Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tenino Commercial Property For Sale Title is generated by Realmo AI

    472 Sussex Avenue E, Tenino, WA 98589

    View on Map
    Claim this Listing
    For Sale
    $359,000

    Commercial property with high visibility, development potential, and existing infrastructure.

    Type:Commercial
    Lot size:
    0.33 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    634
    Last Refresh:
    May 11 at 1:28 am

    Property Features for 472 Sussex Avenue E

    General Information

    Standard status
    Active
    Lot size
    0.33 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    NIKKI WESTMAN

    Listing agent NIKKI WESTMAN

    Listing office BHGRE - NORTHWEST HOME TEAM

    Listing date Sep 11, 2024

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of BHGRE - NORTHWEST HOME TEAM

    HighLights

    • Prime commercial property in the heart of Tenino at a busy intersection.
    • City‑approved plans in place for a nine‑unit triplex.
    • Previously a restaurant with dine‑in and drive‑through, offering turnkey business potential.
    • Located on over a third of an acre with ample parking.
    • Versatile property suitable for business, rental income, or development.
    • Walking distance to schools, parks, and stores.

    Overview

    This commercial property is located in the heart of Tenino, at a corner intersection with high visibility. Previously operated as a restaurant with dine-in and drive-through options, the building is situated on over a third of an acre. Ample parking is available. The property is conveniently located within walking distance of schools, parks, and stores. The property offers immediate use as a turnkey business, steady rental income, or future development. City-approved plans are in place for a three-building tri-plex, totaling nine units. This property presents an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Eagans T90 Restaurant AZ Insurance LLC Insurance Agency

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tenino
    County
    Thurston
    State
    Washington
    Longitude
    -122.847
    Latitude
    46.8591

    Nearby Similar for Sale

    • $495,000
      3,500 SF

      Tenino Commercial Stone Building

      Prime commercial location with high visibility and flexible configuration.
      297 Sussex Avenue W, Tenino, WA 98589
      View Details
    • $125,000

      9.13 Acres Recreational Land Parcel

      9.13 acres recreational land with power in Tenino, WA.
      245 145th Lane SW #5, Tenino, WA 98589
      View Details
    • $1,200,000
      4,000 SF

      Land Near Tenino, Washington

      Land offers country feel with convenient access to amenities.
      772 Sussex Ave E, Tenino, WA 98589
      View Details
    • $745,000

      Turnkey Mobile Home Park Investment

      Well-maintained mobile home park with immediate income and growth potential.
      1098 Old Highway 99, Tenino, WA 98589
      View Details
    • Contact for pricing

      Rail-Served Land For Sale

      50 acres of rail-served land near I-5.
      5915 Waldrick Rd SE, Tenino, WA 98589
      View Details
    • $399,900

      40 Acres in Thurston County

      Private 40-acre parcel in Thurston County, Washington.
      0 40 acres 185th Avenue SE, Tenino, WA 98589
      View Details
    • Contact for pricing
      50 SF

      Rail-Served Land Between Portland, Seattle

      50 acres of rail-served land near major transportation routes.
      5915 Waldrick Rd SE, Tenino, WA 98589
      View Details
    • $849,990

      91 Acres of Private Land

      Secluded 91-acre property with rolling hills, trees, and valley views.
      17942 Northcraft Road SE, Tenino, WA 98589
      View Details
    • $49,995,000

      Thurston County Ranch with Resources

      1058.53 acres with wetlands, woodlands, farmland, and mineral resources.
      13911 Military Road SE, Tenino, WA 98589
      View Details
    • $200,000

      Ready-to-Build Land in Tenino

      5.07-acre lot with approved septic design and utilities installed.
      2103 150th Lane #1, Tenino, WA 98589
      View Details
    • $359,000

      Tenino Commercial Property For Sale

      High-visibility commercial property with dine-in and drive-through options.
      472 Sussex Avenue E, Tenino, WA 98589
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Commercial property with high visibility, development potential, and existing infrastructure.
    Where is this drive through restaurant located?
    The property is located at 472 Sussex Avenue E Tenino, WA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Prime commercial property in the heart of Tenino at a busy intersection.; City‑approved plans in place for a nine‑unit triplex.; Previously a restaurant with dine‑in and drive‑through, offering turnkey business potential.
    (360) 529-0992
    We can help!
    Listing Contact
    NIKKI WESTMAN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    472 Sussex Avenue E, Tenino, WA 98589
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!