203 179Th StRidgefield, WA 98642

Property Details for 203 179Th St

Year built

2013

Construction

WOOD

Lot size

1.04 AC

Property size (Sq ft)

12,362 SF

Zone code

GC : CLK

Property type

Medical offices

Property subtype

Medical centers

APN

182171-000

APU

182171000

Description

This exceptional 7,702 square foot commercial property, located at 203 NE 179th St in Clark County, offers two available suites perfect for executive offices or retail businesses. Suite 1 encompasses 3,989 square feet, while Suite 2 provides 3,713 square feet. The building is anchored by a prominent dental practice, ensuring a stable and desirable location. The property boasts ample surface parking, convenient access to Interstate-5 and the Ridgefield/Fair Grounds exit, and is situated in a high-income demographic area within Ridgefield, one of Washington's ten fastest-growing cities. This presents a unique opportunity to establish a presence in a thriving community with hundreds of events annually at the nearby Clark County Fairgrounds. The property features multiple layout options and offers a generous tenant improvement allowance. Lease rates are $20.00 to $22.00 per square foot per year, on a triple net (NNN) basis. The property is ideally suited for professional offices and retail uses, including restaurants, catering to high-income clientele.

• CAP approach

  CAP return

  Valuation

  6%

  $3,848,060

  6.5%

  $3,552,060

  7%

  $3,298,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,380,670

  Geo Method

  $2,380,670

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,332,050

  Retail / Commercial

  $3,693,500

  Mixed-Use / Specialty

  $3,628,060

  Hospitality / Lodging

  $2,593,730

  Institutional / Educational

  $3,753,030

  Residential Income

  $4,391,050

  Multifamily

  $5,556,190

  Automotive / Energy

  $3,216,890

  Parking / Income-Based Land

  $1,161,760

  Restaurant / Food Service

  $1,775,410

  Healthcare / Senior Housing

  $3,774,110

Location Insight

City

Ridgefield

County

Clark

State

Washington

Latitude

45.7502

Longitude

-122.668

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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