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Property profile & analytics
OFF-MARKET
Retail space
1152 Commerce Ave Longview, WA 98632-3025
Entity Owned
~
Est. High Equity
Property ID
US90-1390512
Property summary
AI-generated overview
This exceptional 5,600-square-foot storefront, located at 1152 Commerce Ave in the heart of Longview, Washington's downtown core, presents a compelling investment opportunity. Boasting a 7.20% cap rate and a price per square foot of $106.96, this multi-tenant property offers a strong return on investment. Situated on a 6,000-square-foot lot (APN 01593), the building benefits from high visibility thanks to recent exterior improvements including fresh paint and natural cedar siding. A major renovation in 2023 included significant tenant improvements, ensuring long-term lease stability. The property features a new roof, HVAC system, lighting, and electrical upgrades. Currently 100% occupied, this NNN-leased property is zoned DC | Downtown Core and was built in 1931. This is a turnkey investment ready for immediate income generation. Contact us today to schedule a private showing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
5,156 SF
Lot
0.14 ac (6,000 SF)
APN
1593
UPID
US90-1390512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gifted: Home Decor, Gifts & More (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bearded Axe Ventures LLC
Bearded Axe Ventures LLC
since 2025
Last sale
$187,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Longview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longview submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,243
Tax year 2023
Assessed value
$139,140
Assessed 2022
Previous assessed
$117,350
+18.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$60,000
Assessed improvement
$79,140
Land market value
$60,000
Improvement market value
$79,140
Total market value
$139,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1931
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
5,156 SF
Lot
0.14 ac (6,000 SF)
APN
1593
UPID
US90-1390512
Jurisdiction
COWLITZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bearded Axe Ventures LLC
Entity
Mailing address
208 VINE ST, KELSO, WA 98626-2312
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
$584,995
Bearded Axe Ventures LLC
Todd Wade
Warranty Deed
$585,000 · Robert Meyers
Jul 26, 2023
—
Todd Wade
Todd Wade Real Estate INC
Quit Claim Deed
related
$400,000 · Alan Engstrom Nominee For Commerce
Nov 8, 2021
$187,000
Todd Wade Real Estate INC
David V Nafus
Warranty Deed
$160,000 · David Nafus
May 1, 2019
—
Nafus Family Trust
Nafus,david V & Eleanor E
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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