Renovated Olympia Office Building For
2404 Chandler Ct SW Olympia, WA 98502
2404 Chandler Ct SW, Olympia, WA, 98502
$6,750,000
For Sale
$6,750,000
Completely renovated office building with excellent parking, near Highway 101.
Property Size29,866 SF
Price / SF$226.01
Days on Market308
Property Features for 2404 Chandler Ct SW
General Information
- Standard status
- Active
- Size
- 29,866 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
KIDDER MATHEWS
(360) 705-0174
Listed by
EVAN PARKER · License #81700
Source
Corcoran
Added: Sep 17, 2025 Updated: Jul 6 at 10:00AM Checked: Jul 21 at 6:07AM
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
Investment Insights
Based on property information with market context.
This is a completely renovated stand-alone building located on Olympia's West side. The property is part of "The 101 at Olympia" office complex and is situated minutes from Highway 101 and Interstate 5. It features excellent parking. The property size is 29866 square feet.
Key Highlights
- Completely renovated stand alone building.
- Excellent parking.
- Minutes from Hwy 101 and Interstate 5.
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 | $645.1k | $21.60 |
| − Vacancy | −$126.4k | −$4.23 |
| EGI | $518.7k | $17.37 |
| − OpEx | −$129.7k | −$4.34 |
| NOI | $389.0k | $13.02 |
29,866 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.56M
$4.86M – $6.48M
NOI $388,999 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.74M
$7.65M – $10.20M
NOI $612,134 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
County Road Administration ...
State Government Office
Transportation Commission
State Government Office
Legislative Service Center
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Completely renovated office building with excellent parking, near Highway 101.
Where is this office building located?
The property is located at 2404 Chandler Ct SW Olympia, WA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Completely renovated stand alone building.; Excellent parking.; Minutes from Hwy 101 and Interstate 5.
