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Three-Story Office Building
For Lease
$19,560/Mo

917 Lakeridge Way SW, Olympia, WA 98502

Three-story office building with 1st-, 2nd-, and 3rd-floor spaces available on an NNN basis.

Property Size3,056 SF - 15,648 SF
Days on Market181

Property Features for 917 Lakeridge Way SW

General Information

Standard status Active
Size 3,056 SF - 15,648 SF
Net Rentable 3,056 SF
Property subtype Commercial
Lease Type NNN

Space & Availability

Available Space 3,056-15,648 SF
Contiguous Space 6,396 SF
Divisible Yes
Space Use Office
Condition As-Is
Sublease No
Available From 2025-10

Additional Details

Highway Access Yes

Building Details

Year Built 1988
Listing Agency: KIDDER MATHEWS
Listed By: EVAN PARKER · License #81700
Source: Corcoran
Added: Jan 30 Changed: Jul 29 Last Checked: Jul 29 at 7:01AM

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

Investment Insights

Based on property information with market context.

This three-story office building offers multiple available floor options, including 6,396 SF on the first floor, 6,296 SF on the second floor, and 3,056 SF on the third floor, with a combined total of 15,648 SF. The landlord may consider a short-term lease for space delivered “as-is.” Availability is expected for October 2025.

The property is described as being near the courthouse with easy access to I-5 and Hwy 101, supporting straightforward commuter and visitor access.

Spaces are presented for leasing on an NNN basis, and the building’s current configuration supports tenants seeking single-floor occupancy or a broader footprint by combining floors.

Key Highlights

  • Three‑story office building built in 1988, with 1st-, 2nd-, and 3rd‑floor spaces available on an NNN basis
  • Available space totals 15,648 SF: 1st floor 6,396 SF, 2nd floor 6,296 SF, and 3rd floor 3,056 SF
  • NNN rent listed as $15+ NNN

Property Analytics

Current Use

Guaranteed Education Tuition Training Center College & Career Compass ... State Government Office

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Electrical Service Pharmacy HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

527
Businesses Nearby

Demographics for 98502, WA

35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value

Market

Lease Benchmarks for Olympia, WA

$21.22 /SF/Yr
Avg Asking Price
$7.99–$30 /SF/Yr
Price Range
1,472 SF
Avg Space Size

This space is priced 29% below the average of $21.22 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three-story office building with 1st-, 2nd-, and 3rd-floor spaces available on an NNN basis.
Where is this office units located?
The property is located at 917 Lakeridge Way SW Olympia, WA.
What is the lease rate?
The lease rate is $19,560 /Mo.
What are key features of this property?
This property features: Three‑story office building built in 1988, with 1st-, 2nd-, and 3rd‑floor spaces available on an NNN basis; Available space totals 15,648 SF: 1st floor 6,396 SF, 2nd floor 6,296 SF, and 3rd floor 3,056 SF; NNN rent listed as $15+ NNN
More about this property
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