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    503-511 Cherry St SE Olympia, WA 98501

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    For Lease
    $3,800 /Mo ($11 SF/Yr)

    4000 SF warehouse with two restrooms and roll-up door.

    Property size:
    4,000 SF
    Lot size:
    0.32 Acres

    Property Features for 503-511 Cherry St SE

    General Information

    Size
    4,000 SF
    Lot size
    0.32 Acres

    Source: Prime Locations, Inc. Agent Gina McKune

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

    Overview

    Downtown Warehouse Former CrossFit Space

    This 4000 SF warehouse space, formerly used as a CrossFit gym, is available for lease in the downtown area. The property features two restrooms, with the possibility of adding a third with a shower. A reception desk and viewing platform are already built out. The warehouse includes two private entrances and a large roll-up door on the Cherry Street side.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    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
    -122.8958394
    Latitude
    47.0442277

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    FAQs

    What type of property is this?
    Warehouse - 4000 SF warehouse with two restrooms and roll-up door.
    Where is this warehouse located?
    The property is located at 503-511 Cherry St SE Olympia, WA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Large 4000 SF warehouse space.; - Two private entrances.; - Large roll-up door on Cherry Street.
    (360) 943-9922
    Request Owner's contact information
    503-511 Cherry St SE 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
    503-511 Cherry St SE Olympia, WA 98501
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