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    7960 Center St Tumwater, WA 98501

    For Sale
    $6,300,000

    Tumwater, WA Warehouse - Net Lease

    Property size:
    52,570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 7960 Center St SW, Tumwater, WA 98501. The property boasts a substantial 52,570 square feet of space, situated on a 2.71-acre lot. Built in 2007, this one-story steel-framed warehouse features a 26-28 foot ceiling height, steel siding and roofing, and includes approximately 2,000 square feet of mezzanine space. The building is equipped with six HVAC units, 440 KVA electrical power, and natural gas heat. Ample parking is provided with 90 stalls. The property offers a strong cap rate of 6.84%, generating a net operating income (NOI) of $431,216, with an asking price of $6,300,000 ($119.84/sq ft). The property's tax ID numbers are 39390000100 and 99740331500. This well-maintained warehouse benefits from its location in Thurston County, Washington, known for its stable and growing economy, significantly supported by a substantial government presence. The property presents a compelling investment opportunity due to its strong financial performance and desirable location.

    Property Features for 7960 Center St

    General Information

    Property type
    Distribution properties
    Square Feet
    52,570 SF
    Lot Size
    118,048 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional single‑tenant, net‑lease warehouse investment opportunity.
    • 52,570 square foot building on a 2.71‑acre lot in Tumwater, WA.
    • Built in 2007, featuring 26‑28 foot ceilings, steel frame, siding, and roofing, plus 2,000 square feet of mezzanine space.
    • 90 parking stalls, six HVAC units, 440 KVA power, and natural gas heat.
    • Strong 6.84% cap rate, $431,216 NOI, $6,300,000 asking price ($119.84/sq ft).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.9175298
    Latitude
    46.9719575

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    FAQs

    What type of property is this?
    Distribution property - Tumwater, WA Warehouse - Net Lease
    Where is this distribution property located?
    The property is located at 7960 Center St 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: Exceptional single-tenant, net-lease warehouse investment opportunity.; 52,570 square foot building on a 2.71-acre lot in Tumwater, WA.; Built in 2007, featuring 26-28 foot ceilings, steel frame, siding, and roofing, plus 2,000 square feet of mezzanine space.
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    Realmo Value Estimation

    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.

    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.

    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
    7960 Center St Tumwater, WA 98501
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