Retail Space with On-Site
New
For Sale
Contact for pricing
201 W Lee St, Tumwater, WA 98501
A flexible commercial layout accommodates retail, showroom, office, service, or specialty uses.
Property Size4,400 SF
Price / SF$272.73
Days on Market5
Property Features for 201 W Lee St
General Information
Standard status
Active
Size
4,400 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
BHGRE Commercial Premier NW
(360) 529-0343
Listed By:
Joni Baker
(360) 943-9922
Source:
Moodyscre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:44AM
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 Commercial Premier NW
Investment Insights
Based on property information with market context.
This 4,400-square-foot retail property at 201 W Lee St has a flexible layout and on-site parking. The stated use options include retail, showroom, office, service, and specialty commercial applications.
The property is in Tumwater, with connections to I-5 and access to the surrounding Tumwater and Olympia areas. Signage opportunities and street exposure are also noted.
The property is in Tumwater, with connections to I-5 and access to the surrounding Tumwater and Olympia areas. Signage opportunities and street exposure are also noted.
Key Highlights
- 4,400 square feet of retail space
- On‑site parking for customer access
- Signage opportunities and street exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,112
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,240
$1.1M
Cap Rate 7%
$758,743
$758.7K
Cap Rate 9%
$590,133
$590.1K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$79.2K $18.00/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$75.9K $17.24/SF
− OpEx
−$22.8K −$5.17/SF
NOI
$53.1K $12.07/SF
Area
Thurston County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,240
Cap Rate 7%
$758,743
Cap Rate 9%
$590,133
Alternative Uses
Best Use
Retail
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,182 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - A flexible commercial layout accommodates retail, showroom, office, service, or specialty uses.
Where is this retail space located?
The property is located at 201 W Lee St Tumwater, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,400 square feet of retail space; On‑site parking for customer access; Signage opportunities and street exposure
