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    Quint Newell, Olympia, WA

    License ID: WA 113575
    Greene Realty Group Llc
    Association
    Thurston County Realtors Association

    Service Locations

    Contact details

    Phone:
    (360) 688-8333
    Office Address:
    1722 Harrison Ave NW, Olympia, WA, 98502

    Performance

    Listings
    32

    Listings

    For Sale (20)

    View map
    • $799,000
      7,000 SF

      Shelton Retail/Warehouse Investment

      Prime Shelton location, 7,000 SF, 3 units.
      1069 Wa-3, Shelton, WA 98584
      View Details
    • $750,000
      6.04 Acres

      Prime Industrial Land, Grand Mound WA

      6.04 Acres, I-5 Visibility, RRC Zoning
      0 Loganberry St, Rochester, WA 98579
      View Details
    • $1,299,999
      6,623 SF

      Downtown Olympia Retail Investment

      High-yield, fully leased retail building.
      120 4Th Ave, Olympia, WA 98501
      View Details
    • $1,500,000

      Lacey Commercial Land: Prime Development Site

      $1.5M, Versatile Zoning, Excellent Location
      5115 Corporate Center Ct, Lacey, WA 98503
      View Details
    • $299,900
      60,113 SF

      Versatile Commercial Property on Old Hwy

      1.38 acre commercial property with shop, home, and additional unit.
      20940 Old Highway 99 SW, Centralia, WA 98531
      View Details
    • $3,200,000
      289,238 SF

      Olympia Land for Multi-Family Development

      6.64 acres in Olympia suitable for multi-family or business parks.
      1900 Caton Way SW, Olympia, WA 98502
      View Details
    • $1,350,000
      7,572 SF

      Olympia Retail, Office, and Industrial

      Retail, office, and industrial buildings with long-term tenants in Olympia.
      3456 Martin Way E, Olympia, WA 98506
      View Details
    • $1,000,000

      Commercial Land Parcel For Sale

      Flat 10-acre commercial land parcel in growing Grand Mound/Rochester.
      18215 Sargent Rd SW, Rochester, WA 98579
      View Details
    • $799,950

      Well-Maintained Office Building Near Highway

      Meticulously maintained office building with flexible layout near Highway 101.
      2102 Carriage St SW, Olympia, WA 98502
      View Details
    • $4,500,000

      Large Stand-Alone Building in Olympia

      18,000 SF building with 130+ parking stalls for sale.
      3738 Pacific Ave Southeast, Olympia, WA 98501
      View Details
    • $1,299,999

      Downtown Olympia Investment Opportunity

      Fully leased building with three tenants in downtown Olympia.
      120 4Th Ave E, Olympia, WA 98501
      View Details
    • $360,000
      5,056 SF

      Versatile Commercial Space For Sale

      5,056 sq ft commercial space suitable for retail/office.
      700 S Tower Ave, Centralia, WA 98531
      View Details
    • $815,000
      3,562 SF

      Olympia Medical Building For Sale

      Two-unit medical building with income and owner-occupancy potential.
      3641 Ensign Rd NE, Olympia, WA 98506
      View Details
    • $549,000

      Tumwater Investment Opportunity For Sale

      23,000+/- sqft lot with redevelopment potential in Tumwater.
      6017 Capitol Blvd SW, Tumwater, WA 98501
      View Details
    • $699,000
      7,000 SF

      Mixed-Use Retail/Warehouse Space Available

      Mixed-use retail and warehouse space with strong tenants.
      1069 Hwy SE, Shelton, WA
      View Details
    • $1,100,000
      5,760 SF

      Multi-Tenant Retail Building For Sale

      Retail building with high visibility in a high traffic area.
      3700 Pacific Ave SE, Olympia, WA 98501
      View Details
    • $1,500,000

      Prime Lacey Land for Development

      Development opportunity in Lacey with versatile zoning and utilities.
      5115 Corporate Center Ct SE, Lacey, WA 98503
      View Details
    • $750,000

      Grand Mound Land with I-5 Visibility

      6-acre commercial land with I-5 visibility in Grand Mound.
      Loganberry St SW, Rochester, WA 98579
      View Details
    • $849,000
      3,740 SF

      Medical Office Building For Sale

      Medical office building with ample parking, suitable for various practices.
      1100 Eastside St SE, Olympia, WA 98501
      View Details
    • $699,999

      Commercial Land Near I-5

      5 acre commercial property with shop and office near I-5.
      259 Hwy, Chehalis, WA
      View Details

    For Lease (12)

    View map
    • $16 SF/Yr
      3,750 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
      5711 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $27 SF/Yr
      3,562 SF

      Class A Medical Office Space

      Class A medical office space for lease in Yelm.
      201 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $18 SF/Yr
      1,300 SF

      Tumwater Retail/Office Space Available

      Retail or office space in Tumwater Brewery District.
      502 Custer Way W, Tumwater, WA 98501
      View Details
    • $16 SF/Yr
      3,750 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
      5709 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $24 SF/Yr
      8,072 SF

      Downtown Olympia Office Space Available

      Flexible office space with views in downtown Olympia.
      906 Columbia St SW, Olympia, WA 98501
      View Details
    • $20 SF/Yr
      1,505 SF

      Tumwater Live/Work Opportunity For Rent

      Renovated live/work space with offices, apartment, and storage.
      6230 Capitol Blvd SE, Tumwater, WA 98501
      View Details
    • $1.00 SF/Yr
      3,750 SF

      Industrial Warehouse with Yard Space

      Industrial warehouse with offices, bathroom, yard, and parking.
      Durell Rd SE 710-714, Tumwater, WA 98501
      View Details
    • $3,000 /Mo
      1,933 SF

      Downtown Olympia Restaurant Opportunity

      Restaurant spaces available in downtown Olympia, opening May 2025.
      225 State Ave Northeast, Olympia, WA 98501
      View Details
    • $20 SF/Yr
      3,200 SF

      Turn-Key Office Space Available

      Renovated office space near I-5 with flexible layout.
      1760 Barnes Blvd SW, Tumwater, WA 98512
      View Details
    • $18 SF/Yr
      2,300 SF

      Lacey Retail/Office Space Available

      Retail or office space with high visibility and ample parking.
      5707 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $20 SF/Yr
      3,200 SF

      Renovated Office Space Near I-5

      Recently renovated office space with flexible layout, minutes from I-5.
      1770 Barnes Blvd, Tumwater, WA 98512
      View Details
    • $14 SF/Yr
      4,034 SF

      Retail/Office Building Near Downtown

      Standalone retail/office building with high visibility and ample parking.
      1006 4Th Ave E, Olympia, WA 98506
      View Details

    Leases and Sales on Map

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    Quint Newell, Olympia, WA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Quint Newell, Olympia, WA
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