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Bldg 14 206 Tumwater Blvd SW 6,000 SF 64% Leased Retail Building Tumwater, WA 98501 $1,375,000 ($229.17/SF) 6.25% Cap Rate
Executive Summary
Recently renovated single story 6,000 sqft retail/medical/office space! Property rebuilt from the ground up in 2025, all new roof, siding, doors, windows, electrical, HVAC systems and much more! Property is 65% occupied, 2 of 3 suites are tenant occupied. 3 year leases in place, with options to renew. Located off of Tumwater Blvd, minutes from freeway. Tumwater is undergoing through tremendous growth, potential for more growth and income with increased population growth. 70+ years remaining on ground lease! Ground lease fee includes property taxes, landscaping, security services, garbage service, parking lot maintenance and courtyard maintenance, lighting for common areas. Don't miss out on this opportunity! Sister building next door also available for sale. Contact LA for special pricing if both buildings purchased together. Can be used as retail, medical or office space.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,000
|
$20.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,000
|
$20.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,000
|
$5.00
|
| Net Operating Income |
$94,000
|
$15.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $20.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $20.67 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $5.00 |
| Net Operating Income | |
|---|---|
| Annual | $94,000 |
| Annual Per SF | $15.67 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Building Size
6,000 SF
Building Class
A
Year Built
2026
Price
$1,375,000
Price Per SF
$229.17
Cap Rate
6.25%
NOI
$86,000
Percent Leased
64%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.52 AC
Zoning
TC
Parking
100 Spaces (16.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Can be used as retail, medical or office space.
| Space | Size | Space Use | Position | Available |
| 100 | 2,133 SF | Office | - | Now |
100
| Size |
| 2,133 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
100
| Size | 2,133 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Can be used as retail, medical or office space.
Nearby Major Retailers
Property Taxes
| Parcel Number | 82701600300 | Improvements Assessment | $0 |
| Land Assessment | $3,926,900 | Total Assessment | $3,926,900 |
Property Taxes
Parcel Number
82701600300
Land Assessment
$3,926,900
Improvements Assessment
$0
Total Assessment
$3,926,900
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Bldg 14 | 206 Tumwater Blvd SW
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