Remodeled Warehouse with
2500 Mottman Rd SW Tumwater, WA 98512
For Sale
Contact for pricing
Recently remodeled warehouse with ample office space, offering combined storage and office use.
Property Size31,675 SF
Price / SF$126.12
Days on Market640
Property Features for 2500 Mottman Rd SW
General Information
Standard status
Active
Size
31,675 SF
Property subtype
INDUSTRIAL
Listing Agency:
Prime Locations, Inc.
(360) 943-9922
Listed By:
Zach Kosturos · License #WA 98501
Source:
Moodyscre
Added: Oct 29, 2024
Changed: Jul 29
Last Checked: Jul 29 at 5:38AM
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 Prime Locations, Inc.
Investment Insights
Based on property information with market context.
This recently remodeled warehouse offers warehouse and storage space along with ample office space. The layout is designed to complement a combined operating setup, allowing an owner-user to consolidate office and warehouse functions in one location.
The property is located in Tumwater and is described as close to Highway 101 and Interstate 5, supporting convenient regional access.
For sale, the offering includes a warehouse facility with dedicated office space to support day-to-day operations and administration.
The property is located in Tumwater and is described as close to Highway 101 and Interstate 5, supporting convenient regional access.
For sale, the offering includes a warehouse facility with dedicated office space to support day-to-day operations and administration.
Key Highlights
- Recently remodeled warehouse in Tumwater
- Ample office space plus warehouse and storage space
- Located near Highway 101 and Interstate 5
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $387.7k | $12.24 |
| − Vacancy | −$20.9k | −$0.66 |
| EGI | $366.8k | $11.58 |
| − OpEx | −$55.0k | −$1.74 |
| NOI | $311.8k | $9.84 |
31,675 SF · lease $12.24/SF/yr · vacancy 5.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.89M
$5.16M – $6.88M
NOI $412,561 @ 7.0% cap · market cap 10.33%
Second Best
Warehouse
$4.45M
$3.90M – $5.20M
NOI $311,751 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$9.27M
$8.12M – $10.82M
NOI $649,211 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Percival Catering — Olympia, WA 98512
Frequently Asked Questions
What type of property is this?
Flex space - Recently remodeled warehouse with ample office space, offering combined storage and office use.
Where is this flex space located?
The property is located at 2500 Mottman Rd SW Tumwater, WA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Recently remodeled warehouse in Tumwater; Ample office space plus warehouse and storage space; Located near Highway 101 and Interstate 5
