Mixed-Use Property with
For Sale
$379,900
157 Salkum Rd, Salkum, WA 98582
CommercialSale, Salkum, WA
Property Size1,180 SF
Lot Size0.89 Acres
Price / SF$321.95
Days on Market808
Property Features for 157 Salkum Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
STMU
View
Territorial
Directions
I-5 to exit 68, East on Hwy 12, Left on Stowell Rd. Left on Salkum Rd, Property on your left.
Subdivision
_85
Standard status
Active
APN
027887001000
Size
1,180 SF
Lot size
0.89 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Description
SECTION 13 TOWNSHIP 12N RANGE 01E PT NLY 375' E 250' NE4 NW4 EX P
Tax Annual Amount
1206
Legal Description
SECTION 13 TOWNSHIP 12N RANGE 01E PT NLY 375' E 250' NE4 NW4 EX P
Utilities
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1925
Floors in Building
1
Building materials
Frame, WoodSiding
Roof type
Metal
Buildings
2
Listing Agency:
Windermere Northwest Living · Windermere Real Estate
(360) 993-2222
Listed By:
David Thelin
(360) 749-5667
Added: Aug 12, 2024
Changed: Oct 26
Last Checked: Oct 28 at 1:06AM
MLS# 24489787
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Two buildings occupy this 0.89-acre property: an operating 1,180-square-foot bar and a 1,670-square-foot residence built in 1925. The home includes three bedrooms, one bathroom and an unfinished basement, and requires substantial work. Interior features include original woodwork, high ceilings, built-in details and large living-room picture windows. The property also has a metal roof, forced-air heating with a heat pump, a circular driveway and a covered carport.
Key Highlights
- 0.89‑acre property with two buildings
- Operating 1,180‑square‑foot bar
- 1,670‑square‑foot residence with 3 bedrooms, 1 bathroom and an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,134
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,680
$302.7K
Cap Rate 7%
$216,200
$216.2K
Cap Rate 9%
$168,156
$168.2K
Market Conditions
NOI Build-Up for 1,180 SF
Gross rent
$25.5K $21.60/SF
− Vacancy
−$1.3K −$1.08/SF
EGI
$24.2K $20.52/SF
− OpEx
−$9.1K −$7.70/SF
NOI
$15.1K $12.83/SF
Area
Lewis County, WA
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,680
Cap Rate 7%
$216,200
Cap Rate 9%
$168,156
Alternative Uses
Best Use
Mixed Use
$216.2K
$189.2K – $252.2K
NOI $15,134 @ 7.0% cap · market cap 3.98%
Second Best
Specialty Retail
$177.3K
$155.2K – $206.9K
NOI $12,413 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 6.63%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 98582, WA
640
Population
240
Households
2.7
Avg Household Size
49
Median Age
20%
College-Educated
83%
High-School Grad
5.8 sq mi
ZIP Area
110
Density / Sq Mi
$86,117
Median Household Income
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating bar and a residence share a parcel zoned STMU.
Where is this mixed-use property located?
The property is located at 157 Salkum Rd Salkum, WA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 0.89‑acre property with two buildings; Operating 1,180‑square‑foot bar; 1,670‑square‑foot residence with 3 bedrooms, 1 bathroom and an unfinished basement
