Visible Retail Box on
4014 Martin Way E, Olympia, WA
For Sale
Contact for pricing
28,020 SF retail space with high traffic visibility.
Property Size27,144 SF
Lot Size1.98 Acres
Price / SF$228.41
Days on Market403
Property Features for 4014 Martin Way E
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Properties For Sale
at 4014 Martin Way E
Former Goodwill Outlet
AVAILABLE
Size
27,144 SF
Type
RETAIL
Lease Type
NNN
Highly visible 28,020 SF Box on heavily traveled Martin Way in Olympia, WA. Over 45,000 vehicles per day and easy access to I-5. Previously a furniture store and Goodwill Outlet located near new retailers on Sleater Kinney and Martin Way! Clear Height 14' 6" throughout with 18' in showroom.
Contact us
Listing Agency:
Kidder Mathews
(253) 722-1400
Listed By:
Ryan Haddock · License #SA678203000
(360) 480-6680
Source:
Moodyscre
Added: Oct 2, 2025
Changed: Oct 28
Last Checked: Nov 8 at 6:49AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This highly visible 28,020 square foot retail space is located on Martin Way in Olympia, Washington. The location benefits from high traffic volume, with over 45,000 vehicles per day, and offers easy access to I-5. Previously occupied by a furniture store and a Goodwill Outlet, the property is situated near new retailers on Sleater Kinney and Martin Way. The space features a clear height of 14 feet 6 inches throughout, with 18 feet in the showroom.
Key Highlights
- High visibility location on heavily traveled Martin Way with over 45,000 vehicles per day.
- Easy access to I‑5.
- Large 28,020 SF box suitable for various retail purposes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$327,650
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,553,000
$6.6M
Cap Rate 7%
$4,680,714
$4.7M
Cap Rate 9%
$3,640,556
$3.6M
Market Conditions
NOI Build-Up for 27,144 SF
Gross rent
$488.6K $18.00/SF
− Vacancy
−$20.5K −$0.76/SF
EGI
$468.1K $17.24/SF
− OpEx
−$140.4K −$5.17/SF
NOI
$327.6K $12.07/SF
Area
Thurston County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,553,000
Cap Rate 7%
$4,680,714
Cap Rate 9%
$3,640,556
Alternative Uses
Best Use
Retail
$4.68M
$4.10M – $5.46M
NOI $327,650 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.95M
$6.95M – $9.27M
NOI $556,343 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,236
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Thurston County, WA
Properties on Market for Retail space in Thurston County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 28,020 SF retail space with high traffic visibility.
Where is this retail space located?
The property is located at 4014 Martin Way E Olympia, WA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: High visibility location on heavily traveled Martin Way with over 45,000 vehicles per day.; Easy access to I‑5.; Large 28,020 SF box suitable for various retail purposes.
