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    111 Market St Olympia, WA 98501

    For Lease
    $32 SF/Yr

    Olympia's Premier Office Space

    Lot size:
    45,687 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional three-story, Class A office building, located in Olympia's vibrant Market District, offers 45,687 square feet of space, with 882 square feet currently vacant. Built in 2001, the property sits on a 1.21-acre lot and features a single, modern elevator. The building boasts 143 total parking spaces, including gated employee parking available for an additional monthly fee. A state-of-the-art heating and cooling system ensures year-round comfort. The building's zoning is Downtown Business, providing excellent access to amenities and transportation. The property is conveniently located near Washington Street NE and features a single building with multiple tenants. Its attractive design and prime location make it an ideal investment opportunity or a perfect space for a growing business. The Thurston County property, APN 91001104000, offers a blend of functionality and aesthetic appeal, making it a highly desirable commercial property. The building's traditional office layout provides flexibility for various business needs. This is a rare opportunity to acquire a well-maintained, high-quality office building in a thriving downtown location. The ample parking and convenient location are key advantages for employees and clients alike.

    Property Features for 111 Market St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,687 SF
    Total Rate
    121832

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    355
    Size
    2,100 SF
    Rate per SF
    $32

    HighLights

    • Class A office building totaling 45,687 square feet.
    • Located in Olympia's Market District with a Downtown Business zoning designation.
    • Features 143 parking spaces, including gated employee parking (fee applies).
    • Single three‑story building constructed in 2001, situated on a 1.21‑acre lot.
    • Currently 882 square feet of vacant space available.
    • Includes one elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Esri Software Company Mercato Ristorante Italian Restaurant Merrill Lynch Wealth ... Financial Planner Christa Huddleston Occupational Therapist Marlan B Dr- ... Otolaryngologist

    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
    -122.9016941
    Latitude
    47.0500065

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    FAQs

    What type of property is this?
    Office Property / Space - Olympia's Premier Office Space
    Where is this office property / space located?
    The property is located at 111 Market St Olympia, WA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 45,687 square feet.; Located in Olympia's Market District with a Downtown Business zoning designation.; Features 143 parking spaces, including gated employee parking (fee applies).
    Request Owner's contact information
    111 Market St Olympia, WA 98501
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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
    111 Market St Olympia, WA 98501
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