Two-Story State Office
For Sale
Contact for pricing
1953 7th Ave, Longview, WA 98632
Two-floor office building with elevator service and extensive renovations, offered with established long-term tenancy.
Property Size13,950 SF
Price / SF$250.90
Days on Market518
Property Features for 1953 7th Ave
General Information
Standard status
Active
Size
13,950 SF
Property subtype
OFFICE
Listing Agency:
Woodford Commercial Real Estate
(360) 556-5101
Listed By:
Chris Roewe · License #23495
(360) 556-5101
Source:
Moodyscre
Added: Feb 27, 2025
Changed: Jul 28
Last Checked: Jul 28 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodford Commercial Real Estate
Investment Insights
Based on property information with market context.
Pioneer Plaza is a well-maintained, state-occupied office complex comprising 13,950 square feet across two floors with convenient elevator access. The property has been renovated and upgraded over time, including significant renovations in 2004 and 2019, along with multiple interior improvements. It is located on four separate tax parcels and totals 51,130 square feet of land.
The offering is presented with long-term tenants and a described investment profile of a 7.6% cap rate/return.
Overall, the asset is configured as a multi-office, two-story office facility supported by a building-wide maintenance and renovation history, with the current tenancy providing steady income per the seller’s remarks.
The offering is presented with long-term tenants and a described investment profile of a 7.6% cap rate/return.
Overall, the asset is configured as a multi-office, two-story office facility supported by a building-wide maintenance and renovation history, with the current tenancy providing steady income per the seller’s remarks.
Key Highlights
- State‑occupied, two‑floor office complex totaling 13,950 SF with elevator access
- 4 separate tax parcels totaling 51,130 SF of land
- Significant renovations completed in 2004 and 2019, plus multiple interior upgrades over the years
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 |
13,950 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.81M
NOI $228,702 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.60M
$4.02M – $5.36M
NOI $321,729 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-floor office building with elevator service and extensive renovations, offered with established long-term tenancy.
Where is this office building located?
The property is located at 1953 7th Ave Longview, WA.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: State‑occupied, two‑floor office complex totaling 13,950 SF with elevator access; 4 separate tax parcels totaling 51,130 SF of land; Significant renovations completed in 2004 and 2019, plus multiple interior upgrades over the years
