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502 Custer Way SE 10,000 SF 100% Leased Industrial Building Olympia, WA 98501 $1,199,000 ($119.90/SF) 4.62% Cap Rate
Investment Highlights
- Highly Flexible Layout
- Versatile User Appeal
- Strong Commercial Trade Corridor
- Prime Brewery District Location
- Secure Site Assets
Executive Summary
This is a rare opportunity to own a unique property in Tumwater's Brewery District. The flexible space includes an industrial warehouse, a secure private parking garage, and retail or office frontage on Custer Way. The building is well-suited for a brewery, tap room, or small contractor. Rare combination of street-level retail with warehouse. Opportunities like this do not come up often.
Data Room Click Here to Access
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,330
|
$11.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,330
|
$11.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,919
|
$3.56
|
| Net Operating Income |
$55,411
|
$7.92
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $80,330 |
| Annual Per SF | $11.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,330 |
| Annual Per SF | $11.48 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,919 |
| Annual Per SF | $3.56 |
| Net Operating Income | |
|---|---|
| Annual | $55,411 |
| Annual Per SF | $7.92 |
Property Facts
Amenities
- Mezzanine
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Lines Of Denmark
- Retailer
- -
- -
- Apr 2010
- Willi S Blue Inc
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Lines Of Denmark | Retailer | - | - | Apr 2010 | ||
| Willi S Blue Inc | Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 84900201300 | Improvements Assessment | $531,200 (2025) |
| Land Assessment | $321,200 (2025) | Total Assessment | $852,400 (2025) |
Property Taxes
Parcel Number
84900201300
Land Assessment
$321,200 (2025)
Improvements Assessment
$531,200 (2025)
Total Assessment
$852,400 (2025)
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502 Custer Way SE
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