Property profile

2500 Mottman Rd SW Tumwater, WA 98512

FOR LEASE
Office Spaces
Property ID
US90-1419055
29,874 SF 2.28 ac lot Built 1978
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 31,675-square-foot flex space, located at 2500 Mottman Rd SW in Tumwater, WA 98512, presents a compelling investment opportunity. The property, situated on a 2.28-acre lot (APN 63050000300), boasts a single, two-story building constructed in 1978 and extensively renovated in 2019. The building is zoned for Light Industrial use and offers a blend of office and warehouse space, ideal for an owner-user seeking a consolidated operation. Its strategic location provides convenient access to Interstate 5 and Highway 101, ensuring efficient transportation and logistics. The asking price is $5,995,000, and the property is offered under a Triple Net Lease (NNN) arrangement with multi-tenancy. This turnkey property is ready for immediate occupancy and represents a rare opportunity to acquire a well-maintained, strategically located industrial asset in the thriving Tumwater market. The property features ample space for both office and warehouse/storage needs, making it suitable for a variety of businesses. This is a multi-tenant property.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction STEEL FRAME
Total area 29,874 SF
Lot 2.28 ac (99,317 SF)
APN 6305-00-00300
UPID US90-1419055

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Solar Energy Company

Location

2500 Mottman Rd SW Tumwater, WA 98512
Tumwater metro Census 10910 OLYMPIA, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.77M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.95M

Owner & transaction history

since 2018
5 recorded transactions
2022
Price N/A
2019
Price N/A
2018
$1.8M
2014
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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