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    Phase 3B-2 Discovery Rdg Ridgefield, WA 98642
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    Phase 3B-2 Discovery Rdg, Ridgefield, WA 98642

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    • Day care centers
    • 3,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for Phase 3B-2 Discovery Rdg

    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 3,800-square-foot medical office space is ideally situated in the thriving Discovery Ridge development in Ridgefield, Washington. Located in Clark County, this single-tenant property offers a versatile layout perfect for a variety of medical practices or related businesses. The building's total square footage is 3,800 square feet, with the entire space currently vacant and ready for immediate occupancy. The property is classified as both retail and office space, making it suitable for a range of uses within the medical or service sector, including daycare facilities. Its convenient location offers easy access from Interstate 5, with clear directions provided: From I-5, take Pioneer Street westbound, proceed through the roundabout, turn left onto 47th Way, and continue straight into the Discovery Ridge development. The property is easily identifiable, situated on the right, directly south of the Rosauers fueling station. The property's address is Discovery Ridge Phase 3B-2, Ridgefield, WA 98642. This presents a unique opportunity to establish a presence in a rapidly growing community with excellent visibility and accessibility. The property is zoned to accommodate medical office and related uses. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Clark
    State
    Washington
    Longitude
    -122.716
    Latitude
    45.8143

    Comparable in this City

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      203 179th St, Unit 37

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      17600 Delfel Rd, Unit 63

      MEDICAL BUILDING
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    • Value Estimation
      $2,710,000
      15,436 SF

      5515 Pioneer St

      MEDICAL BUILDING
      5515 Pioneer St, Ridgefield, WA 98642-3375
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    • Value Estimation by Request
      5.00 Acres

      30517 Paradise Park Rd

      Land
      30517 Paradise Park Rd, Ridgefield, WA 98642
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    • Value Estimation
      $12,855,000
      104,246 SF

      510 Pioneer St, Unit 54

      OFFICE (GENERAL)
      510 Pioneer St, Ridgefield, WA 98642-7661
      View Details

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      Vacant Lot in Downtown Ridgefield

      4,792 sq ft vacant lot in downtown Ridgefield.
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    Similar Nearby for Lease

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      Discovery Corridor Commercial Space

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      Commercial Space for Lease

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      Retail and Office Spaces Available

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      Industrial Land for Lease

      Graded, rocked, fenced laydown yard or equipment storage available.
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    Ridgefield, WA 98642
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    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
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