1685 W Commercial Boulevard

Ownership and recorded sale history

What has actually traded in Northwest Industrial

Recorded transactions for industrial properties in the northwest industrial blocks around West Commercial Boulevard, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $215/SF. Recorded sales of industrial properties in Northwest Industrial since 2021 have a median of $151/SF, across a range of $68/SF to $261/SF.

Across those 8 recorded sales, the median sale price came in at 1.01× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 104,990 SF this building is materially larger than the 60,736 SF median for industrial properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 97th percentile of industrial properties that have traded in this corridor — 1 of the 29 recorded sales were of larger buildings.

The assessment works out 42% above the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

The lot runs 4.1× the building footprint — 433,508 SF of land under 104,990 SF of structure. Ratios that wide are usually where expansion or redevelopment questions start.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage