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    1801 Bay Dr Olympia, WA 98502

    For Lease
    $26 SF/Yr

    Premium Waterfront Office Building, Olympia

    Lot size:
    23,557 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional Class A office building, Smyth Landing, offers 23,557 square feet of premium office space in a sought-after Olympia location. Built in 2007, this single, four-story building boasts stunning views of Budd Inlet and Mount Rainier, providing a unique and desirable work environment. The property sits on a five-acre lot and features a traditional office layout with multiple tenancies. Currently, 2,585 square feet are vacant, presenting an excellent opportunity for expansion or new tenants. The building is meticulously maintained and offers convenient amenities including 50 surface parking spaces, a significant advantage in this area. One elevator services the four floors. The urban waterfront zoning allows for a variety of uses. The property's prime location is just five minutes from downtown Olympia, offering easy access to city amenities while enjoying the natural beauty of the waterfront setting. The APN numbers are 74810000200, 74810000300, 74810000600, 74810000800, and 74810000120. This is a rare opportunity to acquire a high-quality, well-located office building with significant potential.

    Property Features for 1801 Bay Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,557 SF
    Class
    A
    Total Rate
    52905.1

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    102B
    Size
    1,555 SF
    Rate per SF
    $26
    Space
    102A
    Size
    1,452 SF
    Rate per SF
    $26

    HighLights

    • Class A, 23,557 square foot office building built in 2007.
    • Five‑acre lot with 2,585 square feet of vacant space available.
    • Single four‑story building with one elevator.
    • 50 total parking spaces.
    • Multiple tenancy, traditional office space.
    • Urban Waterfront zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tilladelse Internet Marketing Service Jason S. Newcombe, ... Criminal Justice Attorney Laurie G. Robertson, ... Family Law Attorney Miller Allen Attorney Smyth McIntosh PS Real Estate Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.91540795755
    Latitude
    47.06011534919

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Waterfront Office Building, Olympia
    Where is this office property / space located?
    The property is located at 1801 Bay Dr Olympia, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Class A, 23,557 square foot office building built in 2007.; Five-acre lot with 2,585 square feet of vacant space available.; Single four-story building with one elevator.
    Request Owner's contact information
    1801 Bay Dr Olympia, WA 98502
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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
    1801 Bay Dr Olympia, WA 98502
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