Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Wellness Building Office Space Title is generated by Realmo AI

    301 Yelm Ave E, Yelm, WA 98597

    View on Map
    Claim this Listing
    For Lease
    $1,464/Mo $18 SF/Yr (calc)

    Office space in wellness-focused building on Yelm Ave.

    Type:Commercial
    Property size:
    976 SF
    Added:
    Feb 19, 2026
    Days on Market:
    106
    Last Refresh:
    Apr 5 at 11:31 pm

    Property Features for 301 Yelm Ave E

    General Information

    Standard status
    Active
    Size
    976 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    JAMI TOPPING

    Listing agent JAMI TOPPING

    Listing office THE RANTS GROUP

    Listing date Feb 19, 2026

    Source Corcoran

    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

    HighLights

    • High visibility location on Yelm Ave with approximately 18,000 vehicles per day.
    • Established wellness‑focused building with existing reflexologist, chiropractor, and massage therapist.
    • Open layout with one private office and two access points.
    • Convenient access to common hallway and restrooms.
    • Located on a main thoroughfare connecting Yelm to Olympia, Lacey, and Tumwater.
    • 976 SF available.

    Overview

    An office space of 976 square feet is available for rent within an established wellness-focused building located on Yelm Avenue. The suite features an open layout complemented by one private office. It includes two access points: one located just inside the front entry and another at the rear, providing convenient access to the common hallway and restrooms. The building currently houses a reflexologist, chiropractor, and massage therapist, fostering a collaborative wellness environment. Situated on Yelm Avenue, a main thoroughfare connecting Yelm to Olympia, Lacey, and Tumwater, the property benefits from strong visibility and a steady traffic flow of approximately 18,000 vehicles per day. The building, constructed in 1968, is classified as a Class C office building and is zoned for Central Business District use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yelm Lions Club Charitable Organization Reflexology by Margot ... Alternative Medicine Practice The U Wellness Center Gym & Fitness Center Lashes By Shereen Hair Salon Lashed By Shereen Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.604
    Latitude
    46.9403

    Nearby Similar for Lease

    • $4,000/Mo
      848 SF

      Drive-Thru Coffee Stand Opportunity

      848 SF drive-thru coffee stand on high-visibility Tahoma Blvd.
      14712 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $1,321/Mo
      587 SF

      Professional Office Suite in Yelm

      Highly visible office suite in central Yelm available for rent.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $1,895/Mo
      842 SF

      Professional Office Suite in Yelm

      Highly visible office suite suitable for client-focused service providers.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $1,888/Mo
      755 SF

      Professional Office Suite in Yelm

      755 SF office suite on Tahoma Blvd available for lease.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $1,820/Mo
      900 SF

      Class A Office Space Yelm

      Class A office space in Yelm with visibility.
      907 Yelm Ave W, Yelm, WA 98597
      View Details
    • Contact for pricing
      26,059 SF

      Yelm Commercial Property for Lease

      Commercial property with 26,059 square feet available for lease.
      15010 Berry Valley Rd SE, Yelm, WA 98597
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Yelm, Washington.
      15010 Berry Valley Rd SE, Yelm, WA 98597
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in wellness-focused building on Yelm Ave.
    Where is this office units located?
    The property is located at 301 Yelm Ave E Yelm, WA.
    What is the lease rate?
    The lease rate is $1,464 /Mo.
    What are key features of this property?
    This property features: High visibility location on Yelm Ave with approximately 18,000 vehicles per day.; Established wellness‑focused building with existing reflexologist, chiropractor, and massage therapist.; Open layout with one private office and two access points.
    We can help!
    Listing Contact
    JAMI TOPPING
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    301 Yelm Ave E, Yelm, WA 98597
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!