717 Vandercook Way Longview, WA 98632
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.