New search
Property profile & analytics
FOR SALE
Office buildings
1206 Harrison Ave Centralia, WA 98531
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3242257
No photos on file
For Sale
$550,000
1206 Harrison Ave, Centralia, WA 98531
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1960
Construction
WOOD
Total area
2,032 SF
Lot
0.47 ac (20,473 SF)
APN
21089006002
UPID
US90-3242257
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wells Estates LLC · 3 yrs held
Wells Estates LLC
since 2023
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Centralia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centralia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,009
Tax year 2023
Assessed value
$488,800
Assessed 2022
Previous assessed
$325,000
+50.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$368,500
Assessed improvement
$120,300
Land market value
$368,500
Improvement market value
$120,300
Total market value
$488,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1960
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,032 SF
Lot
0.47 ac (20,473 SF)
APN
21089006002
UPID
US90-3242257
Jurisdiction
LEWIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Wells Estates LLC
Entity
Mailing address
2 CREEKWOOD LN SW, LAKEWOOD, WA 98499-1239
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
$425,000
Wells Estates LLC
Ac Properties LLC
Warranty Deed
$340,000 · Banner Bank
Apr 17, 2019
—
Ac Properties LLC
Esmeralda Cross
Quit Claim Deed
related
—
Sep 29, 2006
$1,090,000
Ac Properties LLC
Hangartner,joseph W
Warranty Deed
$280,029 · South Sound Bank
Jun 30, 2006
—
Joseph W Hangartner
Hangartner Karen K
Quit Claim Deed
related
—
—
—
A C Properties LLC
—
Deed Of Trust
related
$600,000 · Paula Grandlund
—
—
Ac Properties LLC
—
Deed Of Trust
related
$590,000 · South Sound Bank
—
—
Ac Properties LLC
—
Deed Of Trust
related
$321,300 · South Sound Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
