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    Two Light Industrial Warehouses

    2407 50th Ave SW Tumwater, WA

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    Two 8,000 SF light industrial warehouses in Tumwater, WA.

    Type:INDUSTRIAL
    Property size:
    16,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $159/SF
    Added:
    Oct 30, 2025
    Days on Market:
    256
    Last Refresh:
    May 19 at 9:18 pm

    Property Features for 2407 50th Ave SW

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Lot size
    1.00 Acre
    Property subtype
    INDUSTRIAL

    Listing office BHGRE Commercial Premier NW

    Listing date Oct 30, 2025

    Source Moodyscre

    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 property features two 8,000 SF light industrial warehouses located in Tumwater, WA. Situated on a lot that is just under one acre, the property is zoned Light Industrial (LI), which allows for manufacturing, distribution, and storage. Both buildings are equipped with 3-phase power and fire sprinklers. Multiple office spaces are available in each warehouse. One warehouse includes an HVAC system. The warehouses are clean, well-maintained, and ready for occupancy. Previously utilized as a licensed marijuana manufacturing facility, the site retains eligibility for continued cannabis use. The property offers convenient access to I-5 and nearby services.

    Key Highlights

    • Two 8,000 SF light industrial warehouses.
    • Zoned Light Industrial (LI) allowing for manufacturing, distribution, storage, and more.
    • Eligibility for continued cannabis use.

    Local 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 $195.8k $12.24
    − Vacancy −$10.6k −$0.66
    EGI $185.3k $11.58
    − OpEx −$27.8k −$1.74
    NOI $157.5k $9.84
    16,000 SF · lease $12.24/SF/yr · vacancy 5.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.25M
    $1.97M – $2.62M (±1% cap)
    NOI $157,475 @ 7.0% cap · market cap 6.18%
    Second Best
    Industrial
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,822 @ 7.0% cap · market cap 5.09%
    Theoretical Best
    Office A
    $4.68M
    $4.10M – $5.47M (±1% cap)
    NOI $327,936 @ 7.0% cap · market cap 12.86%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Building Supply Real Estate Agency Big Box & Wholesale Store Auto Parts Store Restaurant Kitchen & Bath Showroom Law Firm Garden Center Auto Repair Shop HVAC Service

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

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    FAQs

    What type of property is this?
    Warehouse - Two 8,000 SF light industrial warehouses in Tumwater, WA.
    Where is this warehouse located?
    The property is located at 2407 50th Ave SW Tumwater, WA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: Two 8,000 SF light industrial warehouses.; Zoned Light Industrial (LI) allowing for manufacturing, distribution, storage, and more.; Eligibility for continued cannabis use.
    Contact an agent
    (360) 508-2502 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    April Kelley
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