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    3910-3912 Martin Way Olympia, WA 98506

    For Sale
    $4,200,000

    16,468 SF, Two Buildings, $4.2M

    Property size:
    16,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Lacey, WA investment opportunity features two high-quality buildings totaling 16,468 square feet, constructed in 2006. The property, located at 3910-3912 Martin Way East (APN 11817242100), boasts a prime location on a busy thoroughfare, offering convenient proximity to Providence Hospital and I-5 access. One building houses long-term tenants (6,113 SF) providing stable investment income, while the second building (9,325 SF) features month-to-month tenants, presenting an ideal scenario for an owner-user seeking immediate occupancy. Both buildings are equipped with new HVAC units. The asking price is $4,200,000, translating to $255.04 per square foot. Abundant parking is available. The property's dual-building structure allows for the potential sale of each building individually, offering flexibility for future investment strategies. This versatile property is suitable for a variety of uses, including retail and medical office space, making it a compelling investment prospect in a thriving Thurston County market. The zip code is 98506.

    Property Features for 3910-3912 Martin Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,468 SF

    Building Details

    Year Built
    2006
    Buildings
    2

    HighLights

    • High‑traffic location on Martin Way, near Providence Hospital.
    • 9,325 SF building; month‑to‑month tenants ideal for owner‑occupancy.
    • 6,113 SF with long‑term tenants, suitable for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -122.8386459
    Latitude
    47.047885

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    FAQs

    What type of property is this?
    Individual retail property - 16,468 SF, Two Buildings, $4.2M
    Where is this individual retail property located?
    The property is located at 3910-3912 Martin Way Olympia, WA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: High-traffic location on Martin Way, near Providence Hospital.; 9,325 SF building; month-to-month tenants ideal for owner-occupancy.; 6,113 SF with long-term tenants, suitable for investors.
    Request Owner's contact information
    3910-3912 Martin Way 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
    3910-3912 Martin Way Olympia, WA 98506
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