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    3912 Martin Way Olympia, WA 98506

    Sponsored
    For Sale
    $1,950,000

    8,447 SF Office/Land, $1.95M

    Property size:
    8,447 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Olympia commercial property presents a unique investment opportunity. Located at 3912 Martin Wy E, 98506, this 8,447 square foot office building sits on a 0.63-acre lot and offers significant potential. Built in 2006, the property features four individual suites, easily adaptable for a single user or multiple tenants. Suite A boasts 3,022 square feet, Suite B offers 2,155 square feet, Suite C provides 2,512 square feet, and Suite D comprises 758 square feet. This is the first time this building has been offered for sale separately from the adjacent property, presenting a rare chance to acquire a standalone asset. A planned lot split will result in 42 dedicated parking spaces for this building, ensuring ample parking for employees and clients. The asking price is $1,950,000. This property is ideally suited for an owner-user seeking a substantial and well-located office space in Thurston County, Washington. The strategic location in Olympia, WA, offers easy access to major transportation routes and amenities. This is a remarkable opportunity to acquire a versatile and well-maintained commercial property in a thriving market. Don't miss this chance to own a piece of Olympia's commercial landscape.

    Property Features for 3912 Martin Way

    General Information

    Property type
    Land
    Square Feet
    8,447 SF
    Lot Size
    27,443 SF

    HighLights

    • $1,950,000 asking price.
    • 8,447 square foot office building on a 0.63‑acre lot in Olympia, WA.
    • Four suites totaling 8,447 square feet, ranging from 758 SF to 3,022 SF, easily combinable.
    • Built in 2006.
    • Potential for 42 parking spaces with adjacent lot split.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elizabeth A. Schick, PT Physical Therapist Knust Katie L Family Counselor Holistic Mystic Mermaid ... Health Consultant Astrid Robertson Counselor Laura Y. Gustavson, ... Psychotherapist

    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
    -122.8385541
    Latitude
    47.0484002

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    FAQs

    What type of property is this?
    Land - 8,447 SF Office/Land, $1.95M
    Where is this land located?
    The property is located at 3912 Martin Way Olympia, WA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 8,447 square foot office building on a 0.63-acre lot in Olympia, WA.; Four suites totaling 8,447 square feet, ranging from 758 SF to 3,022 SF, easily combinable.
    Request Owner's contact information
    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
    3912 Martin Way Olympia, WA 98506
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