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    2801 Barnes Blvd SW Tumwater, WA 98512

    For Sale
    $2,500,000

    60-unit townhome development site with approved entitlements in Tumwater, WA.

    Property size:
    267,894 SF

    Property Features for 2801 Barnes Blvd SW

    General Information

    Standard status
    Active
    Size
    267,894 SF

    Source: CBRE Agent JORDAN LOUIE

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

    Overview

    Tumwater Hill Development Site

    The Tumwater Hill Development Site presents an opportunity to acquire a 60-unit townhome development in Tumwater, WA. The property has approved entitlements and previously issued grading permits, allowing for immediate construction commencement. The development features an average finished unit size exceeding 1,350 square feet. Select units include direct access tandem garages and a clubhouse. The low-density community provides ample living space for future tenants. The property size is 267,894 square feet.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Building Supply Gym & Fitness Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.922523
    Latitude
    47.019139

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    FAQs

    What type of property is this?
    Residential land & home lot - 60-unit townhome development site with approved entitlements in Tumwater, WA.
    Where is this residential land & home lot located?
    The property is located at 2801 Barnes Blvd SW Tumwater, WA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Entitlements approved and grading permits previously issued, allowing for immediate construction start.; - 60-unit townhome development site.; - Low-density community.
    Request Owner's contact information
    2801 Barnes Blvd SW Tumwater, WA 98512
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    Realmo Value Estimation

    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.

    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.

    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
    2801 Barnes Blvd SW Tumwater, WA 98512
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