3729 Pacific Ave SE, Olympia, WA
Family-owned retail and industrial property with high-traffic location.
- Added:
- Mar 5, 2025
- Days on Market:
- 462
- Last Refresh:
- May 19 at 9:08 pm
Property Features for 3729 Pacific Ave SE
General Information
- Standard status
- Active
- Size
- 32,482 SF
- Lot size
- 3.26 Acres
- Property subtype
- RETAIL
Listing agent Joni Baker (360) 943-9922
Listing office BHGRE Commercial Premier NW (360) 943-9922
Listing date Mar 5, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Commercial Premier NW
HighLights
- Prime, high‑traffic location with excellent visibility and accessibility (26,000+ cars per day).
- Flexible zoning suitable for retail and industrial use.
- Multiple buildings including a 6,000 sf showroom, 2,000 sf storage/warehouse, and a 17,612 sf industrial building divisible into three units.
- Additional 6,240 sf retail/office building.
- Two vacant parcels zoned General Commercial for future development.
- Well‑maintained building with a 50+ year history and strong community reputation.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $584.7k | $18.00 |
| − Vacancy | −$24.6k | −$0.76 |
| EGI | $560.1k | $17.24 |
| − OpEx | −$168.0k | −$5.17 |
| NOI | $392.1k | $12.07 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Lowe's Home Improvement — 4230 Martin Way E, Olympia, WA 98516
- KDC Remodeling — 1109 Sleater Kinney Rd SE, Lacey, WA 98503
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.841
- Latitude
- 47.0402