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    510 State Ave NE Olympia, WA 98501

    For Lease
    $24 SF/Yr ($3,100 /Mo)

    Retail spaces available in downtown Olympia with high visibility.

    Property size:
    1,550 SF
    Lot size:
    1.68 Acres

    Property Features for 510 State Ave NE

    General Information

    Size
    1,550 SF
    Lot size
    1.68 Acres

    Source: Coldwell Banker/Evergreen Agent Deborah Draper-Aikins

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

    Overview

    Downtown Olympia Retail Space Available

    Located on State Avenue in downtown Olympia, the Westman Mill property offers retail spaces with high visibility. The property is situated in front of the Children's Hands On Museum, which attracts over 300,000 visitors annually. It is also located blocks away from two marinas, City Hall, the Farmer's Market, and the Percival Boardwalk. Retail tenants will benefit from the 85 residential units located on the four floors above. Outdoor seating will be available on both ends of the building. Two suites are close to move-in ready, one measuring 1230 square feet and the other 1550 square feet. The tax ID numbers for the property are 66130000411, 66130000414, and 66130000415.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hillary Allen-Kissick, MD Family Practice Physician Westman Mills Apartment Building Sofie's Scoops Gelateria ... Ice Cream Shop Kinwell Primary Care ... Medical Clinic

    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
    -122.8961938
    Latitude
    47.0467571

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    FAQs

    What type of property is this?
    Retail space - Retail spaces available in downtown Olympia with high visibility.
    Where is this retail space located?
    The property is located at 510 State Ave NE Olympia, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on State Ave. in downtown Olympia.; - Located in front of the Children's Hands On Museum (over 300,000 visitors annually).; - 85 residential units located on the 4 floors above the retail space.
    (360) 791-3869
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    510 State Ave NE Olympia, WA 98501
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    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
    510 State Ave NE Olympia, WA 98501
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