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    1931 4Th Ave E Olympia, WA 98506

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    For Sale
    $2,413,000

    Investment opportunity: two income properties on busy 4th Ave.

    Property Features for 1931 4Th Ave E

    General Information

    Standard status
    Active

    Building Details

    Year built
    1930

    Source: PREMIER COMMERCIAL NW Agent JONI BAKER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Income Properties For Sale

    This investment opportunity includes two income properties situated on a total of 0.28 acres. One property is a retail space currently leased to Trek Bike Store, with a new lease extension in place. The other property is a residential rental located next door. Both properties are located on busy 4th Ave in Olympia, WA and tenanted by long-term, stable tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trek Bicycle Olympia ... Bicycle Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8743449
    Latitude
    47.0457696

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    FAQs

    What type of property is this?
    Retail space - Investment opportunity: two income properties on busy 4th Ave.
    Where is this retail space located?
    The property is located at 1931 4Th Ave E Olympia, WA.
    What is the asking price?
    The asking price for this property is $2,413,000.
    What are key features of this property?
    This property features: - Two income properties included in sale.; - Trek Bike Store with new lease extension ensures a stable commercial tenant.; - Long term, stable tenants in place.
    Request Owner's contact information
    1931 4Th Ave E Olympia, WA 98506
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    Realmo Value Estimation

    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.

    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.

    More about this property
    1931 4Th Ave E Olympia, WA 98506
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