Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Center on Main Corridor Title is generated by Realmo AI

    1611 Kresky Avenue, Centralia, WA 98531

    View on Map
    Claim this Listing
    For Sale
    $1,850,000

    Well-maintained professional center with healthcare tenants and expansion potential.

    Type:Commercial
    Lot size:
    1.12 Acres
    Added:
    Sep 6, 2024
    Days on Market:
    637
    Last Refresh:
    May 11 at 1:00 am

    Property Features for 1611 Kresky Avenue

    General Information

    Standard status
    Active
    Lot size
    1.12 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    GREG A. LUND

    Listing agent GREG A. LUND

    Listing office CENTURY 21 LUND, REALTORS

    Listing date Sep 6, 2024

    Source Corcoran

    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 CENTURY 21 LUND, REALTORS

    HighLights

    • Seller financing available
    • Leased to health care businesses with long‑term tenants
    • High visibility location on a main corridor
    • Ample parking and room for expansion
    • Well‑maintained property showing pride of ownership
    • Located in a growing area with increased traffic count

    Overview

    This one-level professional center is located on a main corridor, offering high visibility. The property is well-maintained and features an attractive design. It comprises four units, all currently leased to healthcare businesses, with most tenants being long-term occupants. The leases are structured as modified net leases, with operating expenses billed back to each tenant. The landlord is responsible for landscape maintenance. Ample parking is available, and there is room for an expansion pad. The property reflects pride of ownership, evident in both the tenant occupancy and the owner's upkeep. The surrounding area is experiencing growth, with an increasing traffic count. The original owner is looking to retire and is offering seller financing. This presents a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cascade West Veterinary Hospital - A Thrive Pet Healthcare Partner — 1305 S Gold St, Centralia, WA 98531

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Lewis
    State
    Washington
    Longitude
    -122.955
    Latitude
    46.6974

    Nearby Similar for Sale

    • $389,000
      4,272 SF

      Commercial Buildings on Corner Lot

      Two commercial buildings on a fenced corner lot for sale.
      721 B St, Centralia, WA 98531
      View Details
    • $899,000
      1,038 SF

      Dual Drive-Thru Restaurant Opportunity

      Existing dual drive-thru restaurant off I-5's main Centralia exit.
      812 Harrison Ave, Centralia, WA 98531
      View Details
    • $449,900
      1,800 SF

      Versatile Commercial Building with Warehouse

      Commercial building featuring office, retail, and warehouse space.
      1016 Mellen St, Centralia, WA 98531
      View Details
    • $350,000
      7,700 SF

      Centralia Mixed-Use Redevelopment Opportunity

      Historic Centralia building zoned for retail and housing redevelopment.
      827 N Tower, Centralia, WA 98531
      View Details
    • $435,000
      1,800 SF

      Historic Commercial Building on Tower Avenue

      Versatile 1,800 sq ft commercial space in Centralia's heart.
      108 Tower, Centralia, WA 98531
      View Details
    • $360,000
      5,056 SF

      Versatile Commercial Space For Sale

      5,056 sq ft commercial space suitable for retail/office.
      700 Tower Ave, Centralia, WA 98531
      View Details
    • $550,000
      3,000 SF

      Professional Building Near Medical Facilities

      Well-maintained office building with two suites near I-5.
      1805 Cooks Hill Road, Centralia, WA 98531
      View Details
    • $900,000
      7,600 SF

      Versatile Commercial Building in Rochester

      7,600 SF building suitable for retail, office, automotive, and more.
      20411 Old Highway 99 SW, Centralia, WA 98531
      View Details
    • $550,000

      Visible Commercial Property on Harrison

      Highly visible commercial property with excellent accessibility on a main corridor.
      1206 Harrison Ave, Centralia, WA 98531
      View Details
    • $950,000

      Commercial Property with Income Potential

      Three buildings, two leased, plus convenience store and food truck.
      20639 Old Hwy 99 SW, Centralia, WA 98531
      View Details
    • $2,200,000
      10,967 SF

      Retail Space For Sale

      Retail space available for purchase.
      1241-1261 Harrison Ave, Centralia, WA 98531
      View Details
    • $1,900,000
      7,600 SF

      Versatile Commercial Building in Rochester

      7,600 SF commercial building with flexible zoning.
      20411 Old Hwy 99 SW, Centralia, WA 98531
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained professional center with healthcare tenants and expansion potential.
    Where is this medical office space located?
    The property is located at 1611 Kresky Avenue Centralia, WA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Seller financing available; Leased to health care businesses with long‑term tenants; High visibility location on a main corridor
    (360) 748-8619
    We can help!
    Listing Contact
    GREG A. LUND
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1611 Kresky Avenue, Centralia, WA 98531
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!