Office Building with Attached
1402 W Reynolds Ave, Centralia, WA 98531
For Sale
$544,900
A single-level professional office layout includes private workrooms, a conference room, and a commercial kitchen.
Property Size2,598 SF
Lot Size0.65 Acres
Price / SF$209.74
Days on Market15
Property Features for 1402 W Reynolds Ave
General Information
Standard status
Size
Lot size
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
conference room
commercial-style kitchen
attached garage
Building Details
Buildings
Stories
Listing Agency:
BHGRE - Northwest Home Team
(360) 345-1006
Listed By:
Leslie A. Myers · License #74401
(360) 508-6436
Source:
Exprealty
Added: Oct 24
Changed: Nov 7
Last Checked: Nov 7 at 12:34PM
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 BHGRE - Northwest Home Team
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Investment Insights
Based on property information with market context.
This 2,598-square-foot office building occupies .65 level acres and is arranged on one floor. Its interior includes four private offices, a conference room, and a commercial-style kitchen. Flooring, interior paint, and fixtures have been updated, and an attached garage provides additional storage space. The property is located at 1402 W Reynolds Ave in Centralia, Washington. On-site parking accommodates 10+ vehicles, and the level grounds also offer room for additional parking, a shop, or business expansion.
Key Highlights
- 2,598‑square‑foot office building on .65 level acres
- Four private offices and a conference room
- Updated flooring, interior paint, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,765
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,300
$835.3K
Cap Rate 7%
$596,643
$596.6K
Cap Rate 9%
$464,056
$464.1K
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$71.4K $27.48/SF
− Vacancy
−$15.7K −$6.05/SF
EGI
$55.7K $21.43/SF
− OpEx
−$13.9K −$5.36/SF
NOI
$41.8K $16.08/SF
Area
Lewis County, WA
Vacancy
22.00%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,300
Cap Rate 7%
$596,643
Cap Rate 9%
$464,056
Alternative Uses
Best Use
Office B
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.4K
$693.4K – $924.5K
NOI $55,468 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A single-level professional office layout includes private workrooms, a conference room, and a commercial kitchen.
Where is this office building located?
The property is located at 1402 W Reynolds Ave Centralia, WA.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: 2,598‑square‑foot office building on .65 level acres; Four private offices and a conference room; Updated flooring, interior paint, and fixtures
