5113 Capitol Blvd Tumwater, WA 98501
This exceptional retail opportunity presents 44,329 square feet of leasable space in the Southgate Shopping Center, situated in Tumwater, Thurston County. The property boasts a prime location at a major intersection with convenient access to Interstate 5, Exit 102, ensuring high visibility and accessibility for customers. Currently, there are 2,200 square feet of vacant space available within the multi-tenant building, offering a chance for expansion or new business ventures. The center benefits from ample on-site parking, enhancing the shopping experience for patrons. The 0.882-acre lot provides sufficient space for the existing building and potential future development. The property's strategic location near I-5 and a busy intersection guarantees significant foot traffic and exposure to a large customer base. This makes it an ideal investment for businesses seeking a high-visibility location with strong potential for growth and profitability. The property is classified as specialty retail, offering a unique opportunity within the Tumwater market. The cross street is Trosper, further enhancing its accessibility and visibility within the local area. This is a rare opportunity to acquire a well-established retail center with significant potential for return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.