Plain Blvd in Vancouver, WA's Orchards area.; Substantially cleared site with an existing wetlands mitigation plan.
    Request Owner's contact information
    7008 162Nd Ave Vancouver, WA 98682
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    Vancouver, WA 98682
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    Realmo Value Estimation

    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.

    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.

    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
    7008 162Nd Ave Vancouver, WA 98682
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