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

    500 Washington Ave Chehalis, WA 98532-3058

    • Office buildings
    • 16,730 SF
    • 3.14 lot acres
    OFF-MARKET
    Last Sale
    Jan 14, 2025
    $2,500,000
    Value Estimations
    $3,670,000
    Show details
    Cap Rate Potential
    9.8%
    Office buildings
    Location Intelligence
    Property ID
    US90-1661284
    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

    • Office buildings

    Property Details for 500 Washington Ave

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.14 lot acres
    Property size
    16,730 SF
    Property type
    Office buildings
    APN
    4910000000
    APU
    4910000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,915,000
      ML approach
      $2,845,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,780,000
      6.5%
      $4,415,000
      7%
      $4,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,447,000
      Market price range: $2.11M - $4.52M
      AI Estimate
      $3,578,000
      Market price range: $1.08M - $4.13M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,450,000
      Current use
      COMMERCIAL (GENERAL)
      $3,920,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,475,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $2,770,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Chehalis
    County
    Lewis
    State
    Washington
    Longitude
    -122.958
    Latitude
    46.6594
    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
    $24,036
    $1,094,400
    $1,780,600
    $2,875,000
    -
    $1,094,400
    $1,780,600
    $2,875,000

    Comparable in this City

    • Value Estimation
      $250,000
      1,056 SF

      168 Main St

      PROFESSIONAL BUILDING • 1,056 SF
      168 Main St, Chehalis, WA 98532-4800
      View Details
    • Value Estimation
      $1,090,000
      39,000 SF

      91 Chehalis Ave

      PROFESSIONAL BUILDING • 39,000 SF
      91 Chehalis Ave, Chehalis, WA 98532-1934
      View Details
    • Value Estimation
      $290,000
      2,092 SF

      630 National Ave

      PROFESSIONAL BUILDING • 2,092 SF
      630 National Ave, Chehalis, WA 98532-2112
      View Details
    • Value Estimation
      $900,000
      3,362 SF

      1299 Bishop Rd

      PROFESSIONAL BUILDING • 3,362 SF
      1299 Bishop Rd, Chehalis, WA 98532-8758
      View Details
    • Value Estimation
      $350,000
      2,652 SF

      118 Market Blvd

      PROFESSIONAL BUILDING • 2,652 SF
      118 Market Blvd, Chehalis, WA 98532-2666
      View Details
    • Value Estimation
      $370,000
      2,856 SF

      550 Market Blvd

      PROFESSIONAL BUILDING • 2,856 SF
      550 Market Blvd, Chehalis, WA 98532-2110
      View Details

    Similar Nearby for Sale

    • $2,650,000
      14,264 SF

      Warehouses, Office, and Billboard Property

      Two warehouses, office building, billboard on 2.2 acres.
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    • $335,000
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      Downtown Commercial Building For Sale

      High-traffic location with established tenant and parking.
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      1910 Craftsman Office Building

      Charming, high-traffic location with commercial zoning and parking.
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    • $615,000

      Commercial Land on Twin Cities

      2.21 acres of commercial land with utilities available.
      2510 NE Kresky Ave, Chehalis, WA 98532
      View Details
    • Contact for pricing
      0.07 Acres

      Chehalis Buildable Land Lot

      Land lot available within Chehalis city limits.
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      View Details
    • $1,880,000
      12,267 SF

      Chehalis Restaurant - Turnkey Operation

      Established Restaurant, High Cash Flow, Full Sale
      576 Main St, Chehalis, WA 98532
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,468 SF

      Chehalis Office Space Available

      Office space available for rent in Chehalis, Washington.
      225 NW Cascade Ave, Chehalis, WA 98532
      View Details
    • Contact for pricing
      67,500 SF

      Available Warehouse Space with Yard

      67,500 SF warehouse space with multiple yard options.
      209 Hamilton Rd N, Chehalis, WA 98532
      View Details
    • $17 SF/Yr
      138,466 SF

      Twin City Town Center Retail Space

      Prime I-5 Retail, High Traffic Location
      1349-1565 Louisiana Ave, Chehalis, WA 98532
      View Details
    • Contact for pricing
      55,570 SF

      Chehalis Industrial Facility For Lease

      55,570 SF industrial space with highway access.
      208 Maurin Rd, Chehalis, WA 98532
      View Details
    • $0.10 SF/Yr

      Napavine Land For Lease

      11 net usable acres fronting I-5 in Napavine, WA.
      1254 Rush Rd, Napavine, WA 98532
      View Details
    • $0.75 SF/Yr
      14,136 SF

      Chehalis Warehouse with Yard Space

      Warehouse space available for sublease with yard and heavy power.
      109 Sears Rd, Chehalis, WA 98532
      View Details
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    500 Washington Ave
    Chehalis, WA 98532-3058
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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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