Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6115-6119 Littlerock Rd SW Tumwater, WA 98512

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with approved use for self-storage in Tumwater.

    Property size:
    77,101 SF
    Lot size:
    1.76 Acres

    Property Features for 6115-6119 Littlerock Rd SW

    General Information

    Size
    77,101 SF
    Lot size
    1.76 Acres

    We can help!

    Listing Contact
    Ryan Haddock
    Source: Moodyscre

    Listing Agent: Ryan Haddock

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Parcel in Retail Core

    This parcel has administrative conditional use approval for a 4-story, 112,413 square foot indoor Class A Self Storage facility. Located across from Walmart and Home Depot, the site offers high visibility on Littlerock Road SW in Tumwater, situated in the heart of the retail core. The property is the last GC zoned parcel on Littlerock Road. Civil, architectural, mechanical, and engineering drawings are complete and ready for approvals, with permits potentially available within 90 days. The property size is 77,101 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    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
    -122.9235912
    Latitude
    46.9935014

    Nearby Similar for Sale

    • $409,900
      0.17 Acres

      Tumwater Duplex with City Views

      Well-maintained duplex on a corner lot with development potential.
      522 H St SW, Tumwater, WA 98512
      View Details
    • $13,055,000

      Olympia Class A Commercial Building

      51,600 SF Class A building in a thriving business corridor.
      6300 Linderson Way SW, Tumwater, WA 98501
      View Details
    • $109,900
      1,358 SF

      Spacious Home in 55+ Community

      Move-in ready 2 bed, 2 bath home in Tumwater.
      930 Trosper Rd SW, Tumwater, WA 98512
      View Details
    • $399,000
      2,227 SF

      Updated Condo with Lake Views

      Move-in ready condo featuring new appliances and lake access.
      1500 Lake Park Dr SW, Tumwater, WA 98512
      View Details
    • $6,300,000

      Tumwater Warehouse with Mezzanine

      Steel-framed warehouse with mezzanine, retail environment, and ample parking.
      7960 Center St SW, Tumwater, WA 98501
      View Details
    • $2,550,000
      16,000 SF

      Two Light Industrial Warehouses

      Two 8,000 SF light industrial warehouses in Tumwater, WA.
      2407 50 Ave SW, Tumwater, WA
      View Details
    • $2,783,505
      2,540 SF

      Ground Leased Wendy's For Sale

      20-Year Ground Leased Wendy's with zero landlord responsibility.
      1401 Kingswood Dr SW, Tumwater, WA 98512
      View Details
    • $2,783,505
      2,540 SF

      Ground Leased Wendy's For Sale

      20-year ground lease Wendy's in Tumwater, WA, opening May 2025.
      1401 Kingswood Dr SW, Tumwater, WA 98512
      View Details
    • $850,000

      Tumwater Office Building For Sale

      Well-maintained 7,200 SF office building with recent upgrades.
      6128 S Capitol Blvd, Tumwater, WA 98501
      View Details
    • $1,450,000
      7,812 SF

      Industrial Building in Light Industrial Park

      7,812 SF industrial building with office space for sale.
      2803 29 Ave SW, Tumwater, WA
      View Details
    • $549,000

      Tumwater Investment Opportunity For Sale

      23,000+/- sqft lot with redevelopment potential in Tumwater.
      6017 Capitol Blvd SW, Tumwater, WA 98501
      View Details
    • $4,995,000
      31,675 SF

      Remodeled Warehouse Near Highway 101

      Remodeled warehouse with office space, close to Highway 101.
      2500 Mottman Rd SW Tumwater, Tumwater, WA 98512
      View Details

    FAQs

    What type of property is this?
    Land - Land with approved use for self-storage in Tumwater.
    Where is this land located?
    The property is located at 6115-6119 Littlerock Rd SW Tumwater, WA.
    What are key features of this property?
    This property features: - Approved for a **4-story, 112,413 SF indoor Class A Self Storage**.; - Located in the heart of the retail core across from Walmart/Home Depot.; - **High visibility site** on the last GC zoned parcel on Littlerock Road.
    (360) 596-9151
    Request Owner's contact information
    6115-6119 Littlerock Rd SW Tumwater, WA 98512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6115-6119 Littlerock Rd SW
    Tumwater, WA 98512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6115-6119 Littlerock Rd SW Tumwater, WA 98512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Haddock
    (360) 596-9151
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.