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    724 Columbia St Olympia, WA 98501

    For Lease
    $30 SF/Yr

    Class A Office Space, Downtown Olympia

    Lot size:
    48,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This premier, four-story Class A office building, totaling 48,000 square feet, offers executive and traditional office spaces in Olympia's vibrant Market District. Built in 1998, the property boasts a coveted urban waterfront location, placing it adjacent to Anthony's Homeport, the Olympia Farmer's Market, and the Port of Olympia. The building features two elevators and ample parking, including open spaces, visitor parking, and convenient access to additional free parking in the Market District and the capitol campus' free Dash transit line. Utilities and janitorial services are included in the base rent, minimizing operational costs for tenants. A large, shared conference room on the second floor is available for use by appointment, providing a valuable amenity for businesses. Professional on-site building management ensures smooth operations and tenant satisfaction. The property is zoned for Urban Waterfront use and has APN 99700413700 in Thurston County, WA. Please note a non-compete clause exists, prohibiting securities broker/dealer or investment banking firms from occupying the space. This exceptional location and comprehensive amenities make this an unparalleled opportunity for businesses seeking a prestigious and convenient office space in downtown Olympia.

    Property Features for 724 Columbia St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,000 SF
    Class
    A
    Total Rate
    120000

    Building Details

    Year Built
    1998
    Stories
    4

    Unit(s) available at that property

    Space
    300
    Size
    2,309 SF
    Rate per SF
    $30
    Space
    320
    Size
    4,069 SF
    Rate per SF
    $33
    Space
    203
    Size
    282 SF
    Rate per SF
    $36
    Space
    Fourth Floor
    Size
    5,014 SF
    Rate per SF
    $32
    Space
    300/320
    Size
    6,378 SF
    Rate per SF
    $31

    HighLights

    • Prime waterfront location in Olympia, near the Farmer's Market.
    • Excellent public transportation access.
    • Convenient proximity to essential amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rants Group Commercial Real Estate Agency Federal Motor Carrier ... Government Office Pacific Education Institute Non-Profit Organization Washington Forest Protection Non-Profit Organization Olympia Capitol Group ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9040319
    Latitude
    47.0507825

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Downtown Olympia
    Where is this office property / space located?
    The property is located at 724 Columbia St Olympia, WA.
    What is the lease rate?
    The lease rate is $30-$36 SF/Yr.
    What are key features of this property?
    This property features: Prime waterfront location in Olympia, near the Farmer's Market.; Excellent public transportation access.; Convenient proximity to essential amenities.
    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
    724 Columbia St Olympia, WA 98501
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