2120 State AveOlympia, WA 98506

Property Details for 2120 State Ave

Year built

1986

Construction

WOOD FRAME

Lot size

0.51 AC

Property size (Sq ft)

6,808 SF

Property type

Office properties

Property subtype

Office buildings

APN

6890-21-00800

APU

68902100800

Description

This exceptional two-story Class B office building, totaling 12,738 square feet, presents a unique opportunity for businesses seeking executive office space in a highly desirable location. Situated on a 0.51-acre lot, the property boasts ample parking, including covered options, and offers easy freeway access for convenient commuting. Currently, 4,050 square feet of space is available, divisible into units as small as 860 square feet and with a maximum contiguous space of 3,000 square feet. Built in 1986, the building features a quiet and private atmosphere, ideal for focused work environments. The property is ADA accessible and offers a modified gross lease structure. Its convenient location provides proximity to both Lacey and downtown Olympia, making it an attractive option for businesses seeking a central location with excellent accessibility. The property's tax ID number is 68902100800. This is a multi-tenant building offering flexibility for businesses of various sizes. The available space is perfect for companies needing a professional and efficient workspace with convenient amenities. Don't miss this chance to secure your ideal office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,842,262

  6.5%

  $1,700,549

  7%

  $1,579,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,825,660

  Geo Method

  $1,311,085

• Alternative Use

  Use

  Valuation

  Residential

  $2,108,681

  Hospitality

  $1,931,540

  Educational

  $1,607,019

  Medical

  $1,662,287

  Retail

  $2,499,807

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0471

Longitude

-122.871

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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