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    Tumwater Warehouse with Office Space

    2950 32nd Ave SW Tumwater, WA

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    For Sale
    Contact for pricing

    22,663 SF warehouse with office and lay down yard.

    Type:INDUSTRIAL
    Property size:
    22,663 SF
    Lot size:
    1.54 Acres
    Price / SF:
    $145/SF
    Added:
    Sep 30, 2025
    Days on Market:
    286
    Last Refresh:
    May 20 at 9:09 pm

    Property Features for 2950 32nd Ave SW

    General Information

    Standard status
    Active
    Size
    22,663 SF
    Lot size
    1.54 Acres
    Property subtype
    INDUSTRIAL

    Listing office Kidder Mathews

    Listing date Sep 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 Kidder Mathews

    Investment Insights

    Based on property information with market context.

    This property is a 22,663 square foot warehouse with a 7,049 square foot, two-story office component that includes private offices, a conference room, and a break room. The property also features a 20,000 square foot lay down yard in the rear. It is located in Mottman, Tumwater, with close access to I-5 and Highway 101. A cooling system is in place for an existing wine business and is negotiable. The property is available for sale or lease.

    Key Highlights

    • Premier Mottman, Tumwater location with close access to I‑5 and Highway 101.
    • Large 22,663 SF warehouse space.
    • Substantial 7,049 SF, two‑story office space features private offices, conference room, and break room.

    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 $277.4k $12.24
    − Vacancy −$15.0k −$0.66
    EGI $262.4k $11.58
    − OpEx −$39.4k −$1.74
    NOI $223.1k $9.84
    22,663 SF · lease $12.24/SF/yr · vacancy 5.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.19M
    $2.79M – $3.72M (±1% cap)
    NOI $223,053 @ 7.0% cap · market cap 6.76%
    Second Best
    Industrial
    $2.63M
    $2.30M – $3.06M (±1% cap)
    NOI $183,885 @ 7.0% cap · market cap 5.57%
    Theoretical Best
    Office A
    $6.64M
    $5.81M – $7.74M (±1% cap)
    NOI $464,501 @ 7.0% cap · market cap 14.08%
    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

    Real Estate Agency Restaurant Dental Office Pharmacy HVAC Service Furniture & Home Goods Skin Care Clinic Hair Salon Nail Salon Computer & Electronic Repair

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

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    FAQs

    What type of property is this?
    Warehouse - 22,663 SF warehouse with office and lay down yard.
    Where is this warehouse located?
    The property is located at 2950 32nd Ave SW Tumwater, WA.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Premier Mottman, Tumwater location with close access to I‑5 and Highway 101.; Large 22,663 SF warehouse space.; Substantial 7,049 SF, two‑story office space features private offices, conference room, and break room.
    Contact an agent
    (360) 705-1337 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Amy Harding
    Real Estate License ID: 125436
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