Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    48 SW Chehalis Ave Chehalis, WA 98532

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use building with commercial space and residential units.

    Property Features for 48 SW Chehalis Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Gary Fox
    Source: Crexi

    Listing Agency: CENTURY 21 Lund, Realtors Listing Agent: Gary Fox

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mixed-Use Corner Lot Building

    This mixed-use property is located on a corner lot in a quasi-light industrial district, offering close proximity to the freeway and downtown. The lower level, approximately 3,000 square feet, features a showroom, shop, warehouse, office space, and restrooms. This space has been occupied by Northwest Cooling & Heating for several decades. An exterior entrance at the southwest corner of the building provides access to a stairway leading to three one-bedroom, one-bath apartments. A common laundry facility for the apartment units is also located upstairs. The roof on the main part of the building was replaced 4 years ago, and the awning roof was replaced 3 years ago.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chehalis
    County
    Lewis
    State
    Washington
    Longitude
    -122.9692563
    Latitude
    46.659463

    Nearby Similar for Sale

    • Contact for pricing

      Chehalis Restaurant and Grocery Location

      Turnkey restaurant and grocery opportunity in Chehalis, Washington.
      576 W Main St, Chehalis, WA 98532
      View Details
    • Contact for pricing
      14,264 SF

      Warehouses, Office, and Billboard Property

      Two warehouses, office building, billboard on 2.2 acres.
      1579 N National Ave, Chehalis, WA 98532
      View Details
    • $350,000

      Chehalis Restaurant Property - High ROI

      Established Restaurant, Long-Term Lease, Great Visibility
      109 Interstate Ave, Chehalis, WA 98532
      View Details
    • Contact for pricing
      56,628 SF

      Travelodge Hotel Along Interstate 5

      Nationally branded hotel with high visibility and convenient access.
      122 SW Interstate Ave, Chehalis, WA 98532
      View Details
    • $250,000
      0.37 Acres

      High-Traffic Chehalis Commercial Lot

      Prime corner lot, high visibility, 16,200 sq ft.
      634 Market Blvd, Chehalis, WA 98532
      View Details
    • Contact for pricing
      12,267 SF

      Restaurant/Grocery Location in Chehalis, WA

      Turnkey restaurant opportunity with real estate and business for sale.
      576 W Main St, Chehalis, WA 98532
      View Details
    • $600,000

      Chehalis Restaurant - Prime Location

      Established Restaurant, High Traffic Area, Ample Parking
      1780 National Ave, Chehalis, WA 98532
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 48 SW Chehalis Ave Chehalis, WA.
    What are key features of this property?
    This property features: - Corner lot location in close proximity to freeway and downtown.; - Lower level features approx. 3,000 sq ft of showroom, shop, warehouse, office, and restrooms.; - Includes three 1-bedroom/1-bath apartments with separate exterior entrance.
    Request Owner's contact information
    48 SW Chehalis Ave Chehalis, WA 98532
    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.
    48 SW Chehalis Ave
    Chehalis, WA 98532
    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
    48 SW Chehalis Ave Chehalis, WA 98532
    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

    We can help!
    Listing Contact
    Gary Fox
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!