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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    575 Trosper SW Rd Tumwater, WA 98512-6903

    • Retail space
    • 6,060 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1077074
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 575 Trosper SW Rd

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    0.52 lot acres
    Property size
    6,060 SF
    Property type
    Retail space
    APN
    1283-44-30505
    APU
    12834430505

    Description

    This exceptional retail space, located at 575 Trosper Rd SW in Tumwater, Washington, presents a fantastic opportunity for businesses seeking a prime location in Thurston County. The property is a strip center with multiple tenancies, offering a vibrant and established commercial environment. Currently, 1,100 square feet of retail space is immediately available for lease, providing ample room for a variety of businesses. The address is conveniently situated at 575 Trosper Rd SW, Tumwater, WA 98512, offering excellent visibility and accessibility for customers. The property's precise square footage is currently unavailable, but the available space is ready for immediate occupancy. This presents a unique chance to establish or expand your business in a thriving community. The property's location within a multi-tenant strip center ensures high foot traffic and exposure to a diverse customer base. Interested parties are encouraged to inquire promptly to secure this desirable retail space. The zip code is 98512, and the property is classified as a retail strip center. This is an excellent opportunity to lease a space in a well-established commercial area. The property is located in Thurston County, Washington. The available space is ideal for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,220,000
      6.5%
      $1,125,000
      7%
      $1,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $707,000
      Market price range: $286k - $1.34M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.915
    Latitude
    46.9996
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,947
    $348,900
    $1,390,200
    $1,739,100
    -
    $348,900
    $1,390,200
    $1,739,100

    Comparable in this City

    • Value Estimation
      $2,400,000
      14,946 SF

      5729 Littlerock SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,946 SF
      5729 Littlerock SW Rd, Tumwater, WA 98512-7386
      View Details
    • Value Estimation
      $1,595,000
      8,500 SF

      2140 Mottman SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      2140 Mottman SW Rd, Tumwater, WA 98512-7823
      View Details
    • Value Estimation
      $2,435,000
      20,936 SF

      1830 Black Lk SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 20,936 SF
      1830 Black Lk SW Blvd, Tumwater, WA 98512-5602
      View Details
    • Value Estimation
      $2,120,000
      11,616 SF

      5743 Littlerock SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,616 SF
      5743 Littlerock SW Rd, Tumwater, WA 98512-7326
      View Details
    • Value Estimation
      $1,330,000
      7,118 SF

      5739 Littlerock SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,118 SF
      5739 Littlerock SW Rd, Tumwater, WA 98512-7324
      View Details
    • Value Estimation by Request
      3,312 SF

      9145 Fassett SW St

      RETAIL STORES (PERSONAL SERVICES) • 3,312 SF
      9145 Fassett SW St, Olympia, WA 98512-7730
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Retail Space in Tumwater, WA

      Retail space available for lease in Tumwater, Washington.
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      View Details
    • Contact for pricing
      1,302 SF

      Retail Space in Tumwater, WA

      Retail space available for lease in Tumwater, Washington.
      555 Trosper Rd Southwest, Tumwater, WA 98512
      View Details
    • $0.75 SF/Yr
      8,865 SF

      Warehouse with Showroom For Lease

      Warehouse and showroom space available for lease in Tumwater.
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    • $22 SF/Yr
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      Retail Space Near Interstate 5

      Retail space available in anchored shopping center near Interstate 5.
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      Recently renovated office space with flexible layout, minutes from I-5.
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    575 Trosper SW Rd
    Tumwater, WA 98512-6903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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