Financial
Distress signals
Property profile

6528 Capitol Blvd SE Tumwater, WA 98501

FOR LEASE
Retail space
Property ID
US90-1481962
7,500 SF 0.55 ac lot Built 1992
Last sale Aug 2025 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
6528 Capitol Blvd SE, Tumwater, WA 98501 For Lease
Contact for pricing 3,026 SF available
6528 Capitol Blvd SE, Tumwater, WA 98501
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Property summary

AI-generated overview

A 2,132-square-foot flex/retail endcap unit is located on a hard corner at a lighted intersection, providing visibility from Capitol Boulevard. The space includes a grade-level garage door at the rear and is arranged for customer access with convenient nearby parking. The surrounding area includes established retail, restaurants, and service uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2022$1.67M
Assessed land$294k
Assessed improvement$1.37M
Effective rate0.97%

Value estimate

· Sep 2026
$1.24M
$1.11M – $1.36M
CAP approach$1.40M
Submarket $/SF estimate$821k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 144,429.41% cap applied$25k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$247/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$142 – $426
Qualifying comparables5

Cap rate analysis

How does the asset earn?
144,429.41%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.1
HVAC Service9.0
Electrical Service8.6

Location

6528 Capitol Blvd SE Tumwater, WA 98501
County assessor Recorded deeds · 9 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Capitol S, Olympia, WA 98501-1204 $1,025,000 Jun 2025 7,089 SF
311 4th E, Olympia, WA 98501-1106 $1,200,000 Apr 2025 8,797 SF
2921 Pacific SE, Olympia, WA 98501-2040 $1,000,000 Mar 2025 8,336 SF
3520 Pacific SE, Olympia, WA 98501-2121 $18,355,000 Feb 2025 6,768 SF
223 5th SE, Olympia, WA 98501-1114 $1,976,100 Dec 2024 8,255 SF
9418 Old Hwy 99th SE, Olympia, WA 98501-9521 $1,155,000 Jun 2024 7,944 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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