Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    34.84 Acres Vacant Land Portfolio Title is generated by Realmo AI

    N 65th Ave, Ridgefield, WA 98642

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

    34.84 acres of vacant land ready for development.

    Type:Land
    Lot size:
    34.84 Acres
    Added:
    May 24, 2024
    Days on Market:
    729
    Last Refresh:
    May 12 at 8:40 pm

    Property Features for N 65th Ave

    General Information

    Standard status
    Active
    Lot size
    34.84 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jim West

    Listing agent Jim West License #WA

    Listing office Jim West Commercial Real Estate

    Listing date May 24, 2024

    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 Jim West Commercial Real Estate

    HighLights

    • 34.84 Acres (1,517,630 SF) of Vacant Land
    • Zoned CRB (Commercial Regional Business)
    • CNB (Commercial Neighborhood Business) overlay
    • Located along the Pioneer Street Development Corridor
    • Located North of Clark College
    • Located at Boschma Farms development

    Overview

    This offering features a 5-parcel portfolio consisting of 34.84 acres (1,517,630 SF) of vacant land, suitable for development. The property is zoned CRB (Commercial Regional Business) and has a CNB (Commercial Neighborhood Business) overlay. It is located north of Clark College at Boschma Farms development, along the Pioneer Street Development Corridor.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ridgefield
    County
    Clark
    State
    Washington
    Longitude
    -122.682249
    Latitude
    45.815747

    Nearby Similar for Sale

    • $539,000

      Ridgefield Acre Lot in Gated Community

      Rare, private, nearly one-acre lot in gated Ridgefield community.
      16907 NE 24TH Ave, Ridgefield, WA 98642
      View Details
    • $149,999

      Vacant Lot in Downtown Ridgefield

      Vacant 4,792 sq ft lot in downtown Ridgefield, WA.
      120 S main Ave, Ridgefield, WA 98642
      View Details
    • $314,900

      Residential Land in Ridgefield, WA

      Premium lot for custom home with convenient access to amenities.
      2006 NE 159TH St, Ridgefield, WA 98642
      View Details
    • $329,900

      Ridgefield Vacant Land Opportunity

      Secluded 10-acre wooded property near downtown Ridgefield.
      0 S 4th Drive, Ridgefield, WA 98642
      View Details
    • $1,300,000

      Ridgefield Industrial Development Land Available

      2.60 AC industrial development land with I-5 frontage.
      408 NE 199th St, Ridgefield, WA 98642
      View Details
    • $329,900

      Ridgefield Land Opportunity

      Wooded 10-acre oasis near downtown Ridgefield.
      S 4th Dr, Ridgefield, WA 98642
      View Details
    • Contact for pricing
      46 SF

      Development Parcels off I-5

      Two contiguous development parcels totaling 46.48 acres off I-5.
      20004-20402 NE 10th Avenue, Ridgefield, WA 98642
      View Details
    • $1,295,000
      26,657 SF

      Retail Space on Pioneer Street

      26,657 SqFt retail space available for sale.
      4784 Pioneer St, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      30.11 Acres of Land

      30.11 acres of land zoned for employment uses.
      Ridgefield, WA 98642
      View Details
    • Contact for pricing

      71.63 Acres Vacant Land Portfolio

      Development-ready land portfolio near Pioneer Street Development Corridor.
      0 S 5th Street, Ridgefield, WA
      View Details
    • Contact for pricing

      Ridgefield Vacant Land For Development

      10.61 acres of vacant land ready for development.
      0 N 65th Ave, Ridgefield, WA
      View Details
    • $1,100,000

      3.4 Acre Commercial Land Site

      3.4 acre commercial land near I-5 interchange.
      18210 NE DELFEL Rd, Ridgefield, WA 98642
      View Details

    FAQs

    What type of property is this?
    Commercial land - 34.84 acres of vacant land ready for development.
    Where is this commercial land located?
    The property is located at N 65th Ave Ridgefield, WA.
    What are key features of this property?
    This property features: 34.84 Acres (1,517,630 SF) of Vacant Land; Zoned CRB (Commercial Regional Business); CNB (Commercial Neighborhood Business) overlay
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jim West
    Real Estate License ID: WA
    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

    Thank You for Inquiry
    N 65th Ave, Ridgefield, WA 98642
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!