Remodeled Office and Wellness
For Sale
Contact for pricing
1017 4th Ave E, Olympia, WA 98506
Fully remodeled office and wellness center with abundant natural light and strong frontage in Olympia.
Property Size1,700 SF
Price / SF$340.29
Days on Market150
Property Features for 1017 4th Ave E
General Information
Standard status
Active
Size
1,700 SF
Property subtype
OFFICE
Building Details
Buildings
1
Listing Agency:
BHGRE Commercial Premier NW
(360) 529-0343
Listed By:
Joni Baker
(360) 943-9922
Source:
Moodyscre
Added: May 27
Changed: Oct 3
Last Checked: Oct 20 at 11:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Commercial Premier NW
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Investment Insights
Based on property information with market context.
Fully remodeled professional office/wellness center building for sale at 1017 4th Ave E in Olympia, Washington. The building has abundant natural light and upscale finishes, designed to support a professional office or boutique wellness practice. Practical site layout includes parking in front and an additional lot to the back of the building.
With excellent frontage, the property is positioned for strong visibility and convenient customer or client access. The building’s total size is 1,700 square feet, offering a compact footprint for owner-users or professional teams looking for a renovated space.
The interior and exterior improvements focus on a polished presentation and everyday functionality, with an emphasis on light and finish quality suited for office and wellness use.
With excellent frontage, the property is positioned for strong visibility and convenient customer or client access. The building’s total size is 1,700 square feet, offering a compact footprint for owner-users or professional teams looking for a renovated space.
The interior and exterior improvements focus on a polished presentation and everyday functionality, with an emphasis on light and finish quality suited for office and wellness use.
Key Highlights
- 1,700 SF fully remodeled office/wellness center building in Olympia, WA
- Abundant natural light
- Upscale finishes throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,142
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,840
$442.8K
Cap Rate 7%
$316,314
$316.3K
Cap Rate 9%
$246,022
$246.0K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$36.7K $21.60/SF
− Vacancy
−$7.2K −$4.23/SF
EGI
$29.5K $17.37/SF
− OpEx
−$7.4K −$4.34/SF
NOI
$22.1K $13.02/SF
Area
Thurston County, WA
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,840
Cap Rate 7%
$316,314
Cap Rate 9%
$246,022
Alternative Uses
Best Use
Office B
$316.3K
$276.8K – $369.0K
NOI $22,142 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.8K
$435.5K – $580.7K
NOI $34,843 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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Business Placement
Demographics for 98506, WA
19,198
Population
9,041
Households
2.1
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
857
Density / Sq Mi
$93,968
Median Household Income
$50,388
Median Earnings
$1,431
Median Rent
$469,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully remodeled office and wellness center with abundant natural light and strong frontage in Olympia.
Where is this office building located?
The property is located at 1017 4th Ave E Olympia, WA.
What is the asking price?
The asking price for this property is $578,500.
What are key features of this property?
This property features: 1,700 SF fully remodeled office/wellness center building in Olympia, WA; Abundant natural light; Upscale finishes throughout
