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    510 Plum St SE Olympia, WA 98501

    For Sale
    $2,126,000

    Two-story office building in downtown Olympia with on-site parking.

    Property size:
    10,630 SF
    Lot size:
    0.48 Acres

    Property Features for 510 Plum St SE

    General Information

    Zoning
    DB
    Size
    10,630 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    1989

    Source: Dominic Temmel Agent Dominic Temmel

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

    Overview

    Downtown Olympia Office Building

    This two-story office building, located in downtown Olympia, offers 10,630 square feet of space. Situated on a 0.49-acre lot, the property is fully fenced and includes 32 on-site parking spaces. The building is suitable for professional or medical office use. Its location provides direct access to Interstate 5, offering convenience and exposure in a central urban setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Washington Hospitality Association Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8924445
    Latitude
    47.0444588

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    FAQs

    What type of property is this?
    Office building - Two-story office building in downtown Olympia with on-site parking.
    Where is this office building located?
    The property is located at 510 Plum St SE Olympia, WA.
    What is the asking price?
    The asking price for this property is $2,126,000.
    What are key features of this property?
    This property features: - Prime Downtown Olympia location with high visibility and accessibility; - 10,630 SF two-story office building suitable for professional or medical use; - 32 on-site parking spaces on a fully fenced 0.49-acre lot
    (253) 273-6474
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    510 Plum St SE Olympia, WA 98501
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    Olympia, WA 98501
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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
    510 Plum St SE Olympia, WA 98501
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