Downtown Storefront Retail
For Sale
Contact for pricing
108 N Tower, Centralia, WA 98531
Open-plan space with large display windows and direct street access supports adaptable commercial occupancy.
Property Size1,800 SF
Price / SF$241.67
Days on Market193
Property Features for 108 N Tower
General Information
Standard status
Active
Size
1,800 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Northfork Realty
(360) 790-5391
Listed By:
Jason Meierhofer
Source:
Moodyscre
Added: Jan 20
Changed: Jul 31
Last Checked: Aug 1 at 11:50AM
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 Northfork Realty
Investment Insights
Based on property information with market context.
This 1,800-square-foot storefront property offers flexible commercial space in downtown Centralia. The interior features an open, adaptable floorplan with large display windows and direct street access, providing a practical setting for retail, office, showroom, or creative studio use. The space also allows room for tenant improvements to suit a business concept.
The property is located within walking distance of restaurants, shops, entertainment, and the historic district. It is also just blocks from Centralia’s Amtrak station and major transit connections, placing the building within an established downtown environment with pedestrian activity and street-facing exposure.
The property is located within walking distance of restaurants, shops, entertainment, and the historic district. It is also just blocks from Centralia’s Amtrak station and major transit connections, placing the building within an established downtown environment with pedestrian activity and street-facing exposure.
Key Highlights
- 1,800‑square‑foot storefront property in downtown Centralia
- Large display windows with direct street access
- Open, adaptable floorplan with room for tenant improvements
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 | $49.5k | $27.48 |
| − Vacancy | −$10.9k | −$6.05 |
| EGI | $38.6k | $21.43 |
| − OpEx | −$9.6k | −$5.36 |
| NOI | $28.9k | $16.08 |
1,800 SF · lease $27.48/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.4K
$361.7K – $482.3K
NOI $28,936 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$332.4K
$290.9K – $387.8K
NOI $23,268 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,431 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98531, WA
26,669
Population
11,070
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
129.2 sq mi
ZIP Area
206
Density / Sq Mi
$61,963
Median Household Income
$37,330
Median Earnings
$1,068
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fern Ridge Floral & Design — 107 W Main St, Centralia, WA 98531
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan space with large display windows and direct street access supports adaptable commercial occupancy.
Where is this storefront property located?
The property is located at 108 N Tower Centralia, WA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,800‑square‑foot storefront property in downtown Centralia; Large display windows with direct street access; Open, adaptable floorplan with room for tenant improvements
