4315 Tumwater Valley DrTumwater, WA 98501

Property Details for 4315 Tumwater Valley Dr

Year built

1988

Construction

WOOD FRAME

Lot size

1.79 AC

Property size (Sq ft)

6,048 SF

Property type

Office properties

Property subtype

Office buildings

APN

3387-00-00100

APU

33870000100

Description

Nestled above the Deschutes River in Tumwater, Washington, this iconic 1.79-acre property presents a unique investment opportunity. Originally constructed in 1988 by Olympia Brewery as a guest lodge, the building boasts five hotel suites and a substantial gathering space complete with a full kitchen. Currently operating as Serendipity Children's Center, the property's Brewery District zoning unlocks a multitude of potential uses. Significant upgrades have been implemented, including a new composite roof, updated HVAC system, renovated kitchen, and new flooring (preserving the original wood flooring underneath). A large, enclosed playground is also a key feature. Most of the plumbing infrastructure for the hotel suites remains intact, offering a solid foundation for restoration or repurposing. The property's prime location overlooking the Tumwater Valley and its proximity to the Deschutes River provide exceptional visibility and appeal. This is a rare chance to acquire a landmark property with a rich history and significant upside potential. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,636,604

  6.5%

  $1,510,711

  7%

  $1,402,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,621,856

  Geo Method

  $1,164,724

• Alternative Use

  Use

  Valuation

  Residential

  $1,873,282

  Hospitality

  $1,715,916

  Educational

  $1,427,622

  Medical

  $1,476,720

  Retail

  $2,220,745

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0087

Longitude

-122.905

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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