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    2200 Cooks Hill Rd Centralia, WA 98531
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    Property profile & analytics

    2200 Cooks Hill Rd Centralia, WA 98531

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    • Commercial real estate
    • 25.00 lot acres
    Off-Market
    Property ID
    US90-2643876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2200 Cooks Hill Rd

    Lot size
    25.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 25± acre Planned Unit Development (PUD) presents a unique investment opportunity in Centralia, Washington. Located south of Cooks Hill Road within city limits, The Ponds offers a blend of tranquil living and urban convenience. Phase I includes an approved plan for 42 single-family attached two-story townhomes situated on individually platted lots ranging from 0.05± to 0.10± acres, resulting in a net density of 3.2± dwelling units per acre. The R4 - Low Density zoning allows for single-family lots, duplexes, and townhomes, with a potential density of up to four units per acre. This flexibility allows for the development of the approved 42 units or expansion to accommodate up to 55 units. The property is named for two serene ponds located on the southern portion of the land. The development offers a harmonious balance between natural beauty and easy access to city amenities, making it an attractive option for homebuyers. This meticulously planned community is poised for growth and presents a coveted opportunity in a scenic Washington locale. The asking price for this remarkable property is $3,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Lewis
    State
    Washington
    Longitude
    -122.99065
    Latitude
    46.71175

    Comparable in this City

    • $695,000
      54,014 SF

      Land Near Great Wolf Lodge

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      Pending

      Commercially Zoned Mixed-Use Property

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      Centralia Land Parcel Opportunity

      5-acre surveyed land parcel suitable for various development.
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      Buildable Land with Creek Frontage

      Five-acre parcel with level land, creek frontage, and public water.
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      Commercial Land with Shops

      1.45 acre commercial/light industrial property with high traffic count.
      3718 Harrison Ave, Centralia, WA 98531
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      Industrial Land For Sale

      Ideal location for regional distribution between Portland and Seattle.
      1406-1620 West Reynolds Ave, Centralia, WA 98531
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    Similar Nearby for Sale

    • $695,000
      54,014 SF

      Land Near Great Wolf Lodge

      Highly visible land with I-5 access near Great Wolf Lodge.
      20238 Old Highway 99 SW, Centralia, WA 98531
      View Details
    • Contact for pricing
      Pending

      Commercially Zoned Mixed-Use Property

      Two buildings totaling 4810 sqft with office and apartments.
      1017 W Main St, Centralia, WA 98531
      View Details
    • Contact for pricing

      Centralia Land Parcel Opportunity

      5-acre surveyed land parcel suitable for various development.
      127 Sawall Ave, Centralia, WA 98531
      View Details
    • Contact for pricing

      Buildable Land with Creek Frontage

      Five-acre parcel with level land, creek frontage, and public water.
      127 Sawall Ave, Centralia, WA 98531
      View Details
    • Contact for pricing

      Commercial Land with Shops

      1.45 acre commercial/light industrial property with high traffic count.
      3718 Harrison Ave, Centralia, WA 98531
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Ideal location for regional distribution between Portland and Seattle.
      1406-1620 West Reynolds Ave, Centralia, WA 98531
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Land Ready For Development

      Class A industrial project with build-to-suit options.
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      Centralia Land for Lease

      Land available for lease in Centralia, Washington.
      2910 Harrison Ave, Centralia, WA 98531
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      604,854 SF

      New Industrial Warehouse Under Construction

      604,854 SF industrial warehouse on 31.22 acres, available Q2 2026.
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      5,825 SF

      Prime Interchange Commercial Land Opportunity

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      Retail Pads Near WinCo Foods

      Retail pads available for ground lease near WinCo Foods.
      1208 Alder St, Centralia, WA 98531
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      Rail-Served Transload Yard For Lease

      Rail-served transload yard between Seattle and Portland freight corridor.
      5410-5420 222Nd Ave SW, Centralia, WA 98531
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    Centralia, WA 98531
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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