Olympia, WA Commercial Real Estate for Sale

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67 properties

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Updated: Jul 27

Storefront with New HVAC

501 S Capitol Way, Olympia, WA 98501

$995,000

8,672 sqft

7,072 sq ft on the main floor
1,600 sf ft of upstairs space
Three current tenants: Escape Puzzle Room, Harlequin Productions, and Super Silver Jewelry store
All tenant leases are month to month
New HVAC system

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Updated: May 16

Olympia Healthcare Investment Opportunity

115 New View Ct NE, Olympia, WA 98506

$5,050,000

111,949 sqft 1.10 AC lot

Purpose‑suited for a standalone ASC or medical clinic.
Located in Olympia's medically concentrated Lilly Road corridor, near Providence St. Peter Hospital.
Turnkey potential for owner‑user or healthcare operator.
Built/renovated in 2009.
Located within the HDC High Density Corridor zone.

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Restaurant Building with Commercial Kitchen

110-9323 Martin Way E, Olympia, WA 98516

$425,000

1,200 sqft

Equipped for dine-in, takeout, and delivery operations with on-site parking.

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See what stands out in Thurston County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Olympia Office Building For Sale

3912 Martin Way E, Olympia, WA 98506

$1,695,000

8,203 sqft

Office building in Olympia, WA, featuring multiple suites and parking.

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Four-Suite Office Building

3912 Martin, Olympia, WA 98506

$1,695,000

8,447 sqft

Four-office-suite building will be vacant at closing and can be reconfigured into a larger space.

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Medical Office Building with Vacant Suite

3910 Martin Way, Olympia, WA 98506

$3,695,000

8,265 sqft

Two 2006-built medical office buildings, including a currently vacant space with suites that can be combined.

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Multifamily Property with Leased Parking

906 908 Adams Street SE, Olympia, WA 98501

$998,000

4,776 sqft

Two residential buildings share a parcel with leased parking and flexible month-to-month tenancy.

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Classic Office Building Near Courthouse

917 Lakeridge Way SW, Olympia, WA 98502

$2,675,000

17,836 sqft

Three-story office building with flexible floor plans and ample parking.

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Classic Brick Office Buildings

2420-2424 Bristol Ct SW, Olympia, WA 98502

$4,500,000

35,738 sqft

Two well-maintained office buildings near the Thurston County Courthouse.

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Cold Storage Warehouse Complex

545 Ronlee Ln NW, Olympia, WA 98502

Contact for pricing

8,000 sqft 1.19 AC lot

Two cold-storage capable warehouse buildings on a fenced, gated site with grade-level roll-up doors and 3-phase power.

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Medical Office Portfolio at Black Hills Medical Park

402 BLACK HILLS LN SW OLYMPIA WA 98502-8145, Olympia, WA 98502

Contact for pricing

33,007 sqft

Four fully occupied medical office properties offer modified gross leases and individually metered utilities within Black Hills Medical Park.

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Level Graded Commercial Land Pad

2520 Park View Street Northeast, Olympia, WA 98506

$1,199,000

0.96 AC lot

Level, graded commercial pad with utilities at street and 26th Avenue frontage for retail, commercial, or office development.

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Downtown Corner Retail Building

501 Capitol, Olympia, WA 98501

$995,000

8,672 sqft

Multi-tenant corner retail building with main-floor retail space and additional upstairs area, featuring newly installed HVAC.

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Versatile Building with Redevelopment Potential

509 4th Avenue E, Olympia, WA 98501

$1,475,000

13,657 sqft 0.48 AC lot

13,657 SF building with showroom, storage, and redevelopment options.

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Office Building Near Hospital

703 Lilly Rd NE, Olympia, WA 98506

Contact for pricing

3,856 sqft

Professional workspace with access to I-5 and nearby residential and commercial areas.

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Mixed-Use Property with Two Buildings

115 Eastside, Olympia, WA 98506

$929,600

0.24 AC lot

General Commercial-zoned site with separate residential-scale and commercial buildings suited to office, medical, educational, or creative uses.

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Industrial Land Near I-5

8838 Blomberg Street Southwest, Olympia, WA 98512

$2,580,317

9 sqft 9.00 AC lot

9-acre industrial land parcel with I-5 access.

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Olympia Mixed-Use Investment Opportunity

1015 4th Ave, Olympia, WA 98502

$895,000

6,505 sqft

Mid-century modern building suitable for owner/user or investment.

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Medical Office Building Near Hospital

3610 Ensign Rd NE, Olympia, WA 98506

$2,000,000

6,222 sqft

6,222 SF medical office building across from Providence St. Peter Hospital.

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Turnkey Standalone Restaurant Building

2005 Ascension Ave NW, Olympia, WA 98502

Contact for pricing

1,620 sqft 0.18 AC lot

Standalone, two-story restaurant building built in 1904, operating and licensed for immediate use on a single-tenant site.

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Zoned High-Density Development Land

509 Mcphee Rd Sw, Olympia, WA 98502

$475,000

0.97 AC lot

Nearly one-acre level parcel zoned HDC-4 for high-intensity commercial, office, and high-density multifamily uses.

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Two-Story Office Building

1007 WASHINGTON ST SE, Olympia, WA 98501

Contact for pricing

14,580 sqft 0.34 AC lot

Commercial office property with a two-story configuration and established institutional use.

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Medical Office Condo with Exam Rooms

403 Black Hills Ln SW, Suite C, Olympia, WA 98502

Contact for pricing

2,189 sqft

Vacant Class B suite with two entrances, reception space, exam rooms, lab area, and private offices.

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Flex Building with Warehouse Space

5701 Capitol, Olympia, WA 98501

$1,225,000

Multi-section commercial property combines retail areas, warehouse space, delivery facilities, and additional land for parking or expansion.

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Olympia, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Olympia, WA, showcased through 67 active listings on our real estate platform. These investment opportunities span a total of 691,140 square feet of properties for sale, with an estimated market value of $61,427,717.

Sale prices for business properties in Olympia, WA start at $250,000, averaging $1,535,692, and reaching up to $5,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 241K

Population Growth (5Y) +8.3%

Median Household Income $94,198

College Educated 31.7%

High-Yield Neighborhoods for Investment

Identify Olympia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98501	$1M
98516	$1.4M
98502	$1.4M
98506	$2.3M
98512	$2.7M

Taxes & Financing

Tax Rate (average for all types) 0.90%

Property Tax per SF $10.62 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Olympia fall within the 10,000 to 25,000 square foot range.

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