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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Warehouses
760 Commerce Ave, Longview, WA 98632-2416
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0129406
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1941
Total area
6,000 SF
Lot
0.62 ac (26,800 SF)
APN
2071
UPID
US90-0129406
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
-
Five Star Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$795k
Owner & transaction history
K&m Real Estate Holdings LLC · 1 yrs held
K&m Real Estate Holdings LLC
since 2024
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$995,000
+129.0%
Auto repair, garage
$745,000
+70.9%
Office building
$685,000
+57.1%
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
$740,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
RESTAURANT
$995,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +71% · Conversion: Easy
OFFICE BUILDING
$685,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $1.02M (Feb 27 2023)
Last sale anchor
$1.02M
Feb 27 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
$133 / 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
$4,296
Tax year 2023
Assessed value
$484,760
Assessed 2022
Previous assessed
$484,760
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$321,600
Assessed improvement
$163,160
Land market value
$321,600
Improvement market value
$163,160
Total market value
$484,760
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1941
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
6,000 SF
Lot
0.62 ac (26,800 SF)
APN
2071
UPID
US90-0129406
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
RESTAURANT
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$745,000
OFFICE BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$580,000
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1941
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
K&m Real Estate Holdings LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
K&m Real Estate Holdings LLC
Myren Properties LLC
Deed
related
$723,750 · First Citizens Bank & Trust Co
Mar 7, 2023
—
Marley Petersen
Myren Properties LLC
Re-recorded Document
related
—
Feb 27, 2023
$1,016,000
Marley Petersen
Myren Properties LLC
Contract Sale
$816,000 · Myren Properties LLC
Dec 30, 2011
—
Myren Properties LLC
Benchmark Knife & Saw LLC
Warranty Deed
—
Dec 30, 2010
$500,000
Benchmark Knife & Saw LLC
Russell W Madison
Warranty Deed
$400,000 · Us Bank NA
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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