Warehouses, Office, and Billboard
For Sale
Contact for pricing
1579 N National Ave, Chehalis, WA
Two warehouses, office building, billboard on 2.2 acres.
Property Size14,264 SF
Lot Size1.82 Acres
Price / SF$154.16
Days on Market287
Property Features for 1579 N National Ave
General Information
Standard status
Active
Size
14,264 SF
Lot size
1.82 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Rants Group
(360) 915-5678
Listed By:
Zeke Rehn · License #23029550
(360) 915-5678
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:57AM
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 The Rants Group
Investment Insights
Based on property information with market context.
This 2.2-acre property features two warehouses totaling 12,960 square feet and an adjacent, recently updated 1,304-square-foot office building. A grandfathered billboard on the property generates $1,600 per month in rental revenue. The site is partially fenced and includes rail access. It is located off of I-5 exit 79 with visibility on National Avenue. The property is currently occupied by Heritage Restoration and is suitable for contractors or businesses needing warehouse space, yard space, and office or administrative space in a single location. The property consists of parcels 005615002003, 005615001000, and 005615002004.
Key Highlights
- Excellent visibility and convenient location off I‑5 (Exit 79) on National Avenue.
- Two warehouses totaling 12,960 sq ft plus a 1,304 sq ft updated office building.
- 2.2‑acre partially fenced site with rail access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$138,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,760,280
$2.8M
Cap Rate 7%
$1,971,629
$2.0M
Cap Rate 9%
$1,533,489
$1.5M
Market Conditions
NOI Build-Up for 14,264 SF
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.
Gross rent
$174.6K $12.24/SF
− Vacancy
−$12.2K −$0.86/SF
EGI
$162.4K $11.38/SF
− OpEx
−$24.4K −$1.71/SF
NOI
$138.0K $9.68/SF
Area
Lewis County, WA
Vacancy
7.00%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,760,280
Cap Rate 7%
$1,971,629
Cap Rate 9%
$1,533,489
Alternative Uses
Best Use
Office B
$3.28M
$2.87M – $3.82M
NOI $229,305 @ 7.0% cap · market cap 10.43%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,014 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,542 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Flintstone Mini-Storage — 1995 ne kresky ave, chehalis, wa 98532
- Money Saver Storage - Chehalis — 1995 NE Kresky Ave, Chehalis, WA 98532
- RWN STORAGE — Chehalis, WA 98532
- Your Storage Place — Chehalis, WA 98532
- Self-Storage at U-Haul — 1201 NW Louisiana Ave, Chehalis, WA 98532
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses, office building, billboard on 2.2 acres.
Where is this warehouse located?
The property is located at 1579 N National Ave Chehalis, WA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Excellent visibility and convenient location off I‑5 (Exit 79) on National Avenue.; Two warehouses totaling 12,960 sq ft plus a 1,304 sq ft updated office building.; 2.2‑acre partially fenced site with rail access.
