Two-Story Mixed-Use
For Sale
Contact for pricing
711 & 717 Vandercook Way, Longview, WA 98632
Office and retail configuration with multiple spaces, substantial parking, and recent updates to most suites.
Property Size11,562 SF
Price / SF$207.58
Days on Market11
Property Features for 711 & 717 Vandercook Way
General Information
Standard status
Active
Size
11,562 SF
Property subtype
Retail
Additional Details
Cap Rate
7%
Corner Location
Yes
Office Units
7
Building Details
Buildings
1
Stories
2
Building Size
11,562 SF
Tenancy
Multi
Listing Agency:
Woodford Commercial Real Estate
Listed By:
Chris Roewe · License #23495
(360) 501-5500
Source:
Crexi
Added: Aug 31
Changed: Sep 9
Last Checked: Sep 10 at 9:18AM
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.
This two-story mixed-use property contains approximately 11,562 square feet arranged across 7 commercial spaces for office and retail occupancy. Most spaces have received updates within the past 5 years, providing refreshed interiors across the majority of the building. The property also includes a large parking lot and a rear parking easement.
Located at 711 & 717 Vandercook Way in Longview, WA, the building occupies a corner position with signage and visibility features. A 7.0% CAP Rate is cited for the offering. The combination of office and retail space, multiple suites, parking, and recent improvements creates a flexible commercial configuration.
Located at 711 & 717 Vandercook Way in Longview, WA, the building occupies a corner position with signage and visibility features. A 7.0% CAP Rate is cited for the offering. The combination of office and retail space, multiple suites, parking, and recent improvements creates a flexible commercial configuration.
Key Highlights
- Approximately 11,562 SF across 7 commercial spaces
- Two‑story office and retail property
- Most spaces updated within the past 5 years
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
$189,552
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
7.90%
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%
$3,791,040
$3.8M
Cap Rate 7%
$2,707,886
$2.7M
Cap Rate 9%
$2,106,133
$2.1M
Market Conditions
NOI Build-Up for 11,562 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
$305.2K $26.40/SF
− Vacancy
−$52.5K −$4.54/SF
EGI
$252.7K $21.86/SF
− OpEx
−$63.2K −$5.46/SF
NOI
$189.6K $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%
$3,791,040
Cap Rate 7%
$2,707,886
Cap Rate 9%
$2,106,133
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,552 @ 7.0% cap · market cap 7.90%
Second Best
Retail
$1.99M
$1.74M – $2.33M
NOI $139,563 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,655 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,196
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail configuration with multiple spaces, substantial parking, and recent updates to most suites.
Where is this mixed-use property located?
The property is located at 711 & 717 Vandercook Way Longview, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 11,562 SF across 7 commercial spaces; Two‑story office and retail property; Most spaces updated within the past 5 years
