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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3010 Harrison Ave Centralia, WA 98531-9357

    • Manufacturing properties
    OFF-MARKET
    Last Sale
    Dec 02, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3294129
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 3010 Harrison Ave

    Property type
    Manufacturing properties
    APN
    23765001001
    APU
    23765001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Lewis
    State
    Washington
    Longitude
    -123.001
    Latitude
    46.7527
    CBSA code
    16500
    CBSA name
    CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $378,993
    $2,983,400
    $39,108,200
    $42,091,600
    -
    $2,983,400
    $39,108,200
    $42,091,600

    Comparable in this City

    • Value Estimation
      $435,000
      26,364 SF

      1025 F St

      FOOD PROCESSING • 26,364 SF
      1025 F St, Centralia, WA 98531-4819
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    • Value Estimation
      $715,000
      32,914 SF

      3115 Kuper Rd

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 32,914 SF
      3115 Kuper Rd, Centralia, WA 98531-9337
      View Details
    • Value Estimation
      $220,000
      20,000 SF

      3507 Northpark Dr

      MANUFACTURING (LIGHT) • 20,000 SF
      3507 Northpark Dr, Centralia, WA 98531-9049
      View Details
    • Value Estimation
      $390,000
      17,500 SF

      3516 Galvin Rd

      FOOD PROCESSING • 17,500 SF
      3516 Galvin Rd, Centralia, WA 98531-9002
      View Details
    • Value Estimation
      $410,000
      1,038 SF

      812 Harrison Ave

      FOOD PROCESSING • 1,038 SF
      812 Harrison Ave, Centralia, WA 98531-2112
      View Details
    • Value Estimation
      $220,000
      3,250 SF

      611 Tower Ave

      FACTORY (MANUFACTURING) • 3,250 SF
      611 Tower Ave, Centralia, WA 98531-4666
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $3,600,000

      25.38 Acre Development Site

      25.38-acre development site in Centralia, Washington.
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      107,125 SF

      Centralia Industrial Warehouse with Office

      Industrial warehouse with office space and easy I-5 access.
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    • $450,000
      4,760 SF

      Versatile Flex Space with Financing

      4,760 SF flex space with new finishes and financing.
      3208 Harrison Ave, Centralia, WA 98531
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    • $480,000

      Commercial Land with Shops

      1.45 acre commercial/light industrial property with high traffic count.
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    • $1,950,000

      Modern Commercial Building with Expansion Potential

      Built in 2019, ideal for business or investment.
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    Similar Nearby for Lease

    • $15,000 /Mo
      12,000 SF

      New Industrial Flex Space Available

      New 12,000 SF flex space in Centralia, WA for lease.
      2920 Harrison Ave, Centralia, WA 98531
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    • Contact for pricing
      604 SF

      New Industrial Warehouse Space Available

      604,854 SF warehouse on 33 acres, available for lease.
      2717 Harrison Ave, Centralia, WA 98531
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    • $14 SF/Yr
      1,120 SF

      Fairway Shopping Center Office Suite

      Professional office suite in a busy retail center.
      1616-1744 S Gold St, Centralia, WA 98531
      View Details
    • $12 SF/Yr
      5,860 SF

      Fairway Center: Retail Opportunity

      Established shopping center; 5,860 sq ft available.
      1710 Gold St, Centralia, WA 98531
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    • Contact for pricing

      Retail Pads Near WinCo Foods

      Retail pads available for ground lease near WinCo Foods.
      1208 Alder St, Centralia, WA 98531
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    • Contact for pricing
      5,825 SF

      Prime Interchange Commercial Land Opportunity

      3.6 acres at I-5 Exit 81, ideal for commercial uses.
      1225 Mellen St, Centralia, WA 98531
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    Centralia, WA 98531-9357
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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.

    More about this property
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