Automotive Shop with Two
For Sale
$445,000
2605 Ne Kresky Ave, Chehalis, WA 98532
Automotive shop with two bays, office, and breakroom—an adaptable layout near a busy roadway in Chehalis.
Property Size1,800 SF
Price / SF$247.22
Days on Market143
Property Features for 2605 Ne Kresky Ave
General Information
Standard status
Active
Size
1,800 SF
Additional Details
Service Bays
2
Listing Agency:
BHGRE - Northwest Home Team
Listed By:
Dave Cosser · License #18841
(360) 345-1006
Source:
Exprealty
Added: Apr 15
Changed: Jul 10
Last Checked: Sep 4 at 11:55AM
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 BHGRE - Northwest Home Team
Investment Insights
Based on property information with market context.
This for-sale automotive shop includes two bays with a workshop and tool room, along with dedicated office space. The interior also features a bathroom and breakroom, supporting day-to-day operations on-site. The current configuration is suited to a car detailing operation, and the layout can accommodate other automotive service or retail uses with similar workflow needs.
The property is located on Kresky Avenue in Chehalis, between Centralia and Chehalis, providing visibility from the roadway. It consists of two parcels with ample parking, offering room for vehicles and customer access. The site also provides space to expand if additional improvements are desired.
For buyers or tenants seeking an adaptable automotive service building, the combination of bay-based work areas and office support is a practical fit for shop operators. For retail-oriented uses that benefit from garage-style space and on-site workspace, the existing functional layout can reduce buildout complexity. With parking and the ability to grow on the two-parcel site, this property offers a straightforward option for an operation that needs both work space and customer-facing presence.
The property is located on Kresky Avenue in Chehalis, between Centralia and Chehalis, providing visibility from the roadway. It consists of two parcels with ample parking, offering room for vehicles and customer access. The site also provides space to expand if additional improvements are desired.
For buyers or tenants seeking an adaptable automotive service building, the combination of bay-based work areas and office support is a practical fit for shop operators. For retail-oriented uses that benefit from garage-style space and on-site workspace, the existing functional layout can reduce buildout complexity. With parking and the ability to grow on the two-parcel site, this property offers a straightforward option for an operation that needs both work space and customer-facing presence.
Key Highlights
- 1,800 SF commercial space on busy Kresky Avenue between Centralia and Chehalis
- Two bays with workshop and tool room
- Includes office, bathroom, and breakroom
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
$23,268
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
5.23%
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%
$465,360
$465.4K
Cap Rate 7%
$332,400
$332.4K
Cap Rate 9%
$258,533
$258.5K
Market Conditions
NOI Build-Up for 1,800 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
$34.1K $18.96/SF
− Vacancy
−$887 −$0.49/SF
EGI
$33.2K $18.47/SF
− OpEx
−$10.0K −$5.54/SF
NOI
$23.3K $12.93/SF
Area
Lewis County, WA
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$465,360
Cap Rate 7%
$332,400
Cap Rate 9%
$258,533
Alternative Uses
Best Use
Retail
$332.4K
$290.9K – $387.8K
NOI $23,268 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,431 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Home Improvements & Furnishings 14%
Domino's Pizza
Dining
2,831 visits/mo
0.3 miles
Ferguson
Home Improvements & Furnishings
478 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive shop with two bays, office, and breakroom—an adaptable layout near a busy roadway in Chehalis.
Where is this auto shop located?
The property is located at 2605 Ne Kresky Ave Chehalis, WA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,800 SF commercial space on busy Kresky Avenue between Centralia and Chehalis; Two bays with workshop and tool room; Includes office, bathroom, and breakroom
