Add Listing
    For Lease
    • 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

    1414 Commerce Way Woodburn, OR 97071

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial land available for lease in Woodburn near I-5.

    Type:Industrial
    Added:
    Jun 23, 2023
    Days on Market:
    1031
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 1414 Commerce Way

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 1414 Commerce Way Contact us

    Available Space $0.85 /Mo

    Size
    Type
    Industrial
    Lease Rate: $0.85/SF/month (NNN)rnEstimated NNNs: $0.32/SF/month (NNN) rnOffice Surcharge:...
    show more
    Contact us

    We can help!

    Listing Contact
    Clayton Madey

    Listing agent Clayton Madey License #OR 201727196

    Listing office Macadam Forbes

    Listing date Jun 23, 2023

    Source Crexi

    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 Macadam Forbes

    Overview

    Industrial Parcel in Woodburn, Oregon

    One of the last industrial parcels available in Woodburn and the surrounding region is available for lease. The property is located along the I-5 corridor in Woodburn, Oregon, less than 30 miles from both Portland and Salem. A 65,004 square foot freestanding building is planned for the site, with an estimated completion in Q1 2026.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.845399
    Latitude
    45.149762

    Nearby Similar for Lease

    • $0.70/mo

      Woodburn Warehouse with Office Space

      Warehouse space with office, dock doors, and ample parking.
      2701 N Front St, Woodburn, OR 97071
      View Details
    • Contact for pricing

      Industrial Space with Secured Yard

      70,000 SF industrial space with ample parking and secured yard.
      Woodburn, OR 97071
      View Details
    • Contact for pricing

      Retail Space on Mt Hood

      Retail space with visibility on Hwy 99E and Hwy 214.
      1755 Mt Hood Ave, Woodburn, OR
      View Details
    • $9/mo

      Woodburn Warehouse Space Available

      15,950 square foot warehouse space for lease in Woodburn.
      2500 National Way, Woodburn, OR
      View Details
    • $0.85/mo

      Woodburn Warehouse with Paved Yard

      70,000 SF warehouse with paved yard for lease.
      3099 N Pacific Hwy, Woodburn, OR
      View Details
    • Contact for pricing

      Retail Space on Mt Hood

      Retail space with visibility on Hwy 99E and Hwy 214.
      1543 Mt Hood Ave, Woodburn, OR
      View Details
    • Contact for pricing

      Land for Lease or Build

      Retail space available for lease, ground lease or build-to-suit.
      300 Woodland Ave, Woodburn, OR
      View Details
    • Contact for pricing

      Industrial Land Ready to Build

      Industrial land available for rent, ready for immediate construction.
      2701 N Front St, Woodburn, OR
      View Details
    • Contact for pricing

      Woodburn Warehouse with 20' Clearance

      12,000 SF warehouse space with light industrial zoning.
      310-350 Broadway St, Woodburn, OR
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru Potential

      Prime retail location with high visibility and drive-thru potential.
      948 N Pacific Hwy, Woodburn, OR
      View Details
    • Contact for pricing

      Woodburn Commercial Center Land Opportunity

      Land available in Woodburn's primary commercial intersection.
      1550 N Pacific Hwy, Woodburn, OR
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease located SE of Hwy 99E.
      SE of Hwy 99E & Hwy 211/Hwy 214, Woodburn, OR 97070
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land available for lease in Woodburn near I-5.
    Where is this industrial land located?
    The property is located at 1414 Commerce Way Woodburn, OR.
    What are key features of this property?
    This property features: 65,004 SF freestanding building with estimated completion in Q1 2026.; Located on the I‑5 corridor.; One of the last industrial parcels available in Woodburn and the region.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clayton Madey
    Real Estate License ID: OR 201727196
    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!