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Property profile & analytics
OFF-MARKET
Estimated value
$4,915,000
Manufacturing properties
188 Sturdevant Rd, Chehalis, WA 98532-8720
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-2565406
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,200 SF
Lot
10.34 ac (450,410 SF)
APN
17701003000
UPID
US90-2565406
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
$5.63M
Blend (final)
Blend
$4.92M
Owner & transaction history
National Frozen Foods Corporation
National Frozen Foods Corporation
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+55.9%
Retail stores
$6.3M
+52.3%
Commercial (general)
$6.2M
+50.8%
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 Chehalis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chehalis 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,135,000
Current use
AUTO REPAIR, GARAGE
$6,440,000
Change: +56% · Conversion: Easy
RETAIL STORES
$6,295,000
Change: +52% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,235,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,420,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$4.92M
Range $4.42M – $5.41M · ±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
$73 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$68,894
Tax year 2024
Assessed value
$8,285,200
Assessed 2023
Previous assessed
$7,940,900
+4.3% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,801,600
Assessed improvement
$6,483,600
Land market value
$1,801,600
Improvement market value
$6,483,600
Total market value
$8,285,200
Applied tax rate
720.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
4
Total area
67,200 SF
Lot
10.34 ac (450,410 SF)
APN
17701003000
UPID
US90-2565406
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
10.34 ac
Current owner
From public records · entity-resolved
National Frozen Foods Corporation
Entity
Mailing address
606 OAKESDALE AVE SW STE #201, RENTON, WA 98057-5228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
National Frozen Foods Corporation
—
Deed
related
$777,345,000 · Agwest Farm Credit Flca
Aug 9, 2018
—
National Frozen Foods Corp
—
Deed
related
—
Oct 6, 2010
—
National Frozen Foods Corp
—
Deed Of Trust
related
$71,250,000 · Bank Of America
—
—
National Frozen Foods Corp
—
Loan Modification
related
—
—
—
National Frozen Foods Corp
—
Loan Modification
related
—
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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