Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Kelso Building For Sale Title is generated by Realmo AI

    314 Academy St, Kelso, WA 98626

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8,000 SF building in downtown Kelso with great visibility.

    Type:Office, Retail
    Property size:
    8,000 SF
    Price / SF:
    $62/SF
    Added:
    Dec 20, 2021
    Days on Market:
    1627
    Last Refresh:
    May 19 at 10:27 pm

    Property Features for 314 Academy St

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Chris Roewe

    Listing agent Chris Roewe License #23495

    Listing office Woodford Commercial Real Estate

    Listing date Dec 20, 2021

    Source Crexi

    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 Woodford Commercial Real Estate

    HighLights

    • 8,000 SF building in the heart of downtown Kelso.
    • Good visibility and great signage opportunities.
    • Large storefront windows.
    • Ground floor: 4,000 SF of open work area, two offices, kitchen, and natural light.
    • Basement level: 4,000 SF with offices framed in.
    • Ideally located building close to all amenities.

    Overview

    Located in downtown Kelso, this 8,000 SF building offers proximity to amenities. The property features visibility and signage opportunities, as well as storefront windows. The building includes two floors, with approximately 4,000 SF on the ground floor. The ground floor provides an open work area, two offices or meeting rooms, a kitchen, and natural light. The basement level, also approximately 4,000 SF, has offices framed in and awaits completion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cowlitz County Republican ... Advocacy Group

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kelso
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.909347
    Latitude
    46.145132

    Nearby Similar for Sale

    • $720,000
      3,326 SF

      Kelso Fourplex: Investment Opportunity

      Well-maintained Kelso fourplex with strong rental history and cash flow.
      504 N 7TH Ave, Kelso, WA 98626
      View Details
    • $369,000
      4,283 SF

      Updated Mixed-Use Warehouse in Kelso

      Unique mixed-use property with modern updates and commercial zoning.
      103 Allen St, Kelso, WA 98626
      View Details
    • $200,000

      Drive-Through Restaurant Site

      Corner lot in C-1 zoning with drive-through style use, supported by available water, sewer, and electricity.
      809 Westside Hwy, Kelso, WA 98626
      View Details
    • $369,000
      2,460 SF

      Well-Maintained Duplex with 6-Car Garage

      Classic two-story duplex with updated interiors, fireplaces in both units, and an oversized six-car garage for flexible income use.
      601 AYERS St, Kelso, WA 98626
      View Details
    • $510,000
      10,984 SF

      Warehouse/Office Package with Renovation Potential

      Three-building warehouse and office package with renovation potential for sale.
      1310 Elm Pl, Kelso, WA
      View Details
    • $675,000
      4,058 SF

      Well-Maintained Church with Functional Layout

      Updated church building featuring seating, classrooms, office, kitchen, and hall.
      1517 N. Fourth Ave, Kelso, WA 98626
      View Details
    • $498,000
      8,000 SF

      Downtown Kelso Two-Story Office Building

      8,000 SF office building in downtown Kelso for sale.
      314 Academy St, Kelso, WA, 98626-4101
      View Details
    • $2,400,000
      11,562 SF

      Income-Generating Office/Retail Building For Sale

      Two-story office/retail building with high visibility and income potential.
      717 Vandercook Way, Kelso, WA
      View Details
    • $5,000,000
      2,600 SF

      Established Grocery & Gas Station

      Established convenience store and gas station with expansion potential.
      1221 Rose Valley Road, Kelso, WA 98626
      View Details

    FAQs

    What type of property is this?
    Office building - 8,000 SF building in downtown Kelso with great visibility.
    Where is this office building located?
    The property is located at 314 Academy St Kelso, WA.
    What is the asking price?
    The asking price for this property is $498,000.
    What are key features of this property?
    This property features: 8,000 SF building in the heart of downtown Kelso.; Good visibility and great signage opportunities.; Large storefront windows.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Roewe
    Real Estate License ID: 23495
    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
    314 Academy St, Kelso, WA 98626
    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!