8315 119th St, Unit 10 Vancouver, WA 98662-1163
- Commercial real estate
- 8,760 SF
- 8.75 lot acres
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,585,000
- 7%
- $2,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,600,000
- Geo Method
- $2,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,455,000
- Retail
- $2,310,000
- Mixed-Use
- $2,635,000
- Hospitality
- $2,590,000
- Educational
- $2,195,000
- Residential Income
- $2,185,000
- Energy
- $2,250,000
- Income-Based Land
- $2,190,000
- Food Service
- $2,730,000
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
