Property profile

297 Sussex W Ave Tenino, WA 98589

OFF-MARKET
Retail space
Property ID
US90-1418645
3,565 SF 0.1 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This prime commercial property in downtown Tenino, WA, boasts high visibility at a key business corner. The substantial stone building offers over 3500 square feet, currently divided into three separate units, but easily adaptable into a single large space. High ceilings (15 feet) and hardwood floors throughout create a versatile interior. Abundant natural light floods the space through windows on two sides, ideal for retail or other commercial uses. A commercial kitchen is already installed, presenting opportunities for cafГ© or restaurant operations. The property benefits from a brand new HVAC system, ensuring year-round comfort. Designated parking spaces are included, supplemented by ample street and public parking nearby. Its convenient location offers easy access to Tenino Park and the quarry pool, enhancing its appeal and potential for attracting customers. The property is subject to existing leases. This is a rare opportunity to acquire a well-situated, established commercial building in a thriving downtown area. The building's size, features, and location make it an excellent investment for a variety of commercial ventures. The high visibility and proximity to local amenities ensure strong potential for business success.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,565 SF
Lot 0.1 ac (4,356 SF)
APN 5490-09-00801
UPID US90-1418645

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

297 Sussex W Ave Tenino, WA 98589-9360
Tenino metro Census 12620 OLYMPIA, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2021
Last sale
$325,000
2 recorded transactions
2021
$325,000
2015
$230,000

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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