8315 119th St, Unit 10 Vancouver, WA 98662-1163
- Commercial real estate
- 8,760 SF
- 8.75 lot acres
Apr 22, 2025
Current Use by Public Records
- Commercial real estate
Property Details for 8315 119th St
- Year built
- 1988
- Lot size
- 8.75 lot acres
- Property size
- 8,760 SF
- Zone code
- IL : CLK
- Property type
- Commercial real estate
- APN
- 199380-000
- APU
- 199380000
Description
This exceptional 14.24-acre industrial property in Vancouver, Washington, is offered at $4,000,000. Zoned IL- Light Industrial, this level and cleared site boasts convenient access to Hwy 503, St Johns Rd, and I-205. The property includes three tax parcels sold together (will not be split), featuring a 1,160 sq ft house/office (3 bedrooms, 1.5 baths) with a 396 sq ft detached garage, all situated on a septic system. Three existing buildings offer significant potential: Building #1 (50x100) has a 20' clear height, two 14'h x 16'w overhead doors, a double slider of the same size, a personnel door, and concrete flooring (64' finished, 36' unfinished). Building #2 (24x50) features a 12' clear height, a 12'h x 16'w overhead door, and a smaller rear overhead door. Building #3 (32x80) offers a 14' clear height, an 8'h x 12'w overhead door, a 12x12 metal double slider, a personnel door, 60' of finished concrete floor, and 20' unfinished. Building #3 also includes a restroom with a sink, toilet, and shower. All buildings are clean, ready for immediate occupancy, and connected by a 20' wide asphalt roadway. Two ingress/egress points provide direct access to NE 119th St. 220V power is available in Buildings #1 and #3. This property presents a unique opportunity for industrial development or expansion.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,645,000
- ML approach
- $2,645,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,955,000
- 6.5%
- $1,805,000
- 7%
- $1,675,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,603,000
Market price range: $1.60M - $2.94M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,080,000 Current use
- RESTAURANT
- $2,905,000 Change: +40% Conversion: Difficult
- RETAIL STORES
- $2,800,000 Change: +35% Conversion: Easy
- MEDICAL BUILDING
- $2,405,000 Change: +16% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,140,000 Change: +3% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $2,020,000 Change: -3% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,820,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Vancouver
- County
- Clark
- State
- Washington
- Longitude
- -122.588
- Latitude
- 45.7067
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
