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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail space
6130 203rd SW Ave Centralia, WA 98531-9603
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1091881
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
STEEL FRAME
Total area
3,024 SF
Lot
1.02 ac (44,431 SF)
APN
5130-49-00200
UPID
US90-1091881
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
$660k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$660k
Owner & transaction history
Yash Properties LLC · 2 yrs held
Yash Properties LLC
since 2024
Last sale
$661,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$645,000
+37.4%
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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
OFFICE BUILDING
$645,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$405,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $661k (Mar 29 2024)
Last sale anchor
$661k
Mar 29 2024
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
$218 / 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
$4,497
Tax year 2023
Assessed value
$469,200
Assessed 2022
Previous assessed
$360,100
+30.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$199,700
Assessed improvement
$269,500
Land market value
$199,700
Improvement market value
$269,500
Total market value
$469,200
Applied tax rate
490.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
0
Total area
3,024 SF
Lot
1.02 ac (44,431 SF)
APN
5130-49-00200
UPID
US90-1091881
Jurisdiction
THURSTON
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
$470,000
OFFICE BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$405,000
RETAIL STORES Current
OFFICE BUILDING
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
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Bathrooms
0
Lot
1.02 ac
Current owner
From public records · entity-resolved
Yash Properties LLC
Entity
Mailing address
2424 79TH AVE SE, TUMWATER, WA 98501-6812
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$661,000
Yash Properties LLC
Mbe Hoskinson Management LLC
Warranty Deed
$405,734 · Banner Bank
Oct 12, 2021
—
Mbe Hoskinson Management LLC
Isaac Hoskinson
Intrafamily Transfer
related
—
Jul 13, 2016
$404,669
Isaac Hoskinson
Steven W Fine
Warranty Deed
$420,900 · Us Bank NA
Aug 30, 2013
$400,000
Isaac Hoskinson
Fine Family Living Trust
Dual Purpose Document
$7,131 · Fine Family Living Trust (lt)
Oct 12, 2012
$241,655
Fine Family Living Trust
Fine,james W & Deborah D
Quit Claim Deed
related
—
Mar 20, 2009
$275,000
James W Fine
G & T
Warranty Deed
—
Apr 30, 1998
$275,224
James W Fine
Thomas,harold J & Nancy L
Grant Deed
$225,000 · Seller
Jan 4, 1993
$73,000
Harold J Thomas
Unknown
Grant Deed
—
—
—
James W Fine
—
Deed Of Trust
related
$250,000 · South Sound Bank
—
—
Fine Family Living Trust
—
Deed Of Trust
related
$281,000 · South Sound Bank
—
—
Fine Family Living Trust
—
Deed Of Trust
related
$232,381 · South Sound 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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