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    FOR SALE
    Commercial land

    7960 Center St SW, Tumwater, WA 98501

    2.71 ac lot
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-1096653
    7960 Center St SW, Tumwater, WA 98501 For Sale
    $6,300,000
    7960 Center St SW, Tumwater, WA 98501
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 7960 Center St SW, Tumwater, WA 98501. The property boasts a substantial 52,570 square feet of space, situated on a 2.71-acre lot. Built in 2007, this one-story steel-framed warehouse features a 26-28 foot ceiling height, steel siding and roofing, and includes approximately 2,000 square feet of mezzanine space. The building is equipped with six HVAC units, 440 KVA electrical power, and natural gas heat. Ample parking is provided with 90 stalls. The property offers a strong cap rate of 6.84%, generating a net operating income (NOI) of $431,216, with an asking price of $6,300,000 ($119.84/sq ft). The property's tax ID numbers are 39390000100 and 99740331500. This well-maintained warehouse benefits from its location in Thurston County, Washington, known for its stable and growing economy, significantly supported by a substantial government presence. The property presents a compelling investment opportunity due to its strong financial performance and desirable location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.71 ac (118,048 SF)
    APN 3939-00-00100
    UPID US90-1096653
    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
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Center Street Carting LLC · 8 yrs held
    Center Street Carting LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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