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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Office buildings
1516 Hudson St, Longview, WA 98632-3083
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0958094
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1949
Total area
15,632 SF
Lot
0.21 ac (9,158 SF)
APN
1692
UPID
US90-0958094
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
-
The Cowlitz Law Group Law Firm
-
Millenium Plaza Corporate Office
-
Law Office Of Amanda G. Proujan, PLLC Law Firm
-
Grimm Law Group, PLLC. Law Firm
-
Financial Strategies Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.42M
Owner & transaction history
Skm 2016 LLC · 4 yrs held
Skm 2016 LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+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
$1,160,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,780,000
Current use
AUTO REPAIR, GARAGE
$1,935,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,505,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10% · vs last sale $1.95M (Mar 1 2022)
Last sale anchor
$1.95M
Mar 1 2022
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
$91 / 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
$13,887
Tax year 2023
Assessed value
$1,570,350
Assessed 2022
Previous assessed
$1,570,350
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$91,580
Assessed improvement
$1,478,770
Land market value
$91,580
Improvement market value
$1,478,770
Total market value
$1,570,350
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
1949
Heating
FORCED AIR
Stories
2
Total area
15,632 SF
Lot
0.21 ac (9,158 SF)
APN
1692
UPID
US90-0958094
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
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
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
1949
Heating
FORCED AIR
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Skm 2016 LLC
Entity
Mailing address
14601 NE 24TH AVE, VANCOUVER, WA 98686-2227
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Skm 2016 LLC
Highland Two LLC
Assignment Of Lease (leasehold Sale)
—
Mar 1, 2022
$1,950,000
Skm 2016 LLC
Highland Two LLC
Warranty Deed
$1,300,000 · Fibre FCU
Jan 11, 2017
—
Highland Two LLC
—
Deed
related
$3,700,000 · Miscellaneous Ins Co
Dec 31, 2009
$2,340,000
Highland Two LLC
Nwcc Investments Viii LLC
Warranty Deed
—
Feb 14, 2007
—
Nwcc Investments Viii LLC
Nwcc Investments III LLC
Quit Claim Deed
$5,900,000 · Artesia Mortgage Capital Corp
—
—
Nwcc Investments Viii LLC
—
Deed Of Trust
related
$1,000,000 · First Sound Bank
—
—
Highland Two LLC
—
Deed Of Trust
related
$3,700,000 · Miscellaneous Ins Co
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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