C1 Zoned Building Near
1257 S Yew St Centralia, WA 98531
For Sale
$380,000
Two-story, 1,840 SF building ideal for office or retail.
Property Size1,840 SF
Lot Size0.67 Acres
Price / SF$206.52
Days on Market662
Property Features for 1257 S Yew St
General Information
Standard status
Active
Size
1,840 SF
Lot size
0.67 Acres
Listing Agency:
Better Homes and Gardens RE PC
(253) 435-5500
Listed By:
Bob McCarthy
(253) 435-5500
Source:
Exprealty
Added: Oct 7, 2024
Changed: Jul 10
Last Checked: Jul 29 at 3:24PM
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 Better Homes and Gardens RE PC
Investment Insights
Based on property information with market context.
The property, formerly residential and now C1 zoned, is located near I-5, just south of the Winco Foods site at Exit 81. The 1,840 square foot, two-story building is suited for office, clinic, or retail use. The building features a new roof, siding, and exterior paint. The cleared lot has an approved septic system for 6 employees. The layout includes 3 offices downstairs and 2 upstairs, along with a lunchroom/break area downstairs and 3 restrooms (2 downstairs, planned to be ADA compliant). All plumbing and electrical has been roughed-in. Building permits took 1 1/2 years to complete and were approved, with all plans available on-site. A new power pole has been installed by the city and paid for by the seller, though the electrical permit is not yet completed. The foundation must be increased by 43 inches per Lewis County requirements, with plans available on-site.
Key Highlights
- C1 zoning ideal for office, clinic, or retail use.
- New roof, siding, and exterior paint.
- Approved septic system for 6 employees.
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 | $50.6k | $27.48 |
| − Vacancy | −$11.1k | −$6.05 |
| EGI | $39.4k | $21.43 |
| − OpEx | −$9.9k | −$5.36 |
| NOI | $29.6k | $16.08 |
1,840 SF · lease $27.48/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$422.6K
$369.7K – $493.0K
NOI $29,579 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$561.2K
$491.1K – $654.8K
NOI $39,285 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-story, 1,840 SF building ideal for office or retail.
Where is this office units located?
The property is located at 1257 S Yew St Centralia, WA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: C1 zoning **ideal for office, clinic, or retail use.**; **New roof, siding, and exterior paint.**; Approved septic system for 6 employees.
