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    Retail and Industrial Opportunity Title is generated by Realmo AI

    3729 Pacific Ave SE, Olympia, WA

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    Family-owned retail and industrial property with high-traffic location.

    Type:RETAIL
    Property size:
    32,482 SF
    Lot size:
    3.26 Acres
    Price / SF:
    $189/SF
    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

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    Listing Contact
    Joni Baker

    Listing agent Joni Baker

    Listing office BHGRE Commercial Premier NW

    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

    This family-owned retail and industrial property has been a cornerstone of the community for over 50 years. Located in a high-traffic location, the property offers visibility and accessibility, suitable for retail and industrial use. The property includes a 6,000 square foot showroom with 2,000 square feet of storage/warehouse space, a 17,612 square foot industrial building that can be divided into three units, and a 6,240 square foot retail/office building. Additionally, there are two vacant parcels zoned General Commercial for future development, such as a small warehouse park, storage units, or parking. The property provides a foundation for various business ventures. Traffic counts in front of the property exceed 26,000 per day. The total property size is 32,482 square feet.

    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
    32,482 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.60M
    $4.90M – $6.53M (±1% cap)
    NOI $392,084 @ 7.0% cap · market cap 6.38%
    Second Best
    Warehouse
    $4.57M
    $4.00M – $5.33M (±1% cap)
    NOI $319,694 @ 7.0% cap · market cap 5.20%
    Theoretical Best
    Office A
    $9.51M
    $8.32M – $11.10M (±1% cap)
    NOI $665,751 @ 7.0% cap · market cap 10.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    J & I Power ... Agricultural Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Hotel & Motel

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

    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

    FAQs

    What type of property is this?
    Showroom - Family-owned retail and industrial property with high-traffic location.
    Where is this showroom located?
    The property is located at 3729 Pacific Ave SE Olympia, WA.
    What is the asking price?
    The asking price for this property is $6,150,000.
    What are key features of this property?
    This property features: 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.
    (360) 943-9922 Call to check price and availability
    More about this property
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