This exceptional 10,000-square-foot medical office building presents a unique investment opportunity in Ridgefield, Washington. Situated on a prominent corner lot at 5801 Pioneer Street, this two-story building offers a single-tenant occupancy with the entire space currently vacant. The property boasts a highly desirable Commercial Regional Business zoning classification within Clark County. Its strategic location at the southwest corner of I-5 and Pioneer Street provides unparalleled visibility and accessibility. The surrounding area is anchored by a significant concentration of national retailers, including Chevron, Costco, Tractor Supply Co., a future In-N-Out Burger, Starbucks, and Chick-fil-A, ensuring high traffic and strong consumer demographics. This prime location offers excellent potential for a variety of medical practices or businesses seeking a high-profile presence in a thriving community. The building's 10,000 square feet are spread across two stories, providing ample space for a variety of configurations. The property's address is 5801 Pioneer St, Ridgefield, WA 98642. This is a rare opportunity to acquire a substantial commercial property in a rapidly growing area with exceptional visibility and access. Further details are available upon request.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$523,062
6.5%
$482,826
7%
$448,339
Comparable approach
Method
Valuation
Relative Method
$323,658
Geo Method
$323,658
Alternative Use
Use
Valuation
Industrial / Distribution
$958,469
Mixed-Use / Specialty
$474,271
Hospitality / Lodging
$339,061
Office
$464,336
Institutional / Educational
$490,609
Residential Income
$574,012
Multifamily
$726,323
Automotive / Energy
$420,522
Parking / Income-Based Land
$151,868
Restaurant / Food Service
$232,088
Healthcare / Senior Housing
$493,364
Location Insight
City
Ridgefield
County
Clark
State
Washington
Latitude
45.8154
Longitude
-122.689
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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