Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1717 Olympia Way Longview, WA 98632-3929
    Back to Search
    Property profile & analytics

    1717 Olympia Way Longview, WA 98632-3929

    View on Map
    • Office buildings
    • 17,570 SF
    • 0.79 lot acres
    For Lease
    $890,000
    View Listing →
    Move-in Ready Office Suite For Lease
    $890,000
    847 SF

    Move-in Ready Office Suite

    Configured office suite in high-visibility Park Plaza.

    1717 Olympia Way, Longview, WA
    View Listing
    Property ID
    US90-0118322
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Hani Eid, DDS / Dental Office
    • Cowlitz Black Bears - Main Office / Gym & Fitness Center / Sports School
    • Goodman Patricia S / Physician
    • Nelson Law Firm / Law Firm
    • Cowlitz Family Health Center-Parent Child Assistance Program (PCAP) / Charitable Organization / Social Service Agency

    Property Details for 1717 Olympia Way

    Year built
    1959
    Lot size
    0.79 lot acres
    Property size
    17,570 SF
    Property type
    Office buildings
    APN
    1705
    APU
    1705

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $877,000
      Market price range: $444k - $1.67M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.94
    Latitude
    46.1406
    CBSA code
    31020
    CBSA name
    LONGVIEW, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,410
    $276,480
    $1,353,140
    $1,629,620
    -
    $276,480
    $1,353,140
    $1,629,620

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      Longview, WA 98632

      PROFESSIONAL BUILDING • 0.14 Acres
      Longview, WA 98632
      View Details
    • Value Estimation
      $900,000
      6,552 SF

      1425 Maple St

      PROFESSIONAL BUILDING • 6,552 SF
      1425 Maple St, Longview, WA 98632-3754
      View Details
    • Value Estimation by Request

      Longview, WA 98632

      PROFESSIONAL BUILDING
      Longview, WA 98632
      View Details
    • Value Estimation
      $1,835,000
      13,874 SF

      1660 Delaware St

      PROFESSIONAL BUILDING • 13,874 SF
      1660 Delaware St, Longview, WA 98632-2310
      View Details
    • Value Estimation
      $610,000
      4,746 SF

      1405 Delaware St

      PROFESSIONAL BUILDING • 4,746 SF
      1405 Delaware St, Longview, WA 98632-2326
      View Details
    • Value Estimation by Request
      3,370 SF

      1105 Maple St

      PROFESSIONAL BUILDING • 3,370 SF
      1105 Maple St, Longview, WA 98632-3832
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Income-Generating Office/Retail Building For Sale

      Two-story office/retail building with high visibility and income potential.
      717 Vandercook Way, Longview, WA 98632
      View Details
    • $498,000

      Versatile Mixed-Use Commercial/Industrial Property

      Two-story commercial property with mixed-use zoning, ideal for various business.
      537 14Th Ave, Longview, WA 98632
      View Details
    • $184,900

      Belfair Condo in West Longview

      Spacious 2 bed, 1.5 bath condo with updated features.
      2005 Tibbetts Dr, Longview, WA 98632
      View Details
    • New
      $135,000
      2.00 Acres

      Longview Land with Columbia River View

      Two-acre parcel with power, perc'd for septic, river view.
      Bunker Hill Rd, Longview, WA 98632
      View Details
    • $525,000
      1,748 SF

      Renovated Triplex: Investment Opportunity

      Completely renovated triplex with new features, ideal for investors.
      285 20Th Ave, Longview, WA 98632
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      2,045 SF

      Fully Occupied Office/Medical Building

      Office/medical building with low vacancy and investment potential.
      1106 Douglas St, Longview, WA 98632
      View Details
    • Contact for pricing

      Corner Commercial Space For Lease

      Flexible commercial space with abundant natural light and private bathrooms.
      1203 14Th Ave, Longview, WA 98632
      View Details
    • Contact for pricing

      Prime Shopping Center Space Available

      Regional shopping center with restaurant, retail, and office spaces.
      1015 Ocean Beach Hwy, Longview, WA 98632
      View Details
    • Contact for pricing

      Move-in Ready Retail Space

      Updated retail space with offices, storage, and parking.
      1051 14Th Ave, Longview, WA 98632
      View Details
    • Contact for pricing

      1104 14th Ave, Longview, WA 98632

      Office Units
      1104 14Th Ave, Longview, WA 98632
      View Details
    • $550 /Mo
      172 SF

      Longview Office Space For Rent

      Office spaces available in Longview's business district, ranging from 45-325 SF.
      1000 12Th Ave, Longview, WA 98632
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1717 Olympia Way
    Longview, WA 98632-3929
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1717 Olympia Way, Longview, WA, 98632
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!