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    1018 Capitol Way S Olympia, WA 98501

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    For Lease
    $30 SF/Yr ($5,087 /Mo)

    Move-in ready office space in the Union Heights Building.

    Property size:
    2,035 SF
    Lot size:
    0.33 Acres

    Property Features for 1018 Capitol Way S

    General Information

    Size
    2,035 SF
    Lot size
    0.33 Acres

    Source: Prime Locations, Inc. Agent Gina McKune

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

    Overview

    Downtown Olympia Office Space Available

    This move-in ready office space is located in the Union Heights Building in Downtown Olympia. The property is situated on the corner of Capitol and Union, offering signage opportunities. The layout includes 6 private offices, a reception area, a breakroom, and a copy nook. Current tenants include Mecconi's and Drip Coffee Shop. The property is ADA accessible and offers 5 designated parking spaces. Freeway access is convenient from this location. The space is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Bailey General Contractors General Contractor Meconi's Italian Subs Sandwich Shop Stifel Investment Service Strategies 360 Business Management Consultant Premier Insurance WA Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9006415
    Latitude
    47.0393546

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    FAQs

    What type of property is this?
    Office space - Move-in ready office space in the Union Heights Building.
    Where is this office space located?
    The property is located at 1018 Capitol Way S Olympia, WA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready office space in Downtown Olympia.; - Featuring 6 private offices, reception area, breakroom, and copy nook.; - 5 designated parking spaces.
    (360) 943-9922
    Request Owner's contact information
    1018 Capitol Way S 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
    1018 Capitol Way S Olympia, WA 98501
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