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Financial
Distress signals
Property profile

1338 Commerce Ave Longview, WA 98632

FOR SALE
Office buildings
Property ID
US90-3366252
36,637 SF 0.41 ac lot Built 1926
Last sale Jan 2023 · $5,929,978
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$51k
Tax billed · 2024
Assessed value · 2023$5.88M
Assessed land$108k
Assessed improvement$5.77M
Effective rate0.86%

Value estimate

· Oct 2026
$4.31M
$3.88M – $4.74M
AI approach$3.31M
Submarket $/SF estimate$5.55M
NOI build-up
Gross scheduled income$1.20M
Vacancy & credit loss−$206k
Operating expenses−$248k
NOI · 9.68% cap applied$745k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$114/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$80 – $152

Cap rate analysis

How does the asset earn?
9.68%
$745k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOWLITZ

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath9.2
Laundromat8.4
Tanning Salon8.0

Location

1338 Commerce Ave Longview, WA 98632
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1461 Broadway, Longview, WA 98632-3724 $1,850,000 Nov 2024 12,000 SF
770 11th, Longview, WA 98632-2412 $2,999,979 May 2024 45,702 SF
1700 Hudson, Longview, WA 98632-2930 $7,400,000 Oct 2022 29,490 SF
1516 Hudson, Longview, WA 98632-3083 $1,950,000 Mar 2022 15,632 SF
936 9th, Longview, WA 98632-2607 $1,839,907 Oct 2021 17,600 SF
923 Fir, Longview, WA 98632-2524 $620,803 Oct 2021 10,862 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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