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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Office buildings
1338 Commerce Ave, Longview, WA 98632-3732
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-3366252
Property summary
AI-generated overview
The Bowers Building, a four-story Class B office building (44,593 total square feet) constructed in 1926, offers a variety of office spaces for lease in the heart of Longview, Washington. Located at the highly visible corner of Commerce and Broadway, this property boasts excellent access to I-5 via Tennant Way and benefits from over 15,000 average daily vehicle traffic. The building features a convenient private parking lot. Multiple tenancy options are available, with spaces ranging from a minimum of 800 square feet to a maximum contiguous space of 4,718 square feet. Currently, 12,796 square feet of space is vacant, including two immediately available spaces measuring 1,125 and 2,480 square feet. The building's traditional design is complemented by abundant natural light in common areas, making it suitable for a variety of office uses, including traditional, executive, creative, and coworking spaces. This centrally located property presents a unique opportunity for businesses seeking a prominent presence in the thriving Longview-Kelso area. The building is situated in Cowlitz County.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1926
Total area
36,637 SF
Lot
0.41 ac (18,000 SF)
APN
485
UPID
US90-3366252
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
-
Baldwin Legal Services PLLC Law Firm
-
Dr. Ned G. Littell, MD Physician
-
Guild Mortgage - Akeyla Thill Consultant Mortgage Lender
-
Cascade AIDS Project Longview Charitable Organization Social Service Agency
-
Bowers Down Special Events Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.55M
Blend (final)
Blend
$4.70M
Owner & transaction history
James Ding · 3 yrs held
James Ding
since 2023
Last sale
$5.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+45.8%
Auto repair, garage
$4.5M
+8.8%
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
$4,310,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,170,000
Current use
RESTAURANT
$6,080,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,535,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,525,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $5.93M (Jan 12 2023)
Last sale anchor
$5.93M
Jan 12 2023
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
$128 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$50,616
Tax year 2024
Assessed value
$5,882,700
Assessed 2023
Previous assessed
$2,319,000
+153.7% YoY
Effective rate
0.86%
On assessed value
Assessed land
$108,000
Assessed improvement
$5,774,700
Land market value
$108,000
Improvement market value
$5,774,700
Total market value
$5,882,700
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1926
Heating
NONE
Cooling
YES
Stories
4
Total area
36,637 SF
Lot
0.41 ac (18,000 SF)
APN
485
UPID
US90-3366252
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
OFFICE BUILDING Current
Est. value
$4.2M
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1926
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
James Ding
Individual
Free & Clear · 3 yrs held
Mailing address
1338 COMMERCE AVE, LONGVIEW, WA 98632-3732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 17, 2026
—
Pac-3 LLC
—
Deed
related
$3,525,000
Jan 12, 2023
—
James Ding
1338 Commerce Partners LLC
Quit Claim Deed
related
—
Jan 12, 2023
$5,929,978
Pac 3 LLC
James Ding
Warranty Deed
$3,558,000 · James Ding Etal
Sep 21, 2007
$1,200,000
1338 Commerce Partners LLC
Auburn Valley II LLC
Warranty Deed
—
Sep 28, 2006
—
Auburn Valley II LLC
Helsdon For K & R Invs LLC
Quit Claim Deed
related
—
Oct 1, 2004
$1,995,100
Helsdon Of K & R Investments LLC
Columbia State Bank
Warranty Deed
—
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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