Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27312 NE 10Th Ave Ridgefield, WA 98642
    Back to Search
    Property profile & analytics

    27312 NE 10Th Ave Ridgefield, WA 98642

    View on Map
    • Flex space
    • 5,000 SF
    • 0.55 lot acres
    For Lease
    $1,300,000
    View Listing →
    Commercial Space for Lease For Lease
    $1,300,000

    Commercial Space for Lease

    Commercial property available for lease in Ridgefield, Washington.

    27312 NE 10th Ave, Ridgefield, WA 98642
    View Listing
    Property ID
    US90-2731476
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,300,000
    Cap Rate Potential
    2.8%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 27312 NE 10Th Ave

    Year built
    2022
    Lot size
    0.55 lot acres
    Property size
    5,000 SF
    Zone code
    E : RGF
    Property type
    Flex space
    APN
    986056-187
    APU
    986056187

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,330,000
      ML approach
      $1,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,502,000
      Market price range: $512k - $1.98M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $970,000
      Current use
      RETAIL STORES
      $1,555,000
      Change: +60% Conversion: Moderate
      RESTAURANT
      $1,495,000
      Change: +54% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,385,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $1,340,000
      Change: +38% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,215,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $985,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Clark
    State
    Washington
    Longitude
    -122.664
    Latitude
    45.8192
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,718
    $116,342
    $933,394
    $1,049,736
    -
    $116,342
    $933,394
    $1,049,736

    Comparable in this City

    • Value Estimation
      $515,000
      5,000 SF

      27304 10th Ave

      LIGHT INDUSTRIAL • 5,000 SF
      27304 10th Ave, Ridgefield, WA 98642-5202
      View Details
    • Value Estimation by Request
      2,400 SF

      7509 5th St Ste, Unit 117

      LIGHT INDUSTRIAL • 2,400 SF
      7509 5th St Ste, Ridgefield, WA 98642-7158
      View Details
    • Value Estimation by Request
      2,400 SF

      7509 5th St Ste, Unit 119

      LIGHT INDUSTRIAL • 2,400 SF
      7509 5th St Ste, Ridgefield, WA 98642-7158
      View Details
    • Value Estimation
      $2,140,000
      5,000 SF

      27300 10th Ave

      LIGHT INDUSTRIAL • 5,000 SF
      27300 10th Ave, Ridgefield, WA 98642-5202
      View Details
    • Value Estimation by Request
      2,700 SF

      7509 5th St Ste, Unit 102

      LIGHT INDUSTRIAL • 2,700 SF
      7509 5th St Ste, Ridgefield, WA 98642-7157
      View Details
    • Value Estimation by Request
      2,400 SF

      7509 5th St Ste, Unit 118

      LIGHT INDUSTRIAL • 2,400 SF
      7509 5th St Ste, Ridgefield, WA 98642-7158
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • New
      $314,900
      0.23 Acres

      Residential Land in Ridgefield, WA

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

      Ridgefield Land Opportunity

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

      34.84 Acres Vacant Land Portfolio

      34.84 acres of vacant land ready for development.
      N 65Th Ave, Ridgefield, WA 98642
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial & Office Space Available

      6,451 SF total industrial and office space for lease.
      7075 S 5Th St, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      Discovery Corridor Commercial Space

      Commercial space in growing Ridgefield, Washington, Discovery Corridor.
      536 S Royle Rd, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease in Ridgefield, Washington.
      27312 NE 10Th Ave, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      Industrial Land for Lease

      Graded, rocked, fenced laydown yard or equipment storage available.
      19708 Northeast 10Th Ave, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for rent.
      203 NE 179Th St, Ridgefield, WA 98642
      View Details
    • Contact for pricing

      Office Space Near Fairgrounds

      Multi-use building with flexible office suites available for rent.
      203 NE 179Th St, Ridgefield, WA 98642
      View Details
    View Listing
    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.
    27312 NE 10Th Ave
    Ridgefield, WA 98642
    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
    27312 NE 10Th 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!