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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Office buildings
500 Washington Ave, Chehalis, WA 98532-3058
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1661284
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,730 SF
Lot
3.14 ac (136,778 SF)
APN
4910000000
UPID
US90-1661284
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
$2.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$2.87M
Owner & transaction history
Chehalis Holdings LLC · 1 yrs held
Chehalis Holdings LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+13.6%
Apartment house (5+ units)
$3.5M
+0.7%
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
$2,915,000
ML approach
$2,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $2.50M (Jan 14 2025)
Last sale anchor
$2.50M
Jan 14 2025
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
$172 / 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
$24,036
Tax year 2023
Assessed value
$2,875,000
Assessed 2022
Previous assessed
$2,875,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,094,400
Assessed improvement
$1,780,600
Land market value
$1,094,400
Improvement market value
$1,780,600
Total market value
$2,875,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
4
Total area
16,730 SF
Lot
3.14 ac (136,778 SF)
APN
4910000000
UPID
US90-1661284
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
OFFICE BUILDING Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
4
Lot
3.14 ac
Current owner
From public records · entity-resolved
Chehalis Holdings LLC
Entity
Mailing address
PO BOX 141106, SPOKANE VALLEY, WA 99214-1106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
—
Chehalis Holdings LLC
G Craig Phillips
Quitclaim Deed
related
$3,000,000 · Umpqua Bank An Oregon State-charted Bank
Dec 19, 2019
—
G Craig
—
Deed
related
—
Dec 21, 2016
—
G Craig Phillips
—
Deed
related
$755,130 · Miscellaneous Govt Agcy
May 18, 2009
$2,500,000
G Craig Phillips
Providence Health & Services Washin
Warranty Deed
$3,717,000 · Sterling Savings Bank
—
—
G Craig
—
Loan Modification
related
—
—
—
G Craig Phillips
—
Deed Of Trust
related
$250,000 · Sterling Savings Bank
—
—
G Craig Phillips
—
Deed Of Trust
related
$755,130 · Miscellaneous Govt Agcy
—
—
G Craig Phillips
—
Loan Modification
related
$7,327,750 · Umpqua Bk
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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