Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    717 Vandercook Way Longview, WA 98632
    Back to Search
    Property profile & analytics

    717 Vandercook Way, Longview, WA 98632

    View on Map
    • Lifestyle centers
    • 11,562 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mina Mazz Beauty / Hair Salon / Nail Salon
    • Mostly Moto / Auto Parts Store / Motorcycle Shop
    • La Paris Salon / Hair Salon / Nail Salon
    • Artesanias Veracruz / Clothing Store
    • Richelle Gall - COUNTRY Financial Agent / Insurance Agency

    Property Details for 717 Vandercook Way

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.924
    Latitude
    46.1453

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      1134 Washington Way

      Individual retail properties
      1134 Washington Way, Longview, WA 98632
      View Details
    • Value Estimation by Request
      5,000 SF

      520 7th Ave

      RETAIL STORES (PERSONAL SERVICES)
      520 7th Ave, Longview, WA 98632-1605
      View Details
    • Value Estimation
      $785,000
      7,500 SF

      1322 Commerce Ave

      RETAIL STORES (PERSONAL SERVICES)
      1322 Commerce Ave, Longview, WA 98632-3718
      View Details
    • Value Estimation
      $10,625,000
      135,152 SF

      2850 Ocean Bch Hwy

      RETAIL STORES (PERSONAL SERVICES)
      2850 Ocean Bch Hwy, Longview, WA 98632-3512
      View Details
    • Value Estimation
      $1,300,000
      12,000 SF

      1256 12th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1256 12th Ave, Longview, WA 98632
      View Details
    • Value Estimation
      $975,000
      12,000 SF

      1051 14th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1051 14th Ave, Longview, WA 98632-2369
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Income Property in Longview

      Commercial income property with development potential and highway frontage.
      5708 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • Contact for pricing
      4,062 SF

      Longview Restaurant/Bar Opportunity

      Restaurant/bar in Longview's trade area with high visibility.
      1124 Washington Way, Longview, WA 98632
      View Details
    • Contact for pricing

      Income-Generating Office/Retail Building For Sale

      Two-story office/retail building with high visibility and income potential.
      717 Vandercook Way, Longview, WA 98632
      View Details
    • Contact for pricing
      20,540 SF

      Mixed-Use Warehouses with Retail Potential

      Three warehouses with showroom, storage, and large laydown areas.
      638 Commerce Ave, Longview, WA 98632
      View Details
    • Contact for pricing

      Versatile Mixed-Use Commercial/Industrial Property

      Two-story commercial property with mixed-use zoning, ideal for various business.
      537 14Th Ave, Longview, WA 98632
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,438 SF

      Prime Shopping Center Space Available

      Retail, restaurant, and office spaces available in prime shopping center.
      1015 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • Contact for pricing
      25,017 SF

      Retail Space in Twin City

      Retail spaces available in high-traffic shopping center.
      760 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      3,898 SF

      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

      Prime Shopping Center Space Available

      Regional shopping center with restaurant, retail, and office spaces.
      1015 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Approximately 1,100 sq ft retail/office space for lease.
      1339 Washington Way, Longview, WA 98632
      View Details
    Request Owner's contact information
    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 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
    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

    Thank You for Inquiry
    717 Vandercook Way, Longview, WA, 98632
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!