Retail Property with High
5103 Capitol Boulevard South Tumwater, WA 98501
For Sale
Contact for pricing
High-visibility retail property with value-add opportunities in Tumwater, WA.
Property Size17,208 SF
Price / SF$244.07
Days on Market80
Property Features for 5103 Capitol Boulevard South
General Information
Standard status
Active
Size
17,208 SF
Property subtype
Retail
Building Details
Year Built
1972
Listing Agency:
CBRE - Seattle
Listed By:
Patrick Kane · License #25030374
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 29 at 11:27AM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
This retail property offers excellent visibility along a high-traffic corridor. The property features loyal, well-followed tenants and multiple value-add opportunities. The HVAC systems have been recently replaced. A new roof is scheduled for installation in 2025. The property includes 81 parking stalls and four curb cuts on Capitol Boulevard South. The property size is 17208 square feet.
Key Highlights
- Excellent visibility along a high‑traffic corridor
- New Roof Installed 2025
- HVAC Systems recently replaced
Financial Insights For Retail
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 | $309.7k | $18.00 |
| − Vacancy | −$13.0k | −$0.76 |
| EGI | $296.7k | $17.24 |
| − OpEx | −$89.0k | −$5.17 |
| NOI | $207.7k | $12.07 |
17,208 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.46M
NOI $207,714 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,695 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 705 Trosper Rd SW Safeway, Tumwater, WA 98512
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc., 555 Trosper Road SW, Tumwater, WA 98512
- Coinstar Kiosk - Bitcoin ATM — Kroger - Fred Meyer Inc, 555 Trosper Rd SW, Tumwater, WA 98512
- Coinstar Bitcoin ATM — kroger - fred meyer inc., 555 trosper road sw, tumwater, wa 98512
Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility retail property with value-add opportunities in Tumwater, WA.
Where is this shopping center located?
The property is located at 5103 Capitol Boulevard South Tumwater, WA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Excellent visibility along a high‑traffic corridor; New Roof Installed 2025; HVAC Systems recently replaced
