208 Centralia College Blvd Centralia, WA 98531
Two-story masonry building with a flexible main level and two existing residential apartments generating supplemental income.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 2:15 am
Property Features for 208 Centralia College Blvd
General Information
- Standard status
- Active
- Size
- 6,945 SF
- Property subtype
- RETAIL
Listing office Greene Commercial (360) 701-6439
Listing date Jul 9, 2026
Source Moodyscre
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 Greene Commercial
Investment Insights
Based on property information with market context.
The property is located on Centralia College Boulevard with prominent street frontage in the walkable Historic Downtown District. It provides steady exposure to pedestrian and vehicle traffic near the active Pearl Street corridor.
The building is configured for multi-tenant and/or investment use and includes two existing residential apartments that generate immediate supplemental income. Ground-floor event venue use is not permitted to prevent conflicts with a neighboring facility. Possession will be available at closing, with vacancy expected in late October.
Key Highlights
- Two‑story masonry building in the walkable Historic Downtown District with classic brick exterior
- Flexible main‑level layout suitable for retail, office, healthcare, or creative commercial uses
- Generates immediate supplemental income from two existing residential apartments
Local Financial Insights For Multifamily LT 5
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 | $112.5k | $16.20 |
| − Vacancy | −$6.4k | −$0.92 |
| EGI | $106.1k | $15.28 |
| − OpEx | −$31.8k | −$4.58 |
| NOI | $74.3k | $10.69 |
