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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Retail properties & Spaces
1402 Lum Rd Centralia, WA 98531-1820
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1254754
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,553 SF
Lot
2.35 ac (102,366 SF)
APN
9646003000
UPID
US90-1254754
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
$6.08M
Comparable Approach
Comparable
$5.73M
Blend (final)
Blend
$5.06M
Owner & transaction history
Sean Getty · 3 yrs held
Sean Getty
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.3M
+32.6%
Apartment house (5+ units)
$6.2M
+31.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,585,000
6.5%
$6,075,000
7%
$5,640,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,750,000
Current use
OFFICE BUILDING
$6,300,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,230,000
Change: +31% · Conversion: Difficult
RESTAURANT
$4,475,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,115,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
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
$40,077
Tax year 2023
Assessed value
$4,886,900
Assessed 2022
Previous assessed
$3,842,000
+27.2% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,637,900
Assessed improvement
$3,249,000
Land market value
$1,637,900
Improvement market value
$3,249,000
Total market value
$4,886,900
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
30,553 SF
Lot
2.35 ac (102,366 SF)
APN
9646003000
UPID
US90-1254754
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
RESTAURANT
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Sean Getty
Individual
Ownership since
2022
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
Mar 3, 2026
—
Centralia Outlets LLC
—
Deed
related
$20,000,000 · 1st Security Bank Of Washington
Dec 22, 2022
$500,000
Sean Getty
Centralia Outlets LLC
Quit Claim Deed
related
—
Dec 21, 2022
—
Centralia Outlets LLC
Centralia Factory Outiets LLC
Intrafamily Transfer
related
—
Dec 24, 2014
—
Centralia Factory Outlets LLC
Centralia Outlets LLC
Quit Claim Deed
related
—
Feb 14, 2007
—
Centralia Outlets LLC
Little Prairie Center LLC
Quit Claim Deed
related
$30,750,000 · Intervest Mortgage Co LLC
—
—
Little Prairie Co LLC
—
Deed Of Trust
related
$3,000,000 · Commerce Bank Of Washington
—
—
Little Prairie Co LLC
—
Deed Of Trust
related
$3,000,000 · Commerce Bank Of Washington
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.
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