Financial
Distress signals
Property profile

510 Custer Way Tumwater, WA 98501

FOR SALE
Retail space
Property ID
US90-0621721
5,244 SF 0.28 ac lot Built 2004
Last sale Apr 1991 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A mixed-use retail and office building with a multi-suite layout that supports flexible occupancy for retail storefront and professional office uses. The property is sited along high-traffic Custer Way in Tumwater’s Brewing District, with storefront frontage positioned for customer visibility. Parking is provided at the rear of the building to support access for visitors and occupants while maintaining primary customer activity along the main frontage. The structure is described as modern in

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?
$12k
Tax billed · 2023
Assessed value$1.21M
Assessed land$272k
Assessed improvement$937k
Effective rate0.97%

Value estimate

· Sep 2026
$830k
$747k – $913k
CAP approach$975k
Sales comparison$596k
NOI build-up
Gross scheduled income$113k
Vacancy & credit loss−$22k
Operating expenses−$23k
NOI · 7.19% cap applied$68k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$247/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$142 – $426
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.19%
$68k 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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.9
Hotel & Motel9.2
HVAC Service9.7

Location

510 Custer Way Tumwater, WA 98501
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales 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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