Cold Storage Warehouse
545 Ronlee Ln NW Olympia, WA 98502
545 Ronlee Ln NW, Olympia, WA, 98502
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For Sale
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Two cold-storage capable warehouse buildings on a fenced, gated site with grade-level roll-up doors and 3-phase power.
Property Size8,000 SF
Lot Size1.19 Acres
Price / SF$199.38
Days on Market97
Property Features for 545 Ronlee Ln NW
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 1.19 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing agency
The Rants Group
(360) 352-7822
Listed by
Danielle Rants · License #WA 23029550
Source
Crexi
Added: Apr 17 Updated: Jul 21 at 7:16PM Checked: Jul 21 at 7:16PM
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
Investment Insights
Based on property information with market context.
Industrial warehouse complex built for cold storage and temperature-controlled operations, comprising two warehouse buildings totaling approximately 8,000 SF on a fenced 1.19-acre site. Building A includes two separate warehouse bays with three 12' x 12' grade-level roll-up doors and a restroom. Building B provides warehouse space with office, kitchenette, restroom, and storage area, along with one 12' x 12' grade-level roll-up door. Clear height ranges from 17' to 21'.
The property is equipped with 480Y/277V 3-phase power, with panels up to approximately 400 amps and step-down transformers to 208/120V to support heavy refrigeration loads and mechanical systems. It also offers a secure private yard with fenced perimeter and rolling gate access, plus ample on-site parking.
Access is described as convenient to Highway 101, and the site is zoned RCC (Rural Commercial Center). A shipping container is included. Previously occupied by agriculture distribution through March 2026.
The property is equipped with 480Y/277V 3-phase power, with panels up to approximately 400 amps and step-down transformers to 208/120V to support heavy refrigeration loads and mechanical systems. It also offers a secure private yard with fenced perimeter and rolling gate access, plus ample on-site parking.
Access is described as convenient to Highway 101, and the site is zoned RCC (Rural Commercial Center). A shipping container is included. Previously occupied by agriculture distribution through March 2026.
Key Highlights
- Two warehouse buildings totaling approx. 8,000 SF on a fenced, gated 1.19‑acre site
- Cold storage and temperature‑controlled capability; suitable for refrigeration/mechanical load operations
- 480Y/277V 3‑phase power with panels up to approx. 400 amps and step‑down transformers to 208/120V
Local Financial Insights For Office B
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 | $172.8k | $21.60 |
| − Vacancy | −$33.9k | −$4.23 |
| EGI | $138.9k | $17.37 |
| − OpEx | −$34.7k | −$4.34 |
| NOI | $104.2k | $13.02 |
8,000 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,198 @ 7.0% cap · market cap 6.53%
Second Best
Warehouse
$1.12M
$984.2K – $1.31M
NOI $78,737 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,968 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mr Who Greens ...
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Warehouse - Two cold-storage capable warehouse buildings on a fenced, gated site with grade-level roll-up doors and 3-phase power.
Where is this warehouse located?
The property is located at 545 Ronlee Ln NW Olympia, WA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Two warehouse buildings totaling approx. 8,000 SF on a fenced, gated 1.19‑acre site; Cold storage and temperature‑controlled capability; suitable for refrigeration/mechanical load operations; 480Y/277V 3‑phase power with panels up to approx. 400 amps and step‑down transformers to 208/120V
