Your AI Navigator in Commercial Real Estate
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

    1525 Palomino Dr SE Tumwater, WA 98501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Land near Briggs development with potential for apartments or homes.

    Lot size:
    1.36 Acres

    Property Features for 1525 Palomino Dr SE

    General Information

    Lot size
    1.36 Acres

    Source: BHGRE Commercial Premier NW Agent Joni Baker

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

    Overview

    Olympia Land Investment Opportunity

    This property in Olympia presents an investment opportunity in a desirable location near the Briggs development. The land is accessible from Henderson Avenue and is suitable for various development projects, including office buildings, multi-family housing, or single-family homes. Improvements are already in place. The property has the potential to accommodate approximately 36 apartments. A Phase One environmental assessment has been completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.8815777
    Latitude
    47.00216

    Nearby Similar for Sale

    • $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
    • $4,290,000

      High-Performing Denny's Restaurant For Sale

      Denny's restaurant in Tumwater, WA with a new 20-year lease.
      600 Trosper Rd SW Tumwater, Tumwater, WA 98512
      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
    • $1,950,000
      9,654 SF

      Versatile Building with Existing Tenant

      Adaptable building suitable for school, medical, or office use.
      1625 Mottman Rd SW, Tumwater, WA 98512
      View Details

    FAQs

    What type of property is this?
    Land - Land near Briggs development with potential for apartments or homes.
    Where is this land located?
    The property is located at 1525 Palomino Dr SE Tumwater, WA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Great location in Olympia.; - Investment opportunity near the Briggs development.; - Potential for multi-family, single-family homes, or office development.
    (360) 943-9922
    Request Owner's contact information
    1525 Palomino Dr SE Tumwater, WA 98501
    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.
    1525 Palomino Dr SE
    Tumwater, WA 98501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1525 Palomino Dr SE Tumwater, WA 98501
    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
    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.