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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Turn key restaurants
3061 Ocean Bch Hwy, Longview, WA 98632-4341
Entity Owned
Free & Clear
Property ID
US90-0021216
Property summary
AI-generated overview
This exceptional 5,800 square foot, Class A commercial property, located at 3061 Ocean Beach Hwy, Longview, offers three suites for lease in a brand-new, single-story building completed in 2024. The building features a convenient location with high traffic counts and excellent visibility, anchored by a Starbucks. Spaces are available in flexible sizes ranging from 1,500 to 3,300 square feet, catering to diverse business needs. The property is zoned for General Commercial use and boasts ample parking. Suites can be delivered as a vanilla shell or fully built-out, ready for immediate occupancy. The minimum leasable space is 1,500 square feet. This is an unparalleled opportunity to establish your business in a thriving Longview commercial hub. Lease rates are dependent on the desired space size and build-out condition. Delivery is anticipated for the third quarter of 2025. The property's APN is 06660 and is conveniently located near Michigan Ave. No elevators are present in this single-story building.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Total area
8,148 SF
Lot
0.68 ac (29,621 SF)
APN
6660
UPID
US90-0021216
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
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$900k
Owner & transaction history
Starbucks Corporation
Starbucks Corporation
since 2025
Last sale
$899,995
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Apr 12 2024)
Last sale anchor
$900k
Apr 12 2024
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
$110 / 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
$5,568
Tax year 2023
Assessed value
$628,750
Assessed 2022
Previous assessed
$628,750
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$353,150
Assessed improvement
$275,600
Land market value
$353,150
Improvement market value
$275,600
Total market value
$628,750
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
1
Total area
8,148 SF
Lot
0.68 ac (29,621 SF)
APN
6660
UPID
US90-0021216
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
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 0 yrs held
Mailing address
842 WASHINGTON WAY STE #110, LONGVIEW, WA 98632-4093
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
Nov 25, 2025
—
Pucci Davis Properties LLC
—
Deed
related
$1,850,000 · Civic Center Properties LLC
Oct 3, 2025
—
Starbucks Corporation
Pucci Davis Properties LLC
Deed
—
Apr 12, 2024
$899,995
Pucci Davis Properties LLC
Chinese Village INC
Warranty Deed
$675,000 · Red Crown FCU
Oct 27, 2004
—
Chinese Village INC
Burrus Trust
Warranty Deed
related
—
Mar 16, 2004
—
Wayne T W Chan
Chan,yat P & Karen
Quit Claim Deed
related
—
Mar 16, 2004
$29,154
Louise K Woo
Chan,john W & Foong K
Grant 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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