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Property profile & analytics
OFF-MARKET Estimated value $1,515,000
Medical Office Space

203 179th St 37 Ridgefield, WA 98642-5758

12,362 SF 1.04 ac lot Built 2013
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US90-3274657
Property summary
AI-generated overview

This exceptional 7,702 square foot commercial property, located at 203 NE 179th St in Clark County, offers two available suites perfect for executive offices or retail businesses. Suite 1 encompasses 3,989 square feet, while Suite 2 provides 3,713 square feet. The building is anchored by a prominent dental practice, ensuring a stable and desirable location. The property boasts ample surface parking, convenient access to Interstate-5 and the Ridgefield/Fair Grounds exit, and is situated in a high-income demographic area within Ridgefield, one of Washington's ten fastest-growing cities. This presents a unique opportunity to establish a presence in a thriving community with hundreds of events annually at the nearby Clark County Fairgrounds. The property features multiple layout options and offers a generous tenant improvement allowance. Lease rates are $20.00 to $22.00 per square foot per year, on a triple net (NNN) basis. The property is ideally suited for professional offices and retail uses, including restaurants, catering to high-income clientele.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2013
Construction WOOD
Total area 12,362 SF
Lot 1.04 ac (45,302 SF)
Zoning code GC : CLK
APN 182171-000
UPID US90-3274657
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. David K. Chan, DMD Dental Office
  • Clark county fairgrounds rv & storage Hotel & Motel Bed & Breakfast
  • Clark County Fairgrounds RV Park & Storage Campground & RV Park
  • Northwest Smile Designs Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$956k
Blend (final) Blend
$1.52M
Owner & transaction history
Chan Properties LLC · 13 yrs held
Chan Properties LLC
since 2012
7 recorded transactions
2012
Price N/A
2004
Price N/A
2004
$265,000
2002
Price N/A
1998
$186,027
1988
Price N/A
1969
Price N/A
Zoning & alternative use
GC : CLK · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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