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Property profile & analytics
OFF-MARKET Estimated value $1,520,000
Office buildings

1611 Kresky Ave Centralia, WA 98531-8982

9,824 SF 1.12 ac lot Built 1980
Individually Owned Absentee Owner Free & Clear
Property ID
US90-1170421
Property summary
AI-generated overview

This exceptional one-level professional center, situated on a high-visibility main corridor in Centralia, WA, presents a compelling investment opportunity. The property consists of four units currently leased to established healthcare businesses, boasting a history of long-term tenancy. Leases are structured as modified net, with operating expenses passed through to tenants, simplifying management. The owner diligently maintains the landscaping, ensuring a consistently attractive property. Ample parking is available, and the property offers significant potential for expansion with an existing pad site. The building is exceptionally well-maintained, reflecting the pride of ownership demonstrated by both the tenants and the original owner, who is now seeking retirement. This property benefits from its location in a growing area experiencing increased traffic counts. A significant advantage for potential buyers is the seller's willingness to provide financing, making this an even more attractive investment opportunity. The asking price is $1,950,000. The property sits on a 0-acre lot. This is a rare chance to acquire a stable, income-producing asset in a thriving market.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1980
Construction WOOD
Total area 9,824 SF
Lot 1.12 ac (48,787 SF)
APN 3417048100
UPID US90-1170421
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
$1.95M
Blend (final) Blend
$1.52M
Owner & transaction history
WILBUR KURZ
WILBUR KURZ
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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