Remodeled Office/Wellness
1017 E FOURTH AVE Olympia, WA 98501
1017 E FOURTH AVE, Olympia, WA, 98501
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For Sale
Contact for pricing
Fully remodeled professional office and wellness center building with abundant natural light, upscale finishes, and strong on-site parking.
Property Size1,700 SF
Price / SF$340.29
Days on Market47
Property Features for 1017 E FOURTH AVE
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 1929
Listing agency
Premier Commercial NW
Listed by
Joni Baker · License #77946
Source
Crexi
Added: Jun 5 Updated: Jul 20 at 5:37PM Checked: Jul 21 at 5:19AM
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 Premier Commercial NW
Investment Insights
Based on property information with market context.
This fully remodeled professional office/wellness center building is being offered for sale and is designed to support a boutique professional practice. The property features abundant natural light and upscale finishes throughout, with layout and improvements tailored for office and wellness uses.
The building is described as having excellent frontage and parking available both in front and in a lot to the rear of the building.
The offering includes the remodeled building improvements and on-site parking configuration suitable for an owner-user or established practice seeking a turn-key space.
The building is described as having excellent frontage and parking available both in front and in a lot to the rear of the building.
The offering includes the remodeled building improvements and on-site parking configuration suitable for an owner-user or established practice seeking a turn-key space.
Key Highlights
- Fully remodeled professional office and wellness center building (year built: 1929)
- Abundant natural light throughout the building
- Upscaled/upscale finishes and renovated interior
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $21.60 |
| − Vacancy | −$7.2k | −$4.23 |
| EGI | $29.5k | $17.37 |
| − OpEx | −$7.4k | −$4.34 |
| NOI | $22.1k | $13.02 |
1,700 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ballaura Wellness Spa
Alternative Medicine Practice
Nicole Chryst
Physician
Marissa Parks
Physician
Casey Felt
Alternative Medicine Practice
Joshua Valenzuela
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - Fully remodeled professional office and wellness center building with abundant natural light, upscale finishes, and strong on-site parking.
Where is this office building located?
The property is located at 1017 E FOURTH AVE 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: Fully remodeled professional office and wellness center building (year built: 1929); Abundant natural light throughout the building; Upscaled/upscale finishes and renovated interior
