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    1370 Port Dr Clarkston, WA 99403

    For Sale
    $4,500,000

    67,832 SF Warehouse, 4.20% Cap Rate

    Property size:
    67,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully occupied, multi-tenant industrial warehouse totaling 67,832 square feet, situated at 1370 Port Dr, Clarkston, WA 99403. The property boasts a strong 4.20% capitalization rate with a Net Operating Income (NOI) of $189,071 and an asking price of $4,500,000 ($66.34/SF). Built in 1977, this warehouse sits on a 5.21-acre lot (APN: 11320001200030000) and is zoned HI. The building features 33 dock-high doors and 2 grade-level doors, providing ample loading capabilities. Clear ceiling height reaches 25 feet, and the property includes a wet sprinkler system. The space is comprised of 61,992 square feet of warehouse/distribution space and 5,840 square feet of office space (approximately 8.6%). Current tenants include FedEx, Rousseau Co., XPO Logistics Freight, and Clearwater Paper. Recent improvements include a new membrane roof (2010) and exterior paint (2021). This property offers significant repositioning opportunities due to shorter-term leases and presents an attractive low entry basis, below replacement value. Its prime location in the Port of Clarkston provides easy access to major highways and Lewiston, Idaho, offering strong logistical advantages for both investors and owner-users.

    Property Features for 1370 Port Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    67,832 SF
    Lot Size
    226,948 SF

    Building Details

    Year Built
    1977

    HighLights

    • $4,500,000 asking price, 4.20% cap rate, $189,071 NOI.
    • 67,832 square foot warehouse on a 5.21‑acre lot in Clarkston, WA.
    • Multi‑tenant building with strong tenants including FedEx, Rousseau Co., XPO Logistics, and Clearwater Paper.
    • Features 33 dock‑high doors, 2 grade‑level doors, and 25' clear ceiling height.
    • Building includes 61,992 SF of warehouse space and 5,840 SF of office space.
    • Recent improvements include a new membrane roof (2010) and exterior paint (2021).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Asotin
    State
    Washington
    Longitude
    -117.06145955249
    Latitude
    46.423871971263

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    FAQs

    What type of property is this?
    Distribution property - 67,832 SF Warehouse, 4.20% Cap Rate
    Where is this distribution property located?
    The property is located at 1370 Port Dr Clarkston, WA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price, 4.20% cap rate, $189,071 NOI.; 67,832 square foot warehouse on a 5.21-acre lot in Clarkston, WA.; Multi-tenant building with strong tenants including FedEx, Rousseau Co., XPO Logistics, and Clearwater Paper.
    Request Owner's contact information
    1370 Port Dr Clarkston, WA 99403
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    Clarkston, WA 99403
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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
    1370 Port Dr Clarkston, WA 99403
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