Flex Space with Retail/Office
502 Custer Way Tumwater, WA 98501
502 Custer Way, Tumwater, WA, 98501
Contact for pricing
For Sale
Contact for pricing
Flex configuration with frontage for visitor-facing use plus expansive storage and warehouse space.
Property Size10,000 SF
Lot Size0.19 Acres
Price / SF$119.90
Days on Market51
Property Features for 502 Custer Way
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.19 Acres
- Property subtype
- Retail, Industrial, Mixed Use
Building Details
- Year Built
- 1948
Listing agency
Greene Commercial
(360) 688-8333
Listed by
Quint Newell · License #WA 113575
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 12:51PM
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 Greene Commercial
Investment Insights
Based on property information with market context.
Located at 502 Custer Way on a 0.19-acre parcel in Tumwater’s Brewery District, this flex space offers a practical mix of retail or office frontage and back-of-house storage. The property includes expansive storage, an industrial warehouse, and a secure private parking garage, supporting both day-to-day operations and customer access.
The site is zoned BD and is positioned outside of all flood zones. The frontage along Custer Way is designed for retail or office presence, while the interior layout accommodates industrial use with dedicated storage and warehouse space.
This setup is well matched for operators looking to combine a visitor-facing component with dependable on-site warehousing. The property is described as suitable for a brewery or tap room, and it also fits a small contractor needing storage, warehouse space, and secure parking for staff and equipment. Offered for sale, it provides an owner-occupied or business-use option within a Brewery District trade area.
The site is zoned BD and is positioned outside of all flood zones. The frontage along Custer Way is designed for retail or office presence, while the interior layout accommodates industrial use with dedicated storage and warehouse space.
This setup is well matched for operators looking to combine a visitor-facing component with dependable on-site warehousing. The property is described as suitable for a brewery or tap room, and it also fits a small contractor needing storage, warehouse space, and secure parking for staff and equipment. Offered for sale, it provides an owner-occupied or business-use option within a Brewery District trade area.
Key Highlights
- Commercial property on a 0.19‑acre parcel in Tumwater’s Brewery District
- Zoned BD and located outside all flood zones
- Flexible layout with retail or office frontage on Custer Way plus expansive storage
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 | $122.4k | $12.24 |
| − Vacancy | −$6.6k | −$0.66 |
| EGI | $115.8k | $11.58 |
| − OpEx | −$17.4k | −$1.74 |
| NOI | $98.4k | $9.84 |
10,000 SF · lease $12.24/SF/yr · vacancy 5.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,708 @ 7.0% cap · market cap 10.07%
Second Best
Warehouse
$1.41M
$1.23M – $1.64M
NOI $98,422 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $204,960 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex configuration with frontage for visitor-facing use plus expansive storage and warehouse space.
Where is this flex space located?
The property is located at 502 Custer Way Tumwater, WA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Commercial property on a 0.19‑acre parcel in Tumwater’s Brewery District; Zoned BD and located outside all flood zones; Flexible layout with retail or office frontage on Custer Way plus expansive storage
