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    3905 Martin Way Olympia, WA 98506

    For Lease
    $20 SF/Yr ($16,000 /Mo)

    Olympia Office Space: 2 Suites Available

    Lot size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 9,600 square foot Class C office building, constructed in 1988, presents a fantastic opportunity in Thurston County. Situated on a 0.81-acre lot, the property offers convenient access to I-5, downtown Olympia, and Lacey, making it an ideal location for businesses seeking easy commutes and strong regional connectivity. The building features two suites, with available spaces ranging from 1,240 to 2,855 square feet, providing flexibility for various business needs. Amenities include ample parking at both the front and rear of the building, ensuring convenient access for employees and clients. Inside, the building boasts a range of features designed to enhance productivity and collaboration. These include nine mostly furnished private offices, two kitchen areas, dedicated conference space, a copy center, extra cubicles, and office storage located conveniently under the stairs. Suite A2 also offers the added benefit of a private mezzanine. The property also includes the use of the main backlit monument sign on Martin Way, providing excellent visibility and branding opportunities. This well-maintained building offers a blend of functionality and convenience, making it an attractive option for businesses seeking a comfortable and productive work environment. The multiple tenancy structure provides a diverse tenant base and potential for strong rental income.

    Property Features for 3905 Martin Way

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,600 SF
    Class
    C
    Total Rate
    16000

    Building Details

    Year Built
    1988
    Stories
    2

    Unit(s) available at that property

    Space
    Suite A2
    Size
    1,240 SF
    Rate per SF
    $20
    Space
    Suite A1
    Size
    2,855 SF
    Rate per SF
    $20

    HighLights

    • 9,600 SF two‑story Class C office building on a 0.81‑acre lot in Thurston County.
    • Two suites available, ranging from 1,240 SF to 2,855 SF.
    • Building features include multiple private offices, two kitchen areas, conference space, copy center, extra cubicles, office storage, and a private mezzanine.
    • Convenient location with easy access to I‑5, downtown Olympia, and Lacey, plus ample parking.
    • Includes use of the main building sign on Martin Way.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    meridian campus, lacey ... Real Estate Agency Haley Chatfield - Real ... Real Estate Agency We Buy Houses ... Real Estate Consultant Soul Made Whole Counselor Holly Fisher Realtor Real Estate Agent

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.838658
    Latitude
    47.0472019

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    FAQs

    What type of property is this?
    Office Property / Space - Olympia Office Space: 2 Suites Available
    Where is this office property / space located?
    The property is located at 3905 Martin Way Olympia, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 9,600 SF two-story Class C office building on a 0.81-acre lot in Thurston County.; Two suites available, ranging from 1,240 SF to 2,855 SF.; Building features include multiple private offices, two kitchen areas, conference space, copy center, extra cubicles, office storage, and a private mezzanine.
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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
    3905 Martin Way Olympia, WA 98506
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