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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
1247 Commerce Ave, Longview, WA 98632-3026
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3079104
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Total area
5,600 SF
Lot
0.14 ac (6,000 SF)
APN
539
UPID
US90-3079104
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$855k
Owner & transaction history
Hoadly LLC · 1 yrs held
Hoadly LLC
since 2025
Last sale
$859,995
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$930,000
+72.4%
Auto repair, garage
$695,000
+28.6%
Office building
$640,000
+18.3%
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
Method
Estimation
Statistic approach
$860,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$540,000
Current use
RESTAURANT
$930,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $860k (Apr 24 2025)
Last sale anchor
$860k
Apr 24 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
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
$8,207
Tax year 2023
Assessed value
$927,480
Assessed 2022
Previous assessed
$688,610
+34.7% YoY
Effective rate
0.88%
On assessed value
Assessed land
$60,000
Assessed improvement
$867,480
Land market value
$60,000
Improvement market value
$867,480
Total market value
$927,480
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
1924
Heating
FORCED AIR
Stories
2
Total area
5,600 SF
Lot
0.14 ac (6,000 SF)
APN
539
UPID
US90-3079104
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$540,000
RESTAURANT
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1924
Heating
FORCED AIR
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Hoadly LLC
Entity
Mailing address
16420 SE MCGILLIVRAY BLVD STE #103, VANCOUVER, WA 98683-3599
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$859,995
Hoadly LLC
1245 Commerce Avenue Apartments LLC
Warranty Deed
$621,750 · Harborstone Cu
Aug 3, 2016
—
1245 Commerce Avenue Apartment
Driftwood Rv Park & Resort LLC
Quit Claim Deed
related
—
Apr 20, 2016
$600,000
Driftwood Rv Park & Resort LLC
1245 Commerce LLC
Warranty Deed
—
Apr 2, 2012
$395,000
1245 Commerce LLC
Chilson,john S & Mary G
Warranty Deed
—
Nov 7, 2005
$275,000
John S Chilson
Tarlow,arthur L
Warranty Deed
—
Mar 4, 2005
$338,047
Arthur L Tarlow
Wishko,jeffrey C
Trustees 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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