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    536 S Royle Rd Ridgefield, WA 98642
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    536 S Royle Rd Ridgefield, WA 98642

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    • Commercial real estate
    • 17,076 SF
    For Lease
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    Discovery Corridor Commercial Space For Lease
    Contact for pricing

    Discovery Corridor Commercial Space

    Commercial space in growing Ridgefield, Washington, Discovery Corridor.

    536 S Royle Rd, Ridgefield, WA 98642
    View Listing
    Property ID
    US90-3201404
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 536 S Royle Rd

    Year built
    2021
    Property size
    17,076 SF
    Property type
    Commercial real estate

    Description

    This exceptional 17,076 square foot, single-story retail center, built in 2021, presents a unique investment opportunity in the thriving city of Ridgefield, Clark County, Washington. The property, zoned CRB (Regional Commercial Business), features eight available suites ranging from 1,518 to 16,776 square feet, catering to a variety of retail and office tenants. Its modern construction ensures energy efficiency and contemporary aesthetics, appealing to a broad range of businesses. The center's strategic location within a mixed-use overlay promises high visibility and accessibility, attracting significant foot traffic and customer engagement. Potential tenants can benefit from a generous tenant improvement allowance of $45 per square foot, facilitating seamless customization and branding. Annual rates start at $34.00 per square foot, with estimated NNN expenses of $7.00 per square foot. The estimated delivery of the shell space is May 2025, providing ample time for tenant build-out and preparation. This property offers a compelling blend of modern design, flexible space options, and a prime location, making it an ideal investment for discerning buyers seeking a strong return on investment in a rapidly growing market. The property's multiple tenancy structure allows for diverse business occupancy, creating a vibrant and dynamic retail environment. Its single-building design simplifies management and maintenance, enhancing operational efficiency. The CRB zoning ensures flexibility for a wide range of commercial uses, maximizing the property's potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgefield
    County
    Clark
    State
    Washington
    Longitude
    -122.7028872
    Latitude
    45.8084165

    Comparable in this City

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      Discovery Corridor Commercial Space

      Commercial space in growing Ridgefield, Washington, Discovery Corridor.
      536 S Royle Rd, Ridgefield, WA 98642
      View Details
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      Office Space Near Fairgrounds

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      Ridgefield Commercial Property for Rent

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      Development Parcels near I-5

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      Retail and Office Spaces Available

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      203 NE 179Th St, Ridgefield, WA 98642
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      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

      Ridgefield Commercial Property for Rent

      Commercial property for rent east of I-5 in Ridgefield, WA.
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      View Details
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      Industrial & Office Space Available

      6,451 SF total industrial and office space for lease.
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    View Listing
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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.

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