Olympia Westside Office
1700 Cooper Point Rd SW Olympia, WA 98502
For Sale
$300,000
Pending
Versatile Olympia property near amenities and Highway 101.
Property Size1,006 SF
Days on Market272
Property Features for 1700 Cooper Point Rd SW
General Information
Standard status
Pending
Size
1,006 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
RICHARD BECKMAN REALTY GROUP, LLC
Listed By:
RICHARD BECKMAN
Source:
Corcoran
Added: Oct 30, 2025
Changed: Jul 10
Last Checked: Jul 23 at 8:57AM
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 RICHARD BECKMAN REALTY GROUP, LLC
Investment Insights
Based on property information with market context.
This 1,006 square foot property is located in the Westside area of Olympia, Washington. The property is near shopping, dining, and medical facilities, with access to Highway 101. The layout is suitable for office, retail, or professional services. Ample parking is available for clients and staff. The location is in a well-trafficked area. Nearby development enhances long-term value potential. The property is intended for use as an office.
Key Highlights
- Prime location in Olympia's desirable Westside, near shopping, dining, and medical facilities.
- Easy access to Highway 101 for convenient commuting.
- Versatile property suitable for office, retail, or professional services.
Financial Insights For Office B
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 | $21.7k | $21.60 |
| − Vacancy | −$4.3k | −$4.23 |
| EGI | $17.5k | $17.37 |
| − OpEx | −$4.4k | −$4.34 |
| NOI | $13.1k | $13.02 |
1,006 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$187.2K
$163.8K – $218.4K
NOI $13,103 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.6K
$257.7K – $343.7K
NOI $20,619 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Versatile Olympia property near amenities and Highway 101.
Where is this office units located?
The property is located at 1700 Cooper Point Rd SW Olympia, WA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime location in Olympia's desirable Westside, near shopping, dining, and medical facilities.; Easy access to Highway 101 for convenient commuting.; Versatile property suitable for office, retail, or professional services.
