917 Lakeridge Way SW, Olympia, WA
Three-story office building with flexible floor plans and ample parking.
- Added:
- Oct 8, 2024
- Days on Market:
- 614
- Last Refresh:
- May 19 at 10:28 pm
Property Features for 917 Lakeridge Way SW
General Information
- Standard status
- Active
- Size
- 17,836 SF
- Lot size
- 1.06 Acres
- Property subtype
- OFFICE
Properties For Sale
at 917 Lakeridge Way SW Contact usListing agent Evan Parker License #81700 (360) 705-0174
Listing office Kidder Mathews (360) 705-0174
Listing date Oct 8, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
HighLights
- Excellent access to I‑5 makes commuting a breeze.
- Located near the Thurston County Courthouse.
- Ample parking for tenants and visitors.
- Flexible floor plans to suit a variety of business needs.
- Beautifully maintained property.
- Access to bus routes.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $385.3k | $21.60 |
| − Vacancy | −$75.5k | −$4.23 |
| EGI | $309.7k | $17.37 |
| − OpEx | −$77.4k | −$4.34 |
| NOI | $232.3k | $13.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olympia
- County
- Thurston
- State
- Washington
- Longitude
- -122.913
- Latitude
- 47.0265
