Multi-Warehouse with Billboard
For Sale
Contact for pricing
1579 N National Ave, Chehalis, WA 98532
Two warehouses totaling 12,960 sq ft with rail access, plus a grandfathered billboard generating monthly rental revenue.
Property Size12,960 SF
Lot Size1.95 Acres
Price / SF$169.68
Days on Market353
Property Features for 1579 N National Ave
General Information
Standard status
Active
Size
12,960 SF
Lot size
1.95 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
The Rants Group
(360) 943-8060
Listed By:
Zeke Rehn · License #23295
(360) 915-5678
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Oct 14
Last Checked: Oct 12 at 10:05PM
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 property includes two warehouses totaling 12,960 sq ft on a 1.95-acre site. A grandfathered billboard provides $1,600 per month in rental revenue. The partially fenced property also offers rail access and includes yard space in the same location as the warehouses.
The site is located off I-5 Exit 79 with visibility on National Avenue. Parcels included are 005615002003 and 005615002004. The property is currently occupied by Heritage Restoration.
An option is also available to purchase adjacent office space (parcel 00561500100). See CBA# 43599831 for details.
The site is located off I-5 Exit 79 with visibility on National Avenue. Parcels included are 005615002003 and 005615002004. The property is currently occupied by Heritage Restoration.
An option is also available to purchase adjacent office space (parcel 00561500100). See CBA# 43599831 for details.
Key Highlights
- Two warehouses totaling 12,960 SF on a 1.95‑acre site
- Grandfathered billboard generating $1,600 per month in rental revenue
- Partially fenced property with rail access and yard space for business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,397
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,507,940
$2.5M
Cap Rate 7%
$1,791,386
$1.8M
Cap Rate 9%
$1,393,300
$1.4M
Market Conditions
NOI Build-Up for 12,960 SF
Gross rent
$158.6K $12.24/SF
− Vacancy
−$11.1K −$0.86/SF
EGI
$147.5K $11.38/SF
− OpEx
−$22.1K −$1.71/SF
NOI
$125.4K $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 Rate 5%
$2,507,940
Cap Rate 7%
$1,791,386
Cap Rate 9%
$1,393,300
Alternative Uses
Best Use
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,397 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,701 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98532, WA
25,572
Population
10,300
Households
2.5
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
311.6 sq mi
ZIP Area
82
Density / Sq Mi
$86,057
Median Household Income
$47,467
Median Earnings
$1,070
Median Rent
$381,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses totaling 12,960 sq ft with rail access, plus a grandfathered billboard generating monthly rental revenue.
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: Two warehouses totaling 12,960 SF on a 1.95‑acre site; Grandfathered billboard generating $1,600 per month in rental revenue; Partially fenced property with rail access and yard space for business use
