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

    2404-2411 Chandler Ct SW Olympia, WA 98502

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,750,000

    Retail space with highway visibility and tenant improvement packages.

    Property size:
    18,000 SF
    Lot size:
    2.18 Acres

    Property Features for 2404-2411 Chandler Ct SW

    General Information

    Size
    18,000 SF
    Lot size
    2.18 Acres

    We can help!

    Listing Contact
    Terry Wilson
    Source: Moodyscre

    Listing Agent: Terry Wilson

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Highway 101

    This recently acquired retail space, from the same developer who completed the Hub in Lacey, offers visibility from Highway 101. It is located close to the Thurston County Courthouse and provides quick access to the State Capital. Generous tenant improvement packages are available, and turn-key build-out is offered. The property's tax ID numbers are 46790005800, 46790005900, 46790006000, and 46790006100. The property contains 18000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9184936
    Latitude
    47.02758

    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
    • Contact for pricing
      339,420 SF

      Tumwater Industrial Building For Lease

      339,420 SF industrial building with convenient I-5 access.
      9744 Blomberg St SW, Olympia, WA 98512
      View Details
    • Contact for pricing
      13,858 SF

      Olympia Office Building - 13,858 SF

      Prime Olympia office space; fully vacant, divisible.
      234 8Th Ave, Olympia, WA 98501
      View Details
    • Contact for pricing
      46,793 SF

      Black Lake Village Retail Center

      Olympia Retail Space Available Now
      2615 Capital Mall Dr, Olympia, WA 98502
      View Details
    • $24 SF/Yr
      1,550 SF

      Downtown Olympia Retail Space Available

      Retail spaces available in downtown Olympia with high visibility.
      510 State Ave NE, Olympia, WA 98501
      View Details
    • $20 SF/Yr
      1,505 SF

      Retail Space on Busy Corner

      Retail space in high-traffic Olympia location near major routes.
      3225 Harrison Ave NW, Olympia, WA 98502
      View Details
    • $30 SF/Yr
      48,000 SF

      Market Place Office Building: Olympia Waterfront

      Class A Office Space, Downtown Olympia
      724 Columbia St, Olympia, WA 98501
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with highway visibility and tenant improvement packages.
    Where is this retail space located?
    The property is located at 2404-2411 Chandler Ct SW Olympia, WA.
    What are key features of this property?
    This property features: - Visibility from Highway 101; - Generous tenant improvement packages; - Turn-key build-out offered
    (360) 352-7651
    Request Owner's contact information
    2404-2411 Chandler Ct SW Olympia, WA 98502
    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.
    2404-2411 Chandler Ct SW
    Olympia, WA 98502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2404-2411 Chandler Ct SW Olympia, WA 98502
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Terry Wilson
    (360) 352-7651
    Learn more
    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.