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    Tumwater Warehouse with Mezzanine Title is generated by Realmo AI

    7960 Center St SW, Tumwater, WA 98501

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    Steel-framed warehouse with mezzanine and ample parking in Tumwater.

    Type:Industrial
    Property size:
    52,570 SF
    Lot size:
    2.80 Acres
    Price / SF:
    $119/SF
    Added:
    Sep 23, 2020
    Days on Market:
    2115
    Last Refresh:
    Jul 2 at 6:03 am

    Property Features for 7960 Center St SW

    General Information

    Standard status
    Active
    Size
    52,570 SF
    Lot size
    2.80 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2007

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    Joni Baker

    Listing office Premier Commercial NW

    Listing date Sep 23, 2020

    Source Crexi

    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 Premier Commercial NW

    HighLights

    • 52,000 Sq Ft Steel Framed Warehouse with 2,000 Sq Ft Mezzanine
    • 2.8 Acres (121,968 Sq Ft) of Leased Land
    • Built in 2008 with Steel Frame, Walls, and Roof
    • 440 KVA Electrical Power and Natural Gas Heat
    • 6 HVAC Units and Insulated Building
    • 90 Parking Stalls and Retail Environment

    Overview

    This property features a 52,000 square foot steel-framed warehouse with a 2,000 square foot interior second-floor mezzanine. Constructed in 2008, the building includes steel siding, steel roofing, and concrete floors. The facility is insulated and equipped with 6 HVAC units, 440 KVA of electrical power, and natural gas heat in the warehouse area. There are 90 parking stalls available. The property is situated on 2.8 acres of leased land, which is approximately 121,968 square feet. The interior has been newly finished to create a retail environment for the public. Located in Thurston County, the property benefits from a strong regional economy supported by a stable workforce, with 50% employed by the government.

    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 $643.5k $12.24
    − Vacancy −$34.7k −$0.66
    EGI $608.7k $11.58
    − OpEx −$91.3k −$1.74
    NOI $517.4k $9.84
    52,570 SF · lease $12.24/SF/yr · vacancy 5.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $7.39M
    $6.47M – $8.62M (±1% cap)
    NOI $517,404 @ 7.0% cap · market cap 8.21%
    Second Best
    Industrial
    $6.09M
    $5.33M – $7.11M (±1% cap)
    NOI $426,548 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Office A
    $15.39M
    $13.47M – $17.96M (±1% cap)
    NOI $1,077,475 @ 7.0% cap · market cap 17.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Auto Repair Shop Storage Facility Garden Center Dental Office Bakery Building Supply Barber Shop Plumbing Service Hair Salon Grocery & Convenience Store

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

    Similar Places Nearby

    • Airport Money Saver — 810 78th Ave SW, Tumwater, WA 98501

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.9175283
    Latitude
    46.9720109

    FAQs

    What type of property is this?
    Warehouse - Steel-framed warehouse with mezzanine and ample parking in Tumwater.
    Where is this warehouse located?
    The property is located at 7960 Center St SW Tumwater, WA.
    What is the asking price?
    The asking price for this property is $6,300,000.
    What are key features of this property?
    This property features: 52,000 Sq Ft Steel Framed Warehouse with 2,000 Sq Ft Mezzanine; 2.8 Acres (121,968 Sq Ft) of Leased Land; Built in 2008 with Steel Frame, Walls, and Roof
    More about this property
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