Remodeled Warehouse with
For Sale
Contact for pricing
2500 Mottman Rd SW, Tumwater, WA 98512
Recently remodeled warehouse with ample office space, offering combined storage and office use.
Property Size31,675 SF
Price / SF$126.12
Days on Market730
Property Features for 2500 Mottman Rd SW
General Information
Standard status
Active
Size
31,675 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Prime Locations, Inc.
(360) 943-9922
Listed By:
Zach Kosturos · License #98501
Source:
Moodyscre
Added: Oct 29, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:17AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$311,751
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,235,020
$6.2M
Cap Rate 7%
$4,453,586
$4.5M
Cap Rate 9%
$3,463,900
$3.5M
Market Conditions
NOI Build-Up for 31,675 SF
Gross rent
$387.7K $12.24/SF
− Vacancy
−$20.9K −$0.66/SF
EGI
$366.8K $11.58/SF
− OpEx
−$55.0K −$1.74/SF
NOI
$311.8K $9.84/SF
Area
Thurston County, WA
Vacancy
5.40%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,235,020
Cap Rate 7%
$4,453,586
Cap Rate 9%
$3,463,900
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98512, WA
31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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
