Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3143 Ocean Beach Hwy Longview, WA 98632

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8000 SF mixed-use building with apartments in Longview, WA.

    Property size:
    8,000 SF

    Property Features for 3143 Ocean Beach Hwy

    General Information

    Standard status
    Active
    Size
    8,000 SF

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    Ann E Furman
    Source: Exitrealty

    Listing Agency: Realty One Group NorthStars Listing Agent: Ann E Furman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Building in High-Traffic Area

    This 8000 square foot mixed-use building features three floors and includes two apartments, offering the opportunity to live and work in the same location. Situated on a busy street in Longview, Washington, the property benefits from a high traffic volume, with approximately 33,000 vehicles per day. The building is located across from Fred Meyer. The property presents an opportunity to maximize its potential.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.96509
    Latitude
    46.1475828

    Nearby Similar for Sale

    • $469,900

      Longview Multifamily Investment Opportunity

      Multifamily property with long-term tenants in a prime location.
      823 8Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      New Longview Fourplex For Sale

      New, fully occupied fourplex in Longview, WA with strong returns.
      257 20Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      New Income-Producing Longview Fourplex

      Newly built, fully occupied fourplex in Longview, WA. Strong returns.
      285 22Nd Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      New Longview Fourplex For Sale

      New fourplex in Longview, WA, fully occupied and income-producing.
      259 20Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      Remodeled Longview Fourplex For Sale

      Income-producing fourplex with remodeled units and strong returns.
      263 20Th Ave, Longview, WA 98632
      View Details
    • $2,900,000
      20,540 SF

      Mixed-Use Warehouses with Retail Potential

      Three warehouses with showroom, storage, and large laydown areas.
      638 Commerce Ave, Longview, WA 98632
      View Details
    • $498,000

      Versatile Mixed-Use Commercial/Industrial Property

      Two-story commercial property with mixed-use zoning, ideal for various business.
      537 14Th Ave, Longview, WA 98632
      View Details
    • $3,499,999

      Longview Office Building For Sale

      Two-story office building with long-term tenants and strong income.
      1953 7Th Ave, Longview, WA 98632
      View Details
    • $929,900
      0.28 Acres

      Prime Longview Restaurant Opportunity

      High-traffic location, spacious building, huge potential.
      1071 15Th Ave, Longview, WA 98632
      View Details
    • $1,425,000

      Longview Warehouse: Prime Corner Lot

      High-visibility warehouse, office, & yard.
      660 California Way, Longview, WA 98632
      View Details
    • $2,450,000

      Longview Commercial Building Investment

      High-Yield Office/Retail Property in Longview
      717 Vandercook Way, Longview, WA 98632
      View Details
    • $184,900

      Belfair Condo in West Longview

      Spacious 2 bed, 1.5 bath condo with updated features.
      2005 Tibbetts Dr, Longview, WA 98632
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 8000 SF mixed-use building with apartments in Longview, WA.
    Where is this mixed-use property located?
    The property is located at 3143 Ocean Beach Hwy Longview, WA.
    What are key features of this property?
    This property features: - High-traffic location with approximately 33,000 VPD.; - Substantial 8,000 sq ft building with three floors.; - Includes two apartments, offering live-work flexibility.
    (360) 916-1234
    Request Owner's contact information
    3143 Ocean Beach Hwy Longview, WA 98632
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3143 Ocean Beach Hwy
    Longview, WA 98632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3143 Ocean Beach Hwy Longview, WA 98632
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ann E Furman
    Real Estate License ID: 94285
    (360) 916-1234
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!