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Mixed-Use Building with Retail
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207-211 4th Ave E, Olympia, WA 98501

Built in 1908, the property combines street-level retail with second-floor executive offices.

Property Size12,960 SF
Price / SF$79.93
Days on Market139

Property Features for 207-211 4th Ave E

General Information

Standard status Active
Size 12,960 SF
Class B
Property subtype Mixed Use, Office, Retail
Zoning DB
Occupancy 97%

Financials

Asking Price $1,035,900
Cap Rate 7.5%

Additional Details

Office Units 19

Building Details

Year Built 1908
Buildings 1
Stories 2
Units 21
Tenancy Multi
Listing Agency: The Rants Group
Listed By: Zeke Rehn · License #23295
Source: Crexi
Added: Apr 14 Changed: Aug 30 Last Checked: Aug 30 at 10:37AM

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 The Rants Group

Investment Insights

Based on property information with market context.

Built in 1908, this 12,960-square-foot mixed-use property contains 21 rentable suites across two levels. The ground floor includes two retail spaces facing 4th Ave., while the second floor provides 19 executive office suites. Current occupancy is 97.4%, with tenants including law offices and health practitioners.

Located at 207-211 4th Ave E in Olympia, the building is designated DB zoning. The property is offered for sale with a reported 7.5% cap rate and an average rent of $14.05 per square foot.

Key Highlights

  • 12,960‑square‑foot mixed‑use building constructed in 1908
  • 21 rentable suites with 97.4% current occupancy
  • Two ground‑level retail spaces along 4th Ave.

Property Analytics

Current Use

Office buildings

Suggested Use

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

19
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,415
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

Market

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Built in 1908, the property combines street-level retail with second-floor executive offices.
Where is this mixed-use property located?
The property is located at 207-211 4th Ave E Olympia, WA.
What is the asking price?
The asking price for this property is $1,035,900.
What are key features of this property?
This property features: 12,960‑square‑foot mixed‑use building constructed in 1908; 21 rentable suites with 97.4% current occupancy; Two ground‑level retail spaces along 4th Ave.
(360) 943-8060 Call to check price and availability
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