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    2120 State Ave Olympia, WA 98506

    Sponsored
    For Lease
    $16 SF/Yr ($16,984 /Mo)

    Prime Lacey Office Space Available

    Lot size:
    12,738 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional two-story Class B office building, totaling 12,738 square feet, presents a unique opportunity for businesses seeking executive office space in a highly desirable location. Situated on a 0.51-acre lot, the property boasts ample parking, including covered options, and offers easy freeway access for convenient commuting. Currently, 4,050 square feet of space is available, divisible into units as small as 860 square feet and with a maximum contiguous space of 3,000 square feet. Built in 1986, the building features a quiet and private atmosphere, ideal for focused work environments. The property is ADA accessible and offers a modified gross lease structure. Its convenient location provides proximity to both Lacey and downtown Olympia, making it an attractive option for businesses seeking a central location with excellent accessibility. The property's tax ID number is 68902100800. This is a multi-tenant building offering flexibility for businesses of various sizes. The available space is perfect for companies needing a professional and efficient workspace with convenient amenities. Don't miss this chance to secure your ideal office space in a prime location.

    Property Features for 2120 State Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,738 SF
    Class
    B
    Total Rate
    16984

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,050 SF
    Rate per SF
    $16

    HighLights

    • 12,738 SF Class B office building on a 0.51‑acre lot.
    • Multiple tenancies available, with 4,050 SF currently vacant.
    • Suites range from 860 SF to a maximum contiguous 3,000 SF.
    • Two‑story building constructed in 1986, with one building on the property.
    • Located minutes from Lacey and Downtown Olympia, offering easy freeway access and ample parking, including covered parking. ADA accessible. Modified gross lease. APN: 68902100800.
    Property Profile Location Intelligence

    Current Use by Public Records

    Janet Brodsky - South ... Social Worker Preble Law Firm, ... Personal Injury Attorney Jack W. Hanemann, ... Personal Injury Attorney Janet R. Bent, ... Family Counselor RayTen Creative Design Artist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon 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
    -122.8713483
    Latitude
    47.0471257

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    FAQs

    What type of property is this?
    Office space - Prime Lacey Office Space Available
    Where is this office space located?
    The property is located at 2120 State Ave Olympia, WA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 12,738 SF Class B office building on a 0.51-acre lot.; Multiple tenancies available, with 4,050 SF currently vacant.; Suites range from 860 SF to a maximum contiguous 3,000 SF.
    Request Owner's contact information
    2120 State Ave Olympia, WA 98506
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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
    2120 State Ave Olympia, WA 98506
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