3910 Martin Way E, Olympia, WA 98506
Office building in Olympia, WA, featuring multiple suites and parking.
- Added:
- Aug 16, 2024
- Days on Market:
- 662
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 3910 Martin Way E
General Information
- Standard status
- Active
- Size
- 8,203 SF
Building Details
- Year Built
- 2006
Listing agent DEBORAH DRAPER-AIKINS
Listing office COLDWELL BANKER/EVERGREEN
Listing date Aug 16, 2024
Source Corcoran
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 COLDWELL BANKER/EVERGREEN
HighLights
- At least 42 parking spaces
- Building will be mostly vacant at closing
- Building is currently in 4 suites that can easily be combined
- One suite has never been completed, so easy to remodel
- First time this building has been listed by itself
- Year Built: 2006
Overview
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 | $177.2k | $21.60 |
| − Vacancy | −$34.7k | −$4.23 |
| EGI | $142.5k | $17.37 |
| − OpEx | −$35.6k | −$4.34 |
| NOI | $106.8k | $13.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.838
- Latitude
- 47.0483
