Historic Office
New
For Sale
Contact for pricing
903 B St, Centralia, WA 98531
Two levels of office space include walk-in safes and a substantial basement for storage.
Property Size4,053 SF
Price / SF$179.97
Days on Market6
Property Features for 903 B St
General Information
Standard status
Active
Size
4,053 SF
Property subtype
OFFICE
Additional Details
Property Use
Office
Building Details
Year Built
1909
Buildings
1
Stories
2
Construction
Craftsman
Listing Agency:
RE/MAX Advantage
(509) 888-8262
Listed By:
Robert McFadden · License #51108
(360) 556-6050
Source:
Moodyscre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 24 at 6:33PM
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 RE/MAX Advantage
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Investment Insights
Based on property information with market context.
Located at 903 B St in Centralia, this office building offers 2,517 square feet across two levels, with an additional 1,536-square-foot basement. Walk-in safes are present on both floors. The exterior has been recently painted, and the electrical service panels have been updated.
Built in December 1909, the property features Craftsman architecture and a wood-rich interior. Its documented history includes use as the headquarters of the Eastern Railway & Lumber Company and later as the administrative base of The Agnew Company.
Built in December 1909, the property features Craftsman architecture and a wood-rich interior. Its documented history includes use as the headquarters of the Eastern Railway & Lumber Company and later as the administrative base of The Agnew Company.
Key Highlights
- 2,517 square feet of office space on two levels
- 1,536‑square‑foot basement storage area
- Historic walk‑in safes on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,155
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,100
$1.3M
Cap Rate 7%
$930,786
$930.8K
Cap Rate 9%
$723,944
$723.9K
Market Conditions
NOI Build-Up for 4,053 SF
Gross rent
$111.4K $27.48/SF
− Vacancy
−$24.5K −$6.05/SF
EGI
$86.9K $21.43/SF
− OpEx
−$21.7K −$5.36/SF
NOI
$65.2K $16.08/SF
Area
Lewis County, WA
Vacancy
22.00%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,100
Cap Rate 7%
$930,786
Cap Rate 9%
$723,944
Alternative Uses
Best Use
Office B
$930.8K
$814.4K – $1.09M
NOI $65,155 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,533 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
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Business Placement
Demographics for 98531, WA
26,669
Population
11,070
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
129.2 sq mi
ZIP Area
206
Density / Sq Mi
$61,963
Median Household Income
$37,330
Median Earnings
$1,068
Median Rent
$285,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two levels of office space include walk-in safes and a substantial basement for storage.
Where is this office building located?
The property is located at 903 B St Centralia, WA.
What is the asking price?
The asking price for this property is $729,438.
What are key features of this property?
This property features: 2,517 square feet of office space on two levels; 1,536‑square‑foot basement storage area; Historic walk‑in safes on each floor
