Building Details

Year built 1972

Building materials Brick, Stone, WoodSiding

Roof type Metal

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Jesse Morgen · License #93823 Show Phone

Added: Mar 31 Changed: Nov 2 Last Checked: Nov 6 at 12:06PM

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MLS# 191659749

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,840-square-foot retail property was built in 1972 and sits on a 0.24-acre parcel. Exterior materials include brick, stone, and wood siding, with a metal roof. The building is equipped with forced-air heating and heat-pump cooling.

The property is at 1304 Ocean Beach Hwy in Longview, Washington. The property information identifies its zoning as City.

Key Highlights

• 1,840 square feet of retail space
• 0.24‑acre parcel
• Built in 1972

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,210

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$444,200 $444.2K

Cap Rate 7%

$317,286 $317.3K

Cap Rate 9%

$246,778 $246.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,840 SF

Gross rent

$33.1K $18.00/SF

− Vacancy

−$1.4K −$0.76/SF

EGI

$31.7K $17.24/SF

− OpEx

−$9.5K −$5.17/SF

NOI

$22.2K $12.07/SF

Area

Cowlitz County, WA

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$444,200

Cap Rate 7%

$317,286

Cap Rate 9%

$246,778

Alternative Uses

Best Use

Retail

$317.3K

$277.6K – $370.2K (±1% cap)

NOI $22,210 @ 7.0% cap · market cap 3.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$606.2K

$530.5K – $707.3K (±1% cap)

NOI $42,436 @ 7.0% cap · market cap 6.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hannah's Hair Salon Hair Salon

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,141

Businesses Nearby

540k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Shops & Services 23% Groceries 15% Apparel 12%

WinCo Foods Groceries

67,429 visits/mo 0.3 miles

McDonald's Dining

35,428 visits/mo 0.3 miles

Ross Dress for Less Apparel

34,954 visits/mo 0.1 miles

Michaels Shops & Services

29,925 visits/mo 0.2 miles

Big Lots Superstores

27,779 visits/mo 0.4 miles

Demographics for 98632, WA

50,721

Population

21,787

Households

2.3

Avg Household Size

41

Median Age

16%

College-Educated

90%

High-School Grad

121.4 sq mi

ZIP Area

418

Density / Sq Mi

$64,705

Median Household Income

$40,928

Median Earnings

$1,142

Median Rent

$355,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - A 1,840-square-foot commercial space in Longview includes forced-air heating and heat-pump cooling.

Where is this retail space located?

The property is located at 1304 OCEAN BEACH Hwy Longview, WA.

What is the asking price?

The asking price for this property is $680,000.

What are key features of this property?

This property features: 1,840 square feet of retail space; 0.24‑acre parcel; Built in 1972