Financial
Distress signals
Property profile

1770 Barnes Blvd Tumwater, WA 98512

FOR LEASE
Office buildings
View Listing
Property ID
US90-1419358
3,136 SF 0.06 ac lot Built 2002
Last sale Jul 2021 · $418,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A standalone professional office building totaling 3,200 square feet, situated on a 0.06-acre lot. The building has been recently renovated and is configured as a single-tenant facility. The second floor includes seven finished private offices and a private restroom with a shower. The ground floor offers an unfinished open-plan layout that can be adapted for custom tenant improvements, supporting a range of office uses such as standard workspaces, collaborative areas, or client-facing operations.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$4k
Tax billed · 2023
Assessed value · 2022$432k
Assessed land$89k
Assessed improvement$343k
Effective rate0.98%

Value estimate

· Sep 2026
$400k
$360k – $440k
AI approach$430k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$14k
Operating expenses−$14k
NOI · 781.53% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$200/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$128 – $330

Cap rate analysis

How does the asset earn?
781.53%
$42k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.4
Electrical Service9.7
Pharmacy9.6

Location

1770 Barnes Blvd Tumwater, WA 98512
County assessor Recorded deeds · 3 transfers Comp sales · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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