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Property summary
This exceptional mixed-use storefront property, known as Cleveland Plaza, presents a compelling investment opportunity. Located at 321 Cleveland Ave SE in Tumwater, Washington, 98501, this fully renovated (2019-2023) building boasts 15,765 net rentable square feet across three stories. The property sits on a 0.78-acre lot within Thurston County's Brewery District, benefiting from excellent visibility and accessibility. Currently operating at 100% occupancy with a strong tenant mix and… several long-term leases, Cleveland Plaza generates a substantial net operating income (NOI) of $312,610, yielding a 7.36% capitalization rate. The building, constructed in 1984, features a northwest contemporary design with abundant natural light. Its prime location across from Tumwater Safeway, near I-5 and downtown Olympia, and on a bus line ensures high traffic and convenient access. The property's APN is 84900200600, and it is classified as a Class B, stabilized investment with a multi-tenancy NNN lease structure. The asking price is $4,250,000. This is a rare opportunity to acquire a fully renovated, high-performing asset in a thriving commercial district.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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