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Office Space with Capitol Views

201 5th Ave SW, Olympia, WA 98501

For Lease
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Office suites available in Heritage Bank Building with premier views.

Space SizeContact for details
Property Size11,740 SF
Days on Market349

Property Features for 201 5th Ave SW

General Information

Standard status Active
Size 11,740 SF
Property subtype Office

Building Details

Building Size 11,740 SF
Year Built 1915
Buildings 1
Listing Agency: Kidder Mathews - Tacoma
Listed By: Amy Harding · License #125436
Source: Kidder
Added: Nov 24, 2025 Changed: Oct 25 Last Checked: Sep 14 at 9:09AM

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 Kidder Mathews - Tacoma

Rey
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Investment Insights

Based on property information with market context.

Located in the Heritage Bank Building, this property offers views of the state capitol, Capitol Lake, the Olympic Mountain Range, and Budd Inlet. On-site parking is available. Redevelopment is currently underway on the entire block. Two suites are available. Suite 301, formerly a lawyer's office, offers 5,154 square feet of space. Suite 401 comprises an entire floor, providing 6,586 square feet. A tenant improvement package is available for qualified tenants, or the suites can be taken as-is.

Key Highlights

  • Premier location in Heritage Bank Building with stunning views of the state capitol, Capitol Lake, Olympic Mountain Range, and Budd Inlet.
  • Two suites available: Suite 301 (5,154 SF) and Suite 401 (6,586 SF - Entire Floor).
  • Tenant Improvement package available for qualified tenant, or take the space as‑is.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Donna Moir - Heritage ... Bank Daryl Fourtner - Heritage ... Bank Scott Michie - Heritage ... Bank Blake Lindskog - Heritage ... Bank Szurszewski Charles E Law Firm

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Electrical Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,620
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office Units in Olympia

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Office suites available in Heritage Bank Building with premier views.
Where is this office unit located?
The property is located at 201 5th Ave SW Olympia, WA.
What are key features of this property?
This property features: Premier location in Heritage Bank Building with stunning views of the state capitol, Capitol Lake, Olympic Mountain Range, and Budd Inlet.; Two suites available: Suite 301 (5,154 SF) and Suite 401 (6,586 SF - Entire Floor).; Tenant Improvement package available for qualified tenant, or take the space as‑is.
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