Versatile Property with Commercial
1026 Alder Street Centralia, WA 98531
1026 Alder Street, Centralia, WA, 98531
$1,150,000
For Sale
$1,150,000
Spacious home and shop with commercial zoning and potential.
Property Size3,360 SF
Lot Size1.85 Acres
Price / SF$342.26
Days on Market742
Property Features for 1026 Alder Street
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 1.85 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1929
Listing agency
JOHN L. SCOTT CNT
(360) 736-9939
Listed by
LAURALEE ZUBER TITUS · License #76879
Source
Corcoran
Added: Jul 10, 2024 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT CNT
Investment Insights
Based on property information with market context.
This property features a home with 3 bedrooms and 4 bathrooms, offering over 3360 square feet of living space. The interior includes bamboo and imported tile flooring, a grand kitchen with an eating area and walk-in pantry, and a formal dining room. The bright and spacious living room features picture windows overlooking the 1.85-acre landscape. An attached 1140 square foot garage provides ample storage. The property also includes an office space with two private rooms and a large reception area, accessible through a separate entrance, suitable for professional use. Additionally, there is a 32 x 68 square foot shop with a loft, office, and separate storage for lawn equipment. Zoned Gateway Commercial, this property offers potential for commercial use.
Key Highlights
- Zoned Gateway Commercial: Suitable for commercial or residential use.
- Enjoy 3360+ s.f. of living space with 3 bedrooms and 4 bathrooms.
- 32 x 68 s.f. Shop with loft, office, and separate storage.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.3k | $27.48 |
| − Vacancy | −$20.3k | −$6.05 |
| EGI | $72.0k | $21.43 |
| − OpEx | −$18.0k | −$5.36 |
| NOI | $54.0k | $16.08 |
3,360 SF · lease $27.48/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$771.6K
$675.2K – $900.3K
NOI $54,015 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$615.6K
$538.7K – $718.2K
NOI $43,092 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.02M
$896.7K – $1.20M
NOI $71,737 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - Spacious home and shop with commercial zoning and potential.
Where is this mixed-use property located?
The property is located at 1026 Alder Street Centralia, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Zoned Gateway Commercial: Suitable for commercial or residential use.; Enjoy 3360+ s.f. of living space with **3 bedrooms and 4 bathrooms**.; **32 x 68 s.f. Shop** with loft, office, and separate storage.
