803 Vandercook WayLongview, WA 98632

Property Details for 803 Vandercook Way

Year built

1962

Lot size

0.24 AC

Property size (Sq ft)

9,590 SF

Property type

Office buildings

APN

8975

APU

8975

Description

This exceptional mixed-use investment property, located at 803 Vandercook Way in Longview, Washington, presents a compelling opportunity. The 9,430 square foot building, situated on a 10,568 square foot lot in the Central Business District (CBD), boasts 14 units spread across two stories. Built in 1962 and extensively renovated in 2023 and 2024, the property offers a blend of office and retail spaces, currently enjoying 100% occupancy. The strong tenant base, with multiple businesses operating for over five years, generates a substantial Net Operating Income (NOI) of $70,912, translating to a 5.96% capitalization rate. The asking price is $1,190,000. Significant upside potential exists through future rent increases as leases renew, and there's potential for expansion within the existing common area. This fully occupied, high-yield property is an excellent addition to any investment portfolio. The property's APN is 08975 and its zip code is 98632. The property is located in Cowlitz County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,633,990

  6.5%

  $2,431,375

  7%

  $2,257,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,846,842

  Geo Method

  $1,846,842

• Alternative Use

  Use

  Valuation

  Residential

  $3,014,905

  Hospitality

  $2,761,636

  Educational

  $2,297,649

  Medical

  $2,376,669

  Retail

  $3,574,121

Location Insight

City

Longview

County

Cowlitz

State

Washington

Latitude

46.1443

Longitude

-122.924

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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