Retail Space For
1241-1261 Harrison Ave, Centralia, WA 98531
For Sale
Contact for pricing
Retail space available for purchase.
Property Size10,967 SF
Price / SF$200.60
Days on Market285
Property Features for 1241-1261 Harrison Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams-PDX Central
Listed By:
Brandon King · License WA #111384
(831) 421-2292
Source:
Crexi
Added: Jan 30
Changed: Nov 5
Last Checked: Nov 10 at 6:57AM
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 Keller Williams-PDX Central
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of retail space available for sale. The property encompasses a total area of 10967 square feet.
Key Highlights
- For sale
- Year built: 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,770
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,835,400
$2.8M
Cap Rate 7%
$2,025,286
$2.0M
Cap Rate 9%
$1,575,222
$1.6M
Market Conditions
NOI Build-Up for 10,967 SF
Gross rent
$207.9K $18.96/SF
− Vacancy
−$5.4K −$0.49/SF
EGI
$202.5K $18.47/SF
− OpEx
−$60.8K −$5.54/SF
NOI
$141.8K $12.93/SF
Area
Lewis County, WA
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,835,400
Cap Rate 7%
$2,025,286
Cap Rate 9%
$1,575,222
Alternative Uses
Best Use
Retail
$2.03M
$1.77M – $2.36M
NOI $141,770 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,150 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
404k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 27%
Apparel 25%
Groceries 16%
Safeway
Groceries
65,385 visits/mo
0.2 miles
Nike Factory Store
Apparel
49,352 visits/mo
0.5 miles
Safeway Gas
Shops & Services
45,354 visits/mo
0.2 miles
McDonald's
Dining
31,536 visits/mo
0.3 miles
Starbucks
Dining
15,765 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 1241-1261 Harrison Ave Centralia, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: For sale; Year built: 1986
