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Property profile & analytics
OFF-MARKET Estimated value $1,180,000
Auto shops

4801 3rd Way Ridgefield, WA 98642-2328

9,924 SF 3.8 ac lot Built 2023
Entity Owned Free & Clear
Property ID
US90-1921680
Property summary
AI-generated overview

This exceptional 1.872-acre commercial land parcel presents a unique investment opportunity in the thriving city of Ridgefield, Washington. Located at 4801 S 3rd Way, this property is zoned CCB (Commercial Community Business) and offers significant potential for development. The site enjoys a highly desirable location, shadow-anchored by a Rosauers full-service grocery store, ensuring strong visibility and convenient access for potential businesses. Its proximity to Interstate 5 and Pioneer Street (Ridgefield's "Main Street") provides excellent connectivity and accessibility. The surrounding area boasts a high average household income exceeding $136,000 within a 5-mile radius, indicating a strong consumer base. Ridgefield itself is experiencing remarkable growth, ranking among the top ten fastest-growing cities in Washington State in 2023. While the deed restricts the property to tire sales/service, this presents a focused niche market opportunity. This parcel offers a compelling combination of location, zoning, and market dynamics, making it an attractive investment for discerning buyers. The asking price is $1,150,000. The property is situated in Clark County, WA, zip code 98642.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2023
Total area 9,924 SF
Lot 3.8 ac (165,528 SF)
Zoning code CCB : RGF
APN 986052-545
UPID US90-1921680
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
  • Les Schwab Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.18M
Owner & transaction history
Les Schwab Tire Centers Of Wa LLC
Les Schwab Tire Centers Of Wa LLC
since 2025
4 recorded transactions
2025
Price N/A
2024
$1.1M
2023
Price N/A
2022
$1.4M
Zoning & alternative use
CCB : RGF · Ridgefield, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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