Flex Warehouse and Office
1579 N National Ave Chehalis, WA 98532
For Sale
Contact for pricing
Two warehouses plus a recently updated office building offer combined warehouse, yard, and office/admin space.
Property Size14,264 SF
Lot Size2.20 Acres
Price / SF$168.19
Days on Market277
Property Features for 1579 N National Ave
General Information
Standard status
Active
Size
14,264 SF
Lot size
2.20 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: Jul 26
Last Checked: Jul 29 at 4:03PM
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.
The property includes two warehouse buildings totaling 12,960 sq ft and an adjacent recently updated office building with 1,304 sq ft. A grandfathered billboard is also on-site, currently generating $1,600 per month in rental revenue. The site is partially fenced and includes rail access, supporting a flexible setup for companies that want warehouse, yard, and office/admin space together.
The 2.2-acre site is conveniently located off I-5 exit 79 with excellent visibility on National Avenue.
Parcels include 005615002003, 005615001000, and 005615002004. Warehouses and the billboard are also available for purchase separately (005615002003 and 005615002004).
The 2.2-acre site is conveniently located off I-5 exit 79 with excellent visibility on National Avenue.
Parcels include 005615002003, 005615001000, and 005615002004. Warehouses and the billboard are also available for purchase separately (005615002003 and 005615002004).
Key Highlights
- Two warehouses totaling 12,960 sq ft plus an adjacent recently updated office building totaling 1,304 sq ft
- Grandfathered billboard currently generating $1,600 per month in rental revenue
- 2.2‑acre partially fenced site with rail access
Financial Insights For Warehouse
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 | $174.6k | $12.24 |
| − Vacancy | −$12.2k | −$0.86 |
| EGI | $162.4k | $11.38 |
| − OpEx | −$24.4k | −$1.71 |
| NOI | $138.0k | $9.68 |
14,264 SF · lease $12.24/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.28M
$2.87M – $3.82M
NOI $229,305 @ 7.0% cap · market cap 9.56%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,014 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,542 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Colony House — 49 NE Division St, Chehalis, WA 98532
- Crazy Cattle Coffee Co. — Chehalis, WA 98532
Frequently Asked Questions
What type of property is this?
Flex space - Two warehouses plus a recently updated office building offer combined warehouse, yard, and office/admin space.
Where is this flex space located?
The property is located at 1579 N National Ave Chehalis, WA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Two warehouses totaling 12,960 sq ft plus an adjacent recently updated office building totaling 1,304 sq ft; Grandfathered billboard currently generating $1,600 per month in rental revenue; 2.2‑acre partially fenced site with rail access
