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    514 Yelm Ave Yelm, WA 98597

    For Sale
    $1,825,000

    Fully leased office condo units with strong pride of ownership.

    Property size:
    6,306 SF

    Property Features for 514 Yelm Ave

    General Information

    Standard status
    Active
    Size
    6,306 SF

    Building Details

    Year built
    2002

    Source: NWC - KV LLC Agent JOHN DEHAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Office Condo Investment Opportunity

    This commercial property features office space comprised of two condo units occupying the entire ground floor. The property is 100% leased to five tenants. It is described as Class A with no deferred maintenance, reflecting strong pride of ownership by the original developer. A recent HVAC upgrade was completed in 2024 at a cost exceeding $40,000. Utilities are separately metered for each unit. The landlord is currently responsible for HOA fees and maintenance expenses. The property is located in Yelm, Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Therapeutic Associates Physical Therapist Sean S. Sipe, ... Physical Therapist Dr. Jonathan Wan Chiropractor Yelm Chiropractic & Massage Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.6125624
    Latitude
    46.9456183

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    FAQs

    What type of property is this?
    Office space - Fully leased office condo units with strong pride of ownership.
    Where is this office space located?
    The property is located at 514 Yelm Ave Yelm, WA.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: - 100% leased with 5 tenant suites, providing immediate income.; - Class A property with no deferred maintenance.; - Owned by original developer.
    Request Owner's contact information
    514 Yelm Ave Yelm, WA 98597
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    Yelm, WA 98597
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    Realmo Value Estimation

    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.

    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.

    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
    514 Yelm Ave Yelm, WA 98597
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