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    2600-2616 Yelm Hwy Olympia, WA 98501

    Sponsored
    For Lease
    $27 SF/Yr

    Five-building office park, prime location.

    Lot size:
    16,379 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional five-building office park, known as Harris Victoria Square, presents a unique investment opportunity. Situated on a substantial 2.22-acre lot (96,371 square feet) and boasting a total of 16,379 square feet of office space, this property offers a diverse range of possibilities. The buildings, all single-story structures, were constructed in 1994 and are zoned for Neighborhood Retail use. The property's strategic location near the intersection of Boulevard Road SE and Yelm Highway provides excellent visibility and accessibility. The property's diverse tenant mix includes both medical and general office suites, catering to a variety of business needs. The property's APN is 09570018000 and is located in Thurston County. This well-established office park offers a blend of medical and general office space, making it an ideal investment for those seeking a diversified portfolio. The single-story design provides convenient access for tenants and visitors. The property's location near major roadways ensures high traffic volume and excellent visibility, making it an attractive option for businesses seeking a prominent presence. The multiple tenancy structure provides a stable income stream and opportunities for future growth. This property is an excellent opportunity to acquire a well-maintained and strategically located office park with significant potential for future development and increased profitability.

    Property Features for 2600-2616 Yelm Hwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,379 SF
    Total Rate
    36852.75

    Building Details

    Year Built
    1994
    Buildings
    5
    Stories
    1

    Unit(s) available at that property

    Space
    Suite C (2604)
    Size
    868 SF
    Rate per SF
    $27

    HighLights

    • 16,379 SF office building with multiple tenants.
    • 2.22‑acre lot (96,371 SF) in Thurston County.
    • Five single‑story buildings built in 1994.
    • Located near the intersection of Boulevard Road SE and Yelm Highway.
    • Zoned for Neighborhood Retail.
    • APN: 09570018000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.86464224869
    Latitude
    47.003673817428

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    FAQs

    What type of property is this?
    Coworking space - Five-building office park, prime location.
    Where is this coworking space located?
    The property is located at 2600-2616 Yelm Hwy Olympia, WA.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 16,379 SF office building with multiple tenants.; 2.22-acre lot (96,371 SF) in Thurston County.; Five single-story buildings built in 1994.
    Request Owner's contact information
    2600-2616 Yelm Hwy Olympia, WA 98501
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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
    2600-2616 Yelm Hwy Olympia, WA 98501
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