Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    717 Vandercook Way Longview, WA 98632

    For Sale
    $2,450,000

    High-yield, 7-unit shopping center

    Property size:
    11,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a two-building, 11,562 square foot retail shopping center in Longview, Washington's Central Business District (CBD). Currently boasting 100% occupancy across seven units, this multi-tenant property generates a substantial net operating income (NOI) of $158,605, translating to a compelling 6.47% capitalization rate. The property sits on a sizable 21,444 square foot lot, offering ample parking and a rear parking easement. Its prime corner location ensures excellent visibility and signage opportunities. A majority of the units have undergone tasteful updates within the past five years. The two-story buildings feature a mix of storefront and shopping center spaces, all under a triple net (NNN) lease structure. With historically low vacancy rates and potential for future rent increases, this property presents a strong, stable income stream and significant upside potential for investors seeking a high-return retail investment in a thriving Washington market. The asking price is $2,450,000, or $211 per square foot. Property tax parcel numbers are 2-3850 and 1-0001.

    Property Features for 717 Vandercook Way

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,562 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    7

    HighLights

    • Two‑building, 11,562 SF retail shopping center in Longview, WA's CBD.
    • 100% occupancy across seven units, generating $158,605 NOI and a 6.47% cap rate.
    • Situated on a 21,444 SF lot with ample parking and a rear easement; prime corner location.
    • Most units recently updated; mix of storefront and shopping center spaces.
    • Triple net (NNN) leases; asking price $2,450,000 ($211/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Mina Mazz Beauty Beauty Salon Mostly Moto Motorcycle Parts Store La Paris Salon Beauty Salon Artesanias Veracruz Clothing Store Richelle Gall - COUNTRY ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.92408315006
    Latitude
    46.145290002864

    Nearby Similar for Sale

    • $150,000
      1,500 SF

      Established Floral Business in Longview

      Turn-key floral business with loyal clientele in downtown Longview.
      1035 Vandercook St, Longview, WA 98632
      View Details
    • $1,050,000
      5,650 SF

      Turnkey Tap House and Building

      Profitable tap house, restaurant, and real estate for sale.
      1335 14Th Ave, Longview, WA 98632
      View Details
    • $469,900

      Longview Multifamily Investment Opportunity

      Multifamily property with long-term tenants in a prime location.
      823 8Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      New Longview Fourplex For Sale

      New fourplex in Longview, WA, fully occupied and income-producing.
      259 20Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      Remodeled Longview Fourplex For Sale

      Income-producing fourplex with remodeled units and strong returns.
      263 20Th Ave, Longview, WA 98632
      View Details
    • New
      $1,075,000
      4,600 SF

      New Longview Fourplex For Sale

      New, fully occupied fourplex in Longview, WA with strong returns.
      257 20Th Ave, Longview, WA 98632
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield, 7-unit shopping center
    Where is this lifestyle center located?
    The property is located at 717 Vandercook Way Longview, WA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Two-building, 11,562 SF retail shopping center in Longview, WA's CBD.; 100% occupancy across seven units, generating $158,605 NOI and a 6.47% cap rate.; Situated on a 21,444 SF lot with ample parking and a rear easement; prime corner location.
    Request Owner's contact information
    717 Vandercook Way 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.
    717 Vandercook Way
    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 Estimation

    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.

    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.

    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
    717 Vandercook Way 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.