Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6528 Capitol Blvd SE Tumwater, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/Retail space with grade level garage door and high visibility.

    Type:RETAIL
    Property size:
    2,132 SF
    Lot size:
    0.55 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 6528 Capitol Blvd SE

    General Information

    Standard status
    Active
    Size
    2,132 SF
    Lot size
    0.55 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 6528 Capitol Blvd SE Contact us

    We can help!

    Listing Contact
    Michael Olson
    Michael Olson

    Listing agent Michael Olson

    Listing office First Western Properties - Tacoma, Inc.

    Listing date Sep 22, 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 First Western Properties - Tacoma, Inc.

    Overview

    Tumwater Flex/Retail Endcap Unit

    This 2,132 square foot flex/retail space is an endcap unit situated at a hard corner with a lighted intersection. The property benefits from prime visibility along Capitol Boulevard, which experiences strong daily traffic. A grade-level garage door is located at the rear of the space. The location offers easy access and convenient customer parking. The surrounding area features established retailers, restaurants, and services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.907
    Latitude
    46.9893

    Nearby Similar for Lease

    • $1,500/Mo

      High-Visibility Retail/Office Space Available

      Standalone building in Fred Meyer center, ideal for retail/office.
      5304 Littlerock Rd SW, Tumwater, WA 98512
      View Details
    • $3,201/Mo

      Creative Space with Warehouse

      Office and warehouse space suitable for showroom or creative uses.
      2840 Crites St SW, Tumwater, WA 98512
      View Details
    • $9,006/Mo

      Retail Space Near Major Retailers

      2,573 SF retail space in a newly developed center.
      1401 Kingswood Dr SW, Tumwater, WA 98512
      View Details
    • $43 SF/Yr

      Retail Space in Craft District

      New retail space available Spring 2026 in Tumwater's Craft District.
      4120 Capitol Blvd SE, Tumwater, WA
      View Details
    • $52,234 SF/Yr

      High-End Office Space Available

      Three-floor office space near Hwy 101 and I-5.
      1570 Irving St SW, Tumwater, WA 98512
      View Details
    • $6,649/Mo

      Spacious Warehouse in Mottman Area

      8,865 SF warehouse with roll-up door and ample parking.
      2540 Crites St SW, Tumwater, WA 98512
      View Details
    • $2,380/Mo

      Updated Warehouse Space Near I-5

      Versatile warehouse space in Tumwater with convenient I-5 access.
      5017 Joppa St SW, Tumwater, WA 98512
      View Details
    • $3,200/Mo

      Office Space with Warehouse

      Office space with warehouse and showroom potential in Tumwater.
      2840 Crites St SW, Tumwater, WA
      View Details
    • Contact for pricing

      Office Building Near Interstate 5

      Office building with flexible layout and convenient highway access.
      1760 Barnes Blvd SW, Tumwater, WA 98512
      View Details
    • $15,000/Mo

      Tumwater Industrial Space Sublease

      Industrial space available for sublease in Tumwater, Washington.
      2670 Crites St SW, Tumwater, WA 98512
      View Details
    • $0.75 SF/Yr

      Warehouse with Showroom For Lease

      Warehouse and showroom space available for lease in Tumwater.
      2540 Crites St SW, Tumwater, WA
      View Details
    • $18 SF/Yr

      Tumwater Retail/Office Space Available

      Retail or office space in Tumwater Brewery District.
      502 Custer Way W, Tumwater, WA
      View Details

    FAQs

    What type of property is this?
    Retail space - Flex/Retail space with grade level garage door and high visibility.
    Where is this retail space located?
    The property is located at 6528 Capitol Blvd SE Tumwater, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime visibility along Capitol Boulevard with strong daily traffic counts.; Located at hard corner, lighted intersection.; Endcap Unit Flex/Retail Space.
    (253) 533-1386 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Olson
    Michael Olson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!