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    501 S Capitol Way Olympia, WA 98501

    For Lease
    $12 SF/Yr ($3,360 /Mo)

    Corner retail space in downtown Olympia with high visibility.

    Property size:
    3,360 SF
    Lot size:
    0.17 Acres

    Property Features for 501 S Capitol Way

    General Information

    Size
    3,360 SF
    Lot size
    0.17 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 Corner Retail Space

    This retail space is located on a corner in downtown Olympia. The property features storefront windows on two sides, providing high visibility. The space has been recently remodeled and features new paint. The property size is 3,360 square feet. The tax ID number is 78500600200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olympia Lamplighters Coworking Space

    Suggested Use

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

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

    Similar Places Nearby

    Elle's Artistry in Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.901877
    Latitude
    47.043582

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    FAQs

    What type of property is this?
    Storefront property - Corner retail space in downtown Olympia with high visibility.
    Where is this storefront property located?
    The property is located at 501 S Capitol Way Olympia, WA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Great corner location in downtown Olympia; - Storefront on two sides, maximizing exposure; - Lots of picture windows
    (360) 791-3869
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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
    501 S Capitol Way Olympia, WA 98501
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