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1106 Douglas St 12,439 SF Vacant Office Building Longview, WA 98632 $1,059,000 ($85.14/SF) 7.33% Cap Rate
INVESTMENT HIGHLIGHTS
- 7.3% CAP Rate
- 100% Occupancy
EXECUTIVE SUMMARY
Great value opportunity in this fully occupied office/medical building. The property offers approximately 12,439 SF on a 20,125 SF lot and is divided into six suites. Positioned on a corner lot, the building provides excellent visibility, multiple signage options, and plus plenty of onsite private parking spaces. A majority of the suites have been tastefully updated within the past decade, and the building has maintained historically low vacancy rates. Potential for rent increases upon lease renewals and currently offered at 7.3% CAP rate, this is an ideal investment for expanding your portfolio or starting your commercial real estate journey. Contact us today for more information.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$103,500
|
$8.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,105
|
$0.25
|
| Effective Gross Income |
$100,395
|
$8.07
|
| Taxes |
$4,680
|
$0.38
|
| Operating Expenses |
$18,068
|
$1.45
|
| Total Expenses |
$22,748
|
$1.83
|
| Net Operating Income |
$77,647
|
$6.24
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $103,500 |
| Annual Per SF | $8.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,105 |
| Annual Per SF | $0.25 |
| Effective Gross Income | |
|---|---|
| Annual | $100,395 |
| Annual Per SF | $8.07 |
| Taxes | |
|---|---|
| Annual | $4,680 |
| Annual Per SF | $0.38 |
| Operating Expenses | |
|---|---|
| Annual | $18,068 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $22,748 |
| Annual Per SF | $1.83 |
| Net Operating Income | |
|---|---|
| Annual | $77,647 |
| Annual Per SF | $6.24 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,439 SF
Building Class
C
Year Built/Renovated
1932/1988
Price
$1,059,000
Price Per SF
$85.14
Cap Rate
7.33%
NOI
$77,647
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,893 SF
Building FAR
0.62
Lot Size
0.46 AC
Zoning
M1A - O/C - Office Commercial
Parking
26 Spaces (2.09 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Adam's Place
- -
- 1,500 SF
- -
- Jun 2027
- Dr Richards
- -
- -
- -
- Dec 2025
- LashVnx LLC
- Professional, Scientific, and Technical Services
- 3,141 SF
- -
- Feb 2028
- Medtriq Treatment Center
- -
- 2,045 SF
- -
- Mar 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Adam's Place | - | 1,500 SF | - | Jun 2027 | ||
| Dr Richards | - | - | - | Dec 2025 | ||
| LashVnx LLC | Professional, Scientific, and Technical Services | 3,141 SF | - | Feb 2028 | ||
| Medtriq Treatment Center | - | 2,045 SF | - | Mar 2026 |
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PROPERTY TAXES
| Parcel Number | 0-8757 | Total Assessment | $540,810 (2024) |
| Land Assessment | $161,000 (2024) | Annual Taxes | $4,680 ($0.38/SF) |
| Improvements Assessment | $379,810 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0-8757
Land Assessment
$161,000 (2024)
Improvements Assessment
$379,810 (2024)
Total Assessment
$540,810 (2024)
Annual Taxes
$4,680 ($0.38/SF)
Tax Year
2025
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1106 Douglas St
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