High-Visibility Retail Space
4014 Martin Way E Olympia, WA 98506
For Sale
$6,200,000
Retail space on Martin Way with high traffic volume.
Property Size28,020 SF
Price / SF$221.27
Days on Market294
Property Features for 4014 Martin Way E
General Information
- Standard status
- Active
- Size
- 28,020 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing Agency:
KIDDER MATHEWS
(360) 596-9151
Listed By:
RYAN HADDOCK · License #23080
Source:
Corcoran
Added: Oct 3, 2025
Changed: Jul 6
Last Checked: Jul 22 at 9:20AM
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 property is located on Martin Way, situated on the Lacey/Olympia city line. The building was previously used for furniture sales and most recently as a Goodwill Outlet. The property features two dock-high loading doors and has been maintained. The location benefits from high visibility, with over 45,000 vehicles passing through daily. Ample signage opportunities are available. The property has a size of 28,020 square feet.
Key Highlights
- Highly visible location on heavily travelled Martin Way on the Lacey/Olympia city line.
- Over 45,000 vehicles pass through daily.
- Two dock‑high loading doors.
Financial Insights For Retail
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 | $504.4k | $18.00 |
| − Vacancy | −$21.2k | −$0.76 |
| EGI | $483.2k | $17.24 |
| − OpEx | −$145.0k | −$5.17 |
| NOI | $338.2k | $12.07 |
28,020 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.83M
$4.23M – $5.64M
NOI $338,224 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.20M
$7.18M – $9.57M
NOI $574,298 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Olympia Goodwill Outlet
Discount Store
FAQs
What type of property is this?
Retail space - Retail space on Martin Way with high traffic volume.
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: Highly visible location on heavily travelled Martin Way on the Lacey/Olympia city line.; Over 45,000 vehicles pass through daily.; Two dock‑high loading doors.
