Dental Medical Office with Four
For Sale
Contact for pricing
1801 FIRST AVE, Longview, WA 98632
Configured dental suite with treatment, imaging, laboratory, and administrative areas.
Property Size1,983 SF
Price / SF$251.64
Days on Market60
Property Features for 1801 FIRST AVE
General Information
Standard status
Active
Size
1,983 SF
Class
B
Property subtype
Office
Zoning
Riverfront District (RF-1)
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Asking Price
$499,000
Utilities to Site
Yes
Office Units
1
Building Details
Year Built
1996
Buildings
1
Units
1
Listing Agency:
Windermere Commercial
(360) 636-4663
Listed By:
Paul Young · License #21011911
Source:
Crexi
Added: Jul 2
Changed: Aug 29
Last Checked: Aug 29 at 1:48PM
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 Windermere Commercial
Investment Insights
Based on property information with market context.
This 1,983-square-foot medical office in Longview is configured for dental operations, with four operatories, a reception and administrative area, an X-ray room, laboratory space, and a kitchenette with breakroom. Two in-suite restrooms support the layout, while the operatories include plumbing for both water and gas.
Built in 1996, the office is located at 1801 First Ave in Longview, Washington, serving the Longview-Kelso area. The property is zoned Riverfront District (RF-1) and is offered for sale as a purpose-built dental office configuration suitable for general or specialty dentistry.
Built in 1996, the office is located at 1801 First Ave in Longview, Washington, serving the Longview-Kelso area. The property is zoned Riverfront District (RF-1) and is offered for sale as a purpose-built dental office configuration suitable for general or specialty dentistry.
Key Highlights
- 1,983 SF medical office configured for dental use
- Four operatories with water and gas plumbing
- Dedicated X‑ray room and laboratory area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,200
$650.2K
Cap Rate 7%
$464,429
$464.4K
Cap Rate 9%
$361,222
$361.2K
Market Conditions
NOI Build-Up for 1,983 SF
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.
Gross rent
$52.4K $26.40/SF
− Vacancy
−$9.0K −$4.54/SF
EGI
$43.3K $21.86/SF
− OpEx
−$10.8K −$5.46/SF
NOI
$32.5K $16.39/SF
Area
Cowlitz County, WA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,200
Cap Rate 7%
$464,429
Cap Rate 9%
$361,222
Alternative Uses
Best Use
Office B
$464.4K
$406.4K – $541.8K
NOI $32,510 @ 7.0% cap · market cap 6.52%
Second Best
Healthcare Medical
$383.4K
$335.4K – $447.3K
NOI $26,835 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Configured dental suite with treatment, imaging, laboratory, and administrative areas.
Where is this medical office space located?
The property is located at 1801 FIRST AVE Longview, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,983 SF medical office configured for dental use; Four operatories with water and gas plumbing; Dedicated X‑ray room and laboratory area
