1953 7th Ave, Longview, WA 98632
Two-story office building with long-term tenants and strong income.
- Added:
- Feb 28, 2025
- Days on Market:
- 493
- Last Refresh:
- Jun 29 at 9:03 pm
Property Features for 1953 7th Ave
General Information
- Standard status
- Active
- Size
- 13,950 SF
- Lot size
- 1.18 Acres
Listing office Woodford Commercial RE (360) 501-5500
Listing date Feb 28, 2025
Source Exprealty
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HighLights
- Strong, consistent income stream with an attractive 7.6% Cap Rate/Return
- Benefit from reliable long‑term tenants
- Significant renovations completed in 2004 and 2019
- Well‑maintained building spanning 13,950 SF across two floors with elevator access
- Situated on 51,130 SF of land across 4 separate tax parcels
- State‑occupied office complex
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $368.3k | $26.40 |
| − Vacancy | −$63.3k | −$4.54 |
| EGI | $304.9k | $21.86 |
| − OpEx | −$76.2k | −$5.46 |
| NOI | $228.7k | $16.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -122.924
- Latitude
- 46.144
