7515 Terminal SW St Tumwater, WA 98501-7247
Property profile & analytics
7515 Terminal SW St Tumwater, WA 98501-7247
- Commercial land
- 7.58 lot acres
Property ID
US90-1544083
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.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 7515 Terminal SW St
- Lot size
- 7.58 lot acres
- Zone code
- LI
- Property type
- Commercial land
- APN
- 1271-01-10400
- APU
- 12710110400
Description
This exceptional investment opportunity presents a fully leased, stabilized mixed-use property located in Tumwater, WA, at 7515 and 7511 Terminal St SW. The property comprises two buildings totaling 26,461 square feet on a 3.36-acre lot, zoned ARI. A 9,792 square foot office building and a 11,698 square foot hangar/warehouse with runway access are included. The property benefits from a prime location adjacent to the Olympia Airport and with convenient access to I-5. The Washington State Department of Natural Resources occupies both buildings under leases extending to 2026 and 2028, respectively, ensuring strong, consistent cash flow. The land lease with the Port of Olympia runs until 2044, with four five-year extension options providing long-term security. Built in 1987 and renovated in 2023, this Class B property boasts a strong 8.25% cap rate, a $218,355 net operating income (NOI), and an asking price of $2,646,683 ($100.02 per square foot). This is a rare opportunity to acquire a high-performing, fully leased asset with significant long-term potential in a desirable location. The property features a modified lease type and is a single-tenancy investment.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Tumwater
- County
- Thurston
- State
- Washington
- Longitude
- -122.909
- Latitude
- 46.9791
- 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
$13
$1,384,200
$0.00
$1,384,200
-
$1,384,200
$0.00
$1,384,200
