Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3507 Capitol Blvd Tumwater, WA 98501

    Sponsored
    For Sale
    $600,000

    Prime Tumwater redevelopment opportunity. 0.63 acres, Brewery District zoning.

    Property size:
    5,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.63-acre commercial land parcel presents a compelling redevelopment opportunity in Tumwater, Washington. Located at 3507 Capitol Blvd SW, this property boasts a prime corner location at the intersection of Capitol Boulevard and Custer Way, within the vibrant Brewery District. The site offers 27,443 square feet of land and includes a two-story building (5,085 total square feet) constructed in 1964 and renovated in 2005. The building currently sits vacant and offers a flexible layout with approximately 528 square feet of office space and 4,530 square feet of retail space. The property is zoned for Brewery District use, reflecting its location in a rapidly revitalizing area. The asking price is $600,000, translating to $117.99 per square foot. The property features a parking ratio of 1 space per 200 square feet. This is a rare chance to acquire a significant land holding in a high-growth area with considerable potential for future development. The Thurston County location and convenient access to major thoroughfares make this an attractive investment for owner-users seeking a strategic location in a thriving community. The APN is 45700500000.

    Property Features for 3507 Capitol Blvd

    General Information

    Property type
    Land
    Square Feet
    5,085 SF
    Class
    B
    Lot Size
    27,443 SF

    Building Details

    Year Built/Renovated
    1964/2005
    Buildings
    1
    Stories
    2

    HighLights

    • Cross streets: Capitol Blvd & Custer Way
    • Thurston County location
    • 27,443 SF lot
    • 528 SF of office space
    • 4,530 SF of retail space
    • 1:200 parking ratio
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.9019688
    Latitude
    47.0162371

    Nearby Similar for Sale

    • $13,055,000

      Olympia Class A Commercial Building

      51,600 SF Class A building in a thriving business corridor.
      6300 Linderson Way SW, Tumwater, WA 98501
      View Details
    • $4,290,000

      High-Performing Denny's Restaurant For Sale

      Denny's restaurant in Tumwater, WA with a new 20-year lease.
      600 Trosper Rd SW Tumwater, Tumwater, WA 98512
      View Details
    • $109,900
      1,358 SF

      Spacious Home in 55+ Community

      Move-in ready 2 bed, 2 bath home in Tumwater.
      930 Trosper Rd SW, Tumwater, WA 98512
      View Details
    • $399,000
      2,227 SF

      Updated Condo with Lake Views

      Move-in ready condo featuring new appliances and lake access.
      1500 Lake Park Dr SW, Tumwater, WA 98512
      View Details
    • $6,300,000

      Tumwater Warehouse with Mezzanine

      Steel-framed warehouse with mezzanine, retail environment, and ample parking.
      7960 Center St SW, Tumwater, WA 98501
      View Details
    • $1,950,000
      9,654 SF

      Versatile Building with Existing Tenant

      Adaptable building suitable for school, medical, or office use.
      1625 Mottman Rd SW, Tumwater, WA 98512
      View Details
    • $2,550,000
      16,000 SF

      Two Light Industrial Warehouses

      Two 8,000 SF light industrial warehouses in Tumwater, WA.
      2407 50 Ave SW, Tumwater, WA
      View Details
    • $2,783,505
      2,540 SF

      Ground Leased Wendy's For Sale

      20-Year Ground Leased Wendy's with zero landlord responsibility.
      1401 Kingswood Dr SW, Tumwater, WA 98512
      View Details
    • $2,783,505
      2,540 SF

      Ground Leased Wendy's For Sale

      20-year ground lease Wendy's in Tumwater, WA, opening May 2025.
      1401 Kingswood Dr SW, Tumwater, WA 98512
      View Details
    • $850,000

      Tumwater Office Building For Sale

      Well-maintained 7,200 SF office building with recent upgrades.
      6128 S Capitol Blvd, Tumwater, WA 98501
      View Details
    • $1,450,000
      7,812 SF

      Industrial Building in Light Industrial Park

      7,812 SF industrial building with office space for sale.
      2803 29 Ave SW, Tumwater, WA
      View Details
    • $549,000

      Tumwater Investment Opportunity For Sale

      23,000+/- sqft lot with redevelopment potential in Tumwater.
      6017 Capitol Blvd SW, Tumwater, WA 98501
      View Details

    FAQs

    What type of property is this?
    Land - Prime Tumwater redevelopment opportunity. 0.63 acres, Brewery District zoning.
    Where is this land located?
    The property is located at 3507 Capitol Blvd Tumwater, WA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Cross streets: Capitol Blvd & Custer Way; Thurston County location; 27,443 SF lot
    Request Owner's contact information
    3507 Capitol Blvd Tumwater, WA 98501
    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.
    3507 Capitol Blvd
    Tumwater, WA 98501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3507 Capitol Blvd Tumwater, WA 98501
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.