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    120 Water St NW Olympia, WA 98501

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    For Lease
    $37 SF/Yr ($6,108 /Mo)

    Retail space with great views and high foot traffic.

    Property size:
    1,981 SF
    Lot size:
    0.52 Acres

    Property Features for 120 Water St NW

    General Information

    Size
    1,981 SF
    Lot size
    0.52 Acres

    Source: Coldwell Banker/Evergreen Agent Deborah Draper-Aikins

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

    Overview

    Retail Space Near Popular Restaurant

    This 1981-square-foot retail space is located across the street from a popular restaurant. The space is currently built out as a spa/salon, offering great views and benefiting from substantial foot traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Madrone Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9038832
    Latitude
    47.0454562

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    FAQs

    What type of property is this?
    Retail space - Retail space with great views and high foot traffic.
    Where is this retail space located?
    The property is located at 120 Water St NW Olympia, WA.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Incredible location across the street from popular Row restaurant.; - High foot traffic area.; - Great views.
    (360) 791-3869
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    120 Water St NW 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
    120 Water St NW Olympia, WA 98501
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