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    4315 Tumwater Valley Dr Tumwater, WA 98501

    For Sale
    $2,200,000

    Iconic lodge, 5 suites, river views, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    Nestled above the Deschutes River in Tumwater, Washington, this iconic 1.79-acre property presents a unique investment opportunity. Originally constructed in 1988 by Olympia Brewery as a guest lodge, the building boasts five hotel suites and a substantial gathering space complete with a full kitchen. Currently operating as Serendipity Children's Center, the property's Brewery District zoning unlocks a multitude of potential uses. Significant upgrades have been implemented, including a new composite roof, updated HVAC system, renovated kitchen, and new flooring (preserving the original wood flooring underneath). A large, enclosed playground is also a key feature. Most of the plumbing infrastructure for the hotel suites remains intact, offering a solid foundation for restoration or repurposing. The property's prime location overlooking the Tumwater Valley and its proximity to the Deschutes River provide exceptional visibility and appeal. This is a rare chance to acquire a landmark property with a rich history and significant upside potential. The asking price is $2,200,000.

    Property Features for 4315 Tumwater Valley Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    77,972 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.9051
    Latitude
    47.00869

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic lodge, 5 suites, river views, huge potential.
    Where is this commercial real estate located?
    The property is located at 4315 Tumwater Valley Dr Tumwater, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (360) 352-7651
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    4315 Tumwater Valley Dr Tumwater, WA 98501
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    Realmo Value Estimation

    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.

    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.

    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
    4315 Tumwater Valley Dr Tumwater, WA 98501
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