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Property profile & analytics
OFF-MARKET
Estimated value
$19,275,000
Manufacturing properties
205 Robert Thompson Rd, Centralia, WA 98531-9343
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1013558
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
2009
Construction
METAL FRAME
Total area
143,021 SF
Lot
15.79 ac (687,812 SF)
APN
23736073002
UPID
US90-1013558
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
$17.54M
Comparable Approach
Comparable
$21.02M
Blend (final)
Blend
$19.28M
Owner & transaction history
Millard Refrigerated Svcs INC · 17 yrs held
Millard Refrigerated Svcs INC
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.0M
+64.3%
Auto repair, garage
$17.7M
+61.4%
Office building
$17.2M
+57.0%
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%
$18,995,000
6.5%
$17,535,000
7%
$16,280,000
Alternative Use
Use
Estimation
RESTAURANT
$17,990,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,665,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$17,185,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,010,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,740,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$13,095,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$19.28M
Range $17.35M – $21.20M · ±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
$135 / 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
$419,768
Tax year 2024
Assessed value
$57,296,550
Assessed 2023
Previous assessed
$57,925,200
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,095,200
Assessed improvement
$54,201,350
Land market value
$3,095,200
Improvement market value
$54,201,350
Total market value
$57,296,550
Applied tax rate
800.0000
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
2009
Construction
METAL FRAME
Heating
SPACE
Stories
1
Total area
143,021 SF
Lot
15.79 ac (687,812 SF)
APN
23736073002
UPID
US90-1013558
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
RESTAURANT
Est. value
$18.0M
AUTO REPAIR, GARAGE
Est. value
$17.7M
OFFICE BUILDING
Est. value
$17.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$13.7M
RETAIL STORES
Est. value
$13.1M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
2009
Construction
METAL FRAME
Heating
SPACE
Stories
1
Lot
15.79 ac
Current owner
From public records · entity-resolved
Millard Refrigerated Svcs INC
Entity
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 13, 2019
—
Lineage Wa Centralia Re LLC
—
Deed
related
$235,000,000 · Column Financial INC
Jul 20, 2017
—
Centralia North Land LLC
—
Grant Deed
related
$1,200,000 · Bank Of The West
Apr 10, 2017
—
Lineage Wa Centralia Re LLC
—
Grant Deed
related
$1,295,000,000 · Goldman Sachs Mtg
May 1, 2009
—
Millard Refrigerated Svcs INC
Mrs Centralia LLC
Quit Claim Deed
related
—
Nov 4, 2008
$4,546,439
Owner Name Unavailable
Tarragon-centralia North Land
Warranty Deed
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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