Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    521 Capitol Way Olympia, WA 98501

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,250,000

    Prime commercial property with high visibility and ample parking.

    Property size:
    32,343 SF
    Lot size:
    0.58 Acres

    Property Features for 521 Capitol Way

    General Information

    Size
    32,343 SF
    Lot size
    0.58 Acres

    Source: Prime Locations, Inc. Agent Zach Kosturos

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

    Overview

    Downtown Olympia Commercial Property

    This commercial property is located in downtown Olympia and offers views of Capitol Lake. Situated on over half an acre, the property is positioned on one of Olympia’s main thoroughfares, providing high traffic exposure and visibility. The location is suitable for retail, office, or mixed-use development. On-site parking is available. The property offers access to nearby amenities, government buildings, and the waterfront. The property size is 32343 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Spa & Massage 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
    -122.901877
    Latitude
    47.043582

    Nearby Similar for Lease

    • Contact for pricing
      20,118 SF

      Prime Retail Space with Drive-Thru

      Exceptional retail opportunity with high visibility and ample space.
      305 Cooper Point Rd NW, Olympia, WA 98502
      View Details
    • $1,500 /Mo
      215 SF

      Urban Offices in Historic Building

      Unique office spaces in downtown Olympia's historic James Martin Warehouse.
      115 State Ave NE, Olympia, WA 98501
      View Details
    • $17 SF/Yr
      1,400 SF

      Restaurant Space on Pacific Avenue

      Restaurant-ready space in Pacific Center with high visibility and foot traffic.
      2747 Pacific Ave SE, Olympia, WA 98501
      View Details
    • $27 SF/Yr
      16,379 SF

      Harris Victoria Square: Medical & Office Park

      Five-building office park, prime location.
      2600-2616 Yelm Hwy, Olympia, WA 98501
      View Details
    • $425 /Mo
      307 SF

      Olympia Office Spaces For Rent

      Individual office spaces available in Olympia, WA.
      924 Capitol Way, Olympia, WA 98501
      View Details
    • $20 SF/Yr
      9,600 SF

      Martin Way Office Building

      Olympia Office Space: 2 Suites Available
      3905 Martin Way, Olympia, WA 98506
      View Details

    FAQs

    What type of property is this?
    Office building - Prime commercial property with high visibility and ample parking.
    Where is this office building located?
    The property is located at 521 Capitol Way Olympia, WA.
    What are key features of this property?
    This property features: - Stunning views of Capitol Lake; - Excellent visibility and high traffic exposure on a main thoroughfare; - Ample on-site parking in the downtown core
    (360) 943-9922
    Request Owner's contact information
    521 Capitol Way Olympia, WA 98501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    521 Capitol Way
    Olympia, WA 98501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    521 Capitol Way Olympia, WA 98501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.