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    OFF-MARKET
    Distribution centers

    4957 Joppa St, Tumwater, WA 98512

    1.17 ac lot
    Entity Owned 1-yr Hold
    Property ID
    US90-1904549
    Property summary
    AI-generated overview

    This exceptional 1.17-acre industrial property, designated Lot 6 within the Beehive Industrial Park in Tumwater, Washington, presents a unique investment opportunity. Currently utilized as a fenced yard and storage area for Mikes Welding and Crane Services, this warehouse property offers significant potential for various industrial uses. The property is zoned LI and features a convenient location at 4957 Joppa St SW, Tumwater, WA 98512. The asking price is $2,490,000. The property's convenient location provides easy access to major transportation routes, enhancing its logistical appeal. While the current use is storage, the zoning allows for a range of industrial applications, making it suitable for businesses seeking a versatile and strategically located space. The property includes the APN numbers 33720000600, 12833420400, and 12833420301. Note that this 1.17-acre lot is part of a larger holding that includes two adjacent residential parcels totaling approximately 11.27 acres. This presents a unique opportunity for expansion or potential future development. Serious inquiries are encouraged to explore the full potential of this prime industrial property.

    Property profile
    Verified
    Property type Distribution centers
    Lot 1.17 ac (50,965 SF)
    APN 33720000600, 12833420400, 12833420301
    UPID US90-1904549
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    M&m Grate LLC · 1 yrs held
    M&m Grate LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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