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    101 Capitol Way Olympia, WA 98501

    For Lease
    $17 SF/Yr

    Downtown Olympia Office Suites, 2,948 SF Available

    Lot size:
    19,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Mottman Building, a beautifully maintained historic landmark, offers flexible office space in the heart of downtown Olympia. Located at the corner of Capitol Way and 4th Avenue, this Class B building boasts 19,200 square feet across three stories, with a variety of options available for lease. Spaces range from a minimum of 440 square feet to a maximum contiguous space of 1,615 square feet, with 2,948 square feet currently vacant. Built in 1889 and renovated in 2002, the building features one elevator and common area restrooms. The building is ideal for coworking spaces or creative office tenants seeking a unique and historic setting. Convenient parking is available for a fee in a nearby 31-stall lot across Capitol Way. All leases include full-service amenities, including janitorial services. The property sits on a 0.36-acre lot and is identified by APN numbers 78501300700 and 78500400602. This is a rare opportunity to secure office space in a highly desirable downtown location within a building rich in history and character. The building's multiple tenancy allows for a diverse and vibrant community of businesses.

    Property Features for 101 Capitol Way

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,200 SF
    Class
    B
    Total Rate
    28560

    Building Details

    Year Built/Renovated
    1889/2002
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    202
    Size
    893 SF
    Rate per SF
    $17

    HighLights

    • 19,200 SF Class B office building with coworking and creative office space available.
    • Multiple tenancies available, ranging from 440 SF to a maximum contiguous 1,615 SF.
    • 2,948 SF of vacant space currently available.
    • Located in downtown Olympia at Capitol Way and 4th Avenue E, on a 0.36‑acre lot.
    • Built in 1889, renovated in 2002, featuring one 3‑story building with one elevator.
    • Amenities include common area restrooms and fully serviced leases (janitorial included).
    Property Profile Location Intelligence

    Current Use by Public Records

    Belleza Ropa Clothing ... Shoe Store The Athena Group Business Management Consultant Healthy Youth Survey, ... Public Health Department Washington Association for Community ... Non-Profit Organization Anchor QEA Environmental Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -122.90163038054
    Latitude
    47.044891849176

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    FAQs

    What type of property is this?
    Office space - Downtown Olympia Office Suites, 2,948 SF Available
    Where is this office space located?
    The property is located at 101 Capitol Way Olympia, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 19,200 SF Class B office building with coworking and creative office space available.; Multiple tenancies available, ranging from 440 SF to a maximum contiguous 1,615 SF.; 2,948 SF of vacant space currently available.
    Request Owner's contact information
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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
    101 Capitol Way Olympia, WA 98501
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