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Office Building with Underground Parking
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234 8th Avenue SE, Olympia, WA 98501

Well-maintained office building offering 6,914 sq ft plus an underground parking garage and storage/offices.

Space Size13,858 SF
Days on Market178

Property Features for 234 8th Avenue SE

General Information

Standard status Active
Size 13,858 SF
Property subtype Office
Lease Type Full Service

Building Details

Building Size 13,858 SF
Year Built 1967
Tenancy Single

Spaces For Lease

at 234 8th Avenue SE Contact us

Available Space

Size
13,858 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Coldwell Banker Evergreen
Listed By: Deborah Draper-Aikins · License #WA
Source: Crexi
Added: Mar 12 Changed: Aug 25 Last Checked: Sep 1 at 10:29PM

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 Coldwell Banker Evergreen

Investment Insights

Based on property information with market context.

Well-maintained office building totaling 6,914 sq ft of office space, complemented by a 6,944 sq ft underground parking garage and two large storage/offices. The interior includes five private offices, a very large conference room, cubicle space, a reception area, work areas, and a kitchen, providing a mix of private and collaborative work settings.

Located at 234 8th Avenue SE in Olympia, WA 98501, the building’s underground garage supports on-site vehicle parking while keeping the office space focused on day-to-day operations.

Key Highlights

  • 1967‑built office building with 6,914 sq ft of office space
  • Includes a 6,944 sq ft underground parking garage
  • Two large storage/offices included

Property Analytics

Current Use

OSPI Annex Building State Office Of Education OSPI Child Nutrition ... Corporate Office

Suggested Use

Top Pick Pharmacy Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) 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
$0.97 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,850
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?
Office building - Well-maintained office building offering 6,914 sq ft plus an underground parking garage and storage/offices.
Where is this office building located?
The property is located at 234 8th Avenue SE Olympia, WA.
What is the lease rate?
The lease rate is $6.49 SF/Yr.
What are key features of this property?
This property features: 1967‑built office building with 6,914 sq ft of office space; Includes a 6,944 sq ft underground parking garage; Two large storage/offices included
(360) 791-3869 Call to check price and availability
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