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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Retail properties & Spaces
515 Harrison Ave Centralia, WA 98531-1300
Entity Owned
~
Est. High Equity
Property ID
US90-1154498
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,660 SF
Lot
4.34 ac (189,050 SF)
APN
3416016002
UPID
US90-1154498
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.48M
Owner & transaction history
2025 Ingrim Holdings LLC
2025 Ingrim Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,460,000
Current use
RESTAURANT
$4,195,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,860,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10%
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
$121 / 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
$32,532
Tax year 2023
Assessed value
$3,966,900
Assessed 2022
Previous assessed
$2,328,000
+70.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,134,300
Assessed improvement
$2,832,600
Land market value
$1,134,300
Improvement market value
$2,832,600
Total market value
$3,966,900
Applied tax rate
1.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
28,660 SF
Lot
4.34 ac (189,050 SF)
APN
3416016002
UPID
US90-1154498
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
RETAIL STORES Current
Est. value
$4.5M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
4.34 ac
Current owner
From public records · entity-resolved
2025 Ingrim Holdings LLC
Entity
Mailing address
4780 CAPITOL BLVD SE UNIT #1, TUMWATER, WA 98501-4497
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
2025 Ingrim Holdings LLC
Lee A Ingrim
Quitclaim Deed
related
—
Nov 22, 2021
—
Lee A Ingrim
—
Deed
related
$2,865,000 · Us Bank Trust Co NA
Jan 6, 2020
—
Lee Ingrim
—
Deed
related
$2,826,004 · Security State Bank
Sep 26, 2017
—
Lee Ingram
—
Deed
related
$109,702 · Security State Bank
Apr 23, 2010
—
Lee A Ingrim
Lee Ingrim & Lorenz Schock LLC
Quit Claim Deed
related
—
Apr 23, 2010
$400,000
Lee A Ingrim
Schock,lorenz E & Christy
Quit Claim Deed
related
$1,900,000 · Thurston First Bank
Aug 1, 2007
—
Lee Ingrim & Lorenz Schock LLC
Ingrim,lee & Jana
Quit Claim Deed
related
—
May 4, 2006
—
Lee Ingram
Investments In Real Estate Xxii Cen
Warranty Deed
$1,650,000 · Anchor Bank
—
—
Lee A Ingrim
—
Deed Of Trust
related
$2,600,000 · Thurston First Bank
—
—
Lee A Ingrim
—
Deed Of Trust
related
$125,000 · Seattle Savings Bank
—
—
Lee A Ingrim
—
Deed Of Trust
related
$2,719,942 · Security State Bank
—
—
Lee Ingrim
—
Deed Of Trust
related
$60,000 · Anchor Mutual Savings Bank
—
—
Lee A Ingrim
—
Deed Of Trust
related
$100,000 · Thurston First Bank
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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