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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Manufacturing properties
2605 Commercial Rd Centralia, WA 98531-9386
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0100111
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1994
Construction
METAL FRAME
Total area
9,800 SF
Lot
2.49 ac (108,464 SF)
APN
23587006001
UPID
US90-0100111
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
$960k
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$940k
Owner & transaction history
Cng Investments LLC · 6 yrs held
Cng Investments LLC
since 2020
Last sale
$818,764
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+64.3%
Auto repair, garage
$1.2M
+61.4%
Office building
$1.2M
+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
$965,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$750,000
Current use
RESTAURANT
$1,235,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,210,000
Change: +61% · Conversion: Easy
OFFICE BUILDING
$1,175,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$895,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $819k (Apr 22 2020)
Last sale anchor
$819k
Apr 22 2020
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
$96 / 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
$14,918
Tax year 2023
Assessed value
$1,656,800
Assessed 2022
Previous assessed
$1,151,200
+43.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$488,100
Assessed improvement
$1,168,700
Land market value
$488,100
Improvement market value
$1,168,700
Total market value
$1,656,800
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
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1994
Construction
METAL FRAME
Heating
ELECTRIC
Stories
1
Total area
9,800 SF
Lot
2.49 ac (108,464 SF)
APN
23587006001
UPID
US90-0100111
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
$750,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$940,000
RETAIL STORES
Est. value
$895,000
INDUSTRIAL (GENERAL) Current
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
1994
Construction
METAL FRAME
Heating
ELECTRIC
Stories
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
Cng Investments LLC
Entity
Mailing address
12521 15TH ST, GRANDVIEW, MO 64030-1729
Ownership since
2020
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
Apr 27, 2021
—
Cmg Investments LLC
—
Deed
related
$1,800,000 · Labette Bank
Apr 22, 2020
$818,764
Cng Investments LLC
Premium Properties Limited Partners
Special Warranty Deed
$830,000 · Labette Bank
Jul 29, 2016
$523,807
Premium Properties LP
Commercial LLC
Bargain And Sale Deed
—
Dec 21, 2006
$266,000
Commercial LLC
Security State Bank
Grant Deed
—
Mar 9, 2004
$117,348
Security State Bank
Hillier William T
Trustees Deed
related
—
Mar 9, 2004
$191,375
Security State Bank
Hillier William T
Trustees Deed
related
—
—
—
Commercial LLC
—
Deed Of Trust
related
$540,000 · Anchor Bank NA
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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