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    1115 Bay Dr Olympia, WA 98502

    For Lease
    $26 SF/Yr

    Waterfront Views, Ample Parking, Class A

    Lot size:
    35,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office building, constructed in 2006, offers 35,651 square feet of versatile space situated on a 2.283-acre waterfront lot in Thurston County. The single, three-story building boasts 72 parking spaces, ensuring convenient access for tenants and visitors. The property features multiple tenancies, providing flexibility for various business needs. Enjoy stunning waterfront views from this desirable location. The building is equipped with elevators for easy access to all three floors. Its zoning designation is PO/RM. The property's address is 1115 W Bay Drive NW, and its Assessor's Parcel Number (APN) is 09030003000. This prime location offers convenient access to downtown Olympia and Interstate 5, providing excellent connectivity for employees and clients. Tenant improvement negotiations are available, allowing for customization to suit specific business requirements. This presents a unique opportunity to acquire a well-maintained, high-quality office building in a highly sought-after location. The property's size and amenities make it ideal for a variety of businesses seeking a prestigious and functional workspace.

    Property Features for 1115 Bay Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,651 SF
    Class
    A
    Total Rate
    77243.83

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    301
    Size
    5,588 SF
    Rate per SF
    $26

    HighLights

    • Class A, 35,651 square foot office building.
    • Single, three‑story building constructed in 2006.
    • Located on a 2.283‑acre site in Thurston County.
    • Features 72 parking spaces and elevators.
    • Multiple tenant occupancy.
    • PO/RM zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gibbs & Olson Inc Land Surveyor madrona psychological Psychologist Owens Davies, P.S. Estate Planning Attorney Budsberg Law Group, ... Bankruptcy Attorney Sculpt Studio x ... Medical Spa

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -122.9140297
    Latitude
    47.0549535

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    FAQs

    What type of property is this?
    Office Property / Space - Waterfront Views, Ample Parking, Class A
    Where is this office property / space located?
    The property is located at 1115 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, 35,651 square foot office building.; Single, three-story building constructed in 2006.; Located on a 2.283-acre site in Thurston County.
    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
    1115 Bay Dr Olympia, WA 98502
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