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    FOR LEASE
    Retail space

    6528 Capitol Blvd SE, Tumwater, WA 98501

    7,500 SF 0.55 ac lot Built 1992
    Entity Owned ~ Est. High Equity
    Property ID
    US90-1481962
    6528 Capitol Blvd SE, Tumwater, WA 98501 For Lease
    $17 SF/Yr 2,132 SF available
    6528 Capitol Blvd SE, Tumwater, WA 98501
    View Listing →
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 6528 Capitol Boulevard SE in Tumwater, Washington, presents a significant investment opportunity. Priced at $1,990,000, the property is classified as General Commercial and offers substantial potential for a variety of uses. While the square footage is not currently specified, the property sits on a lot of zero acres, suggesting a compact and potentially highly efficient layout. The property's location on Capitol Boulevard SE in Tumwater provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in this thriving community. Interested parties are strongly encouraged to review the provided operating memorandum for a comprehensive understanding of the property's features, financials, and potential. This is a rare chance to acquire a well-situated commercial property in a desirable location, offering a strong return on investment for the discerning buyer. The absence of specified square footage underscores the need for a thorough review of the operating memorandum to fully assess the property's suitability for intended purposes. Further details regarding the property's specifics are available within the operating memorandum. Serious inquiries only.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1992
    Construction WOOD FRAME
    Total area 7,500 SF
    Lot 0.55 ac (23,958 SF)
    APN 1270-22-31207
    UPID US90-1481962
    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
    $1.40M
    Comparable Approach Comparable
    $821k
    Blend (final) Blend
    $1.24M
    Owner & transaction history
    Carman Real Estate 1 LLC
    Carman Real Estate 1 LLC
    since 2025
    Last sale
    $1.4M
    7 recorded transactions
    2025
    $1.4M
    2019
    $1.1M
    2017
    1991
    $139,317
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.9M +0.9%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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