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

    1339 Commerce Ave Longview, WA 98632

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

    Updated suite in downtown Longview's iconic Merk building.

    Property Features for 1339 Commerce Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1923

    We can help!

    Listing Contact
    Chris Roewe
    Chris Roewe
    Source: Crexi

    Listing Agency: Woodford Commercial Real Estate Listing Agent: Chris Roewe

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

    Learn more

    Overview

    Updated Suite in Iconic Building

    Suites are available for rent in The Merk, an iconic building located in downtown Longview, Washington. The building features co-tenants and updated common areas, and is served by an elevator. Suite 206 offers 1,000 square feet of space on the second floor, featuring large windows for natural light, multiple sinks, and washer/dryer hook-ups. The lease rate is $1,500 per month, with phone and internet services separate. The building provides parking. This property presents an opportunity to be located in the Merk.
    Location Intelligence

    Current Use by Public Records

    The Lemon Drop Take-out & Catering United Food & Commercial ... Advocacy Group Hard Hats For Christ Charitable Organization Faust & Associates Real Estate Agency Billie J. Rease, ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.9344142
    Latitude
    46.1380692

    Nearby Similar for Lease

    • $1,200 /Mo
      1,000 SF

      Move-in Ready Retail Space

      Updated retail space in downtown Longview with excellent visibility.
      1051 14Th Ave, Longview, WA 98632
      View Details
    • $1,750 /Mo
      2,045 SF

      Fully Occupied Office/Medical Building

      Office/medical building with low vacancy and investment potential.
      1106 Douglas St, Longview, WA 98632
      View Details
    • $4,500 /Mo
      10,480 SF

      Longview Warehouse with Showroom/Office

      Two-story warehouse with showroom/office space for lease in Longview.
      735 Commerce Ave, Longview, WA 98632
      View Details
    • Contact for pricing

      Prime Corner Commercial Space Available

      Recently updated 3,305 SF commercial space for lease.
      946 Washington Way, Longview, WA 98632
      View Details
    • Contact for pricing

      Modern Office Suite in Longview

      Exceptional office suite with abundant natural light and modern design.
      1516 Hudson St, Longview, WA 98632
      View Details
    • Contact for pricing

      Prime Restaurant Space For Rent

      Restaurant space with high visibility and customer-friendly design.
      711 Vandercook Way, Longview, WA 98632
      View Details
    • Contact for pricing

      Updated Office Space in Longview

      Updated office space in downtown Longview's iconic Merk building.
      1339 Commerce Ave, Longview, WA 98632
      View Details
    • $1,016 /Mo
      847 SF

      Move-in Ready Office Suite

      Configured office suite in high-visibility Park Plaza.
      1717 Olympia Way, Longview, WA 98632
      View Details
    • $750 /Mo
      2,500 SF

      Downtown Longview Retail Space Available

      Retail space in downtown Longview with ample storage.
      1232 Commerce Ave, Longview, WA 98632
      View Details
    • $1,700 /Mo
      2,000 SF

      Retail Space in Bakers Corner

      2,000 SF retail space with flexible zoning.
      5612 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • $600 /Mo
      110 SF

      Move-in Ready Office Suite

      Single office suite with shared amenities and utilities included.
      1801 1St Ave, Longview, WA 98632
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Retail/Office Space Available

      Prime Longview retail/office space with dedicated parking and signage.
      940 14Th Ave, Longview, WA 98632
      View Details

    FAQs

    What type of property is this?
    Retail space - Updated suite in downtown Longview's iconic Merk building.
    Where is this retail space located?
    The property is located at 1339 Commerce Ave Longview, WA.
    What are key features of this property?
    This property features: - Located in the heart of downtown Longview in the iconic Merk building.; - Freshly updated suites with tastefully updated common areas.; - Suite 206 offers 1,000 SF +/- with large windows providing lots of natural light.
    (360) 501-5500
    Request Owner's contact information
    1339 Commerce Ave 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.
    1339 Commerce Ave
    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
    1339 Commerce Ave 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
    Chris Roewe
    Chris Roewe
    Real Estate License ID: 23495
    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!