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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Manufacturing properties
391 State Ave, Chehalis, WA 98532-1637
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3322613
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,644 SF
Lot
1.6 ac (69,696 SF)
APN
3821004000
UPID
US90-3322613
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
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Purple Avenue LLC · 2 yrs held
Purple Avenue LLC
since 2023
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+55.9%
Retail stores
$4.0M
+52.3%
Commercial (general)
$4.0M
+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
$2,445,000
ML approach
$2,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,625,000
Current use
AUTO REPAIR, GARAGE
$4,090,000
Change: +56% · Conversion: Easy
RETAIL STORES
$3,995,000
Change: +52% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,955,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,440,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.60M (Jul 31 2023)
Last sale anchor
$2.60M
Jul 31 2023
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
$58 / 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
$11,318
Tax year 2023
Assessed value
$1,353,800
Assessed 2022
Previous assessed
$1,353,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$208,900
Assessed improvement
$1,144,900
Land market value
$208,900
Improvement market value
$1,144,900
Total market value
$1,353,800
Applied tax rate
20.0000
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
2
Total area
42,644 SF
Lot
1.6 ac (69,696 SF)
APN
3821004000
UPID
US90-3322613
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
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Purple Avenue LLC
Entity
Mailing address
8410 128TH AVE SE, NEWCASTLE, WA 98056-1754
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$2,600,000
Purple Avenue LLC
State Avenue Associates LLC
Warranty Deed
$2,000,000 · State Avenue Associates LLC
Jun 20, 2005
$860,000
State Ave Associates LLC
Whalen,donna M
Warranty Deed
$560,000 · Donna Whalen
—
—
State Avenue Associates LLC
—
Deed Of Trust
related
$90,000 · Epstein & Friedman LLP Ps Tr
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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