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321 N Pearl St 22,452 SF Office Building Centralia, WA 98531 $875,000 ($38.97/SF) 13.85% Cap Rate
Investment Highlights
- Could be demised to accommodate multiple tenants
- Many restaurants and shops within walking distance
- Located across from Centralia City Hall
Executive Summary
Iconic building in downtown Centralia available for the first time in decades. Potential flex space, office space, multifamily redevelopment. Core, downtown location with adjacent community hubs nearby. Bring your vision to one of the fastest growing counties in Washington.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
22,452 SF
Building Class
C
Year Built
1947
Price
$875,000
Price Per SF
$38.97
Cap Rate
13.85%
NOI
$121,188
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,226 SF
Building FAR
1.28
Lot Size
0.40 AC
Zoning
C3 - Commercial
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 002019-001-000 | Improvements Assessment | $550,400 (2025) |
| Land Assessment | $261,100 (2025) | Total Assessment | $811,500 (2025) |
Property Taxes
Parcel Number
002019-001-000
Land Assessment
$261,100 (2025)
Improvements Assessment
$550,400 (2025)
Total Assessment
$811,500 (2025)
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321 N Pearl St
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