Tumwater, WA
Commercial Real Estate Market Trends & Data

$319 Avg asking sale price
$5,278 Avg asking lease rate
40,952 SF Avg unit lease size
20,634 SF Avg building size for sale
6.15% Average cap rate

Tumwater's Demographic Profile

Tumwater has 11,935 households and a median income of $79,815, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 28,708
# Households 11,935
Median age 40
Median household income $79,815
Avg household size 2.0
Renter-occupied housing units 4,993
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Tumwater, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Tumwater $220 5,782 SF 4.62%
Olympia $247 20,295 SF 8.00%
Lacey $331 15,665 SF 5.20%
Centralia $180 20,872 SF 15.16%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Tumwater $157 31,356 SF 13.00%
Olympia $559 15,889 SF 13.00%
Lacey $1,444 1,378 SF 5.13%
Nearby Retail Markets Avg Cost/SF Typical Size
Tumwater $296 19,521 SF
Olympia $437 18,595 SF
Lacey $1,026 25,009 SF
Tenino $139 3,565 SF
Centralia $237 9,282 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Olympia $290 48,625 SF 7.77%
Lacey $195 34,732 SF 7.77%
Centralia $210 13,599 SF 7.78%
Shelton $280 19,831 SF 8.10%

Commercial Properties For Sale in Tumwater

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

510 Custer Way SE

Olympia, WA 98501

  • 5,244 SF Retail Building
  • 4.20% Cap Rate
  • $999,000
For Sale

502 Custer Way SE

Olympia, WA 98501

  • 10,000 SF Industrial Building
  • 4.62% Cap Rate
  • $1,199,000
For Sale

Southgate Shopping Center (South)

  • Retail Building
  • 5.50% Cap Rate
  • $11,000,000
For Sale

Southgate (North) Retail Center

Tumwater, WA 98501

  • 17,206 SF Retail Building
  • 6.60% Cap Rate
  • $4,200,000
For Sale

Black Lake Quarry

Tumwater, WA 98512

  • 107.90 AC Lot
  • 1 Industrial Lot
  • $7,900,000
For Sale

San Juan Episcopal Church

Olympia, WA 98501

  • 27,570 SF Specialty
  • $1,900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Tumwater pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Tumwater $319 20,634 SF
Olympia $325 22,581 SF
Lacey $497 19,140 SF
Tenino $139 3,565 SF
Bucoda $212 1,080 SF

Regional Demographic Comparison

This comparison places Tumwater alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Tumwater or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Tumwater 28,708 11,935 40 $79,815 2 4,993 7%
Olympia 57,965 25,531 41 $69,643 2 13,548 5%
Lacey 60,871 23,680 39 $78,704 3 10,038 6%
Tenino 1,854 710 39 $58,055 3 212 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Tumwater, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Tumwater

View All Commercial Real Estate For Sale in Tumwater
Is Tumwater a good market for a first-time commercial real estate investor?

Tumwater offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Tumwater?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Tumwater. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Tumwater?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Tumwater. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Tumwater compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Tumwater. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Tumwater acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Tumwater, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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