4014 Martin Way E, Olympia, WA 98506
Retail space on Martin Way with high traffic volume.
- Added:
- Oct 3, 2025
- Days on Market:
- 249
- Last Refresh:
- Apr 5 at 8:17 pm
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 agent RYAN HADDOCK License #SA678203000
Listing office KIDDER MATHEWS (360) 596-9151
Listing date Oct 3, 2025
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 KIDDER MATHEWS
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.
- Meticulously maintained.
- Ample signage.
- Previously utilized for furniture sales and most recently as a Goodwill Outlet.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.835
- Latitude
- 47.0484
