1212 4th Pln Blvd, Unit 45 Vancouver, WA 98660-2023
- Warehouses
- 37,640 SF
- 1.89 lot acres
Aug 12, 2024
Current Use by Public Records
- Warehouses
Property Details for 1212 4th Pln Blvd
- Year built
- 1951
- Construction
- CONCRETE
- Lot size
- 1.89 lot acres
- Property size
- 37,640 SF
- Zone code
- IL : VAN
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 000109-000
- APU
- 109000
Description
This exceptional 25,000-square-foot industrial warehouse is ideally situated in Vancouver, Washington, offering unparalleled access to major transportation arteries. Located just off Interstate 5, this single-tenant property boasts a strategic position, only three miles from Portland, Oregon, and a convenient twelve-mile commute to Portland International Airport. The warehouse itself features a spacious 25,000 square feet of functional space, complemented by approximately 4,000 square feet of dedicated office and break room areas, providing ample room for administrative functions and employee comfort. Loading and unloading are facilitated by two dock-high doors and one ground-level door, ensuring efficient operations. The warehouse boasts a generous 17-foot clear height, maximizing storage capacity and accommodating various equipment and inventory needs. Power is robust, with a 1600-amp, three-phase electrical service. Ample parking is available with 30 spaces provided on-site. The rental rate is flexible, ranging from $0.85 per square foot to $1.10 per square foot, with an additional $0.18 per square foot for certain amenities. This property presents a compelling investment opportunity in a high-demand location with excellent access to transportation and a strong local economy. The combination of size, features, and location makes this warehouse an attractive option for a variety of businesses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,500,000
- ML approach
- $5,500,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,820,000
- 6.5%
- $5,370,000
- 7%
- $4,985,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,177,000
Market price range: $2.88M - $8.28M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,985,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,685,000 Change: +74% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $7,815,000 Change: +57% Conversion: Easy
- COMMERCIAL (GENERAL)
- $7,550,000 Change: +51% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.684
- Latitude
- 45.6408
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
