Olympia Corner Building Near
2120 Caton Way SW Olympia, WA 98502
2120 Caton Way SW, Olympia, WA, 98502
$1,599,000
For Sale
$1,599,000
Well-maintained professional/medical office building with ample parking near freeway.
Property Size4,584 SF
Price / SF$348.82
Days on Market180
Property Features for 2120 Caton Way SW
General Information
- Standard status
- Active
- Size
- 4,584 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1993
Listing Agency
RE/MAX PARKSIDE AFFILIATES
(360) 480-9387
Listed by
THOMAS SCHRADER · License #118109
Source
Corcoran
Added: Jan 20 Checked: Jul 19 at 4:46 am
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 RE/MAX PARKSIDE AFFILIATES
Investment Insights
Based on property information with market context.
This well-maintained corner building is located near the Olympia Auto Mall and offers convenient access to the freeway and various services. The property is suitable for professional office or medical use. It features ample parking and a total size of 4584 square feet.
Key Highlights
- Excellent corner location near Olympia Auto Mall
- Exceptionally well‑maintained building
- Ample parking available
Local 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 | $99.0k | $21.60 |
| − Vacancy | −$19.4k | −$4.23 |
| EGI | $79.6k | $17.37 |
| − OpEx | −$19.9k | −$4.34 |
| NOI | $59.7k | $13.02 |
4,584 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$852.9K
$746.3K – $995.1K
NOI $59,706 @ 7.0% cap · market cap 3.73%
Second Best
Healthcare Medical
$527.4K
$461.5K – $615.3K
NOI $36,920 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,954 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
NRSmith And Associates, PS
Financial Advisor
NR Smith and Associates
Accounting Firm
Smith & Associates, Inc., ...
Accounting Firm
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FAQs
What type of property is this?
Medical Office Space - Well-maintained professional/medical office building with ample parking near freeway.
Where is this medical office space located?
The property is located at 2120 Caton Way SW Olympia, WA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Excellent corner location near Olympia Auto Mall; Exceptionally well‑maintained building; Ample parking available
