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    2615 Capital Mall Dr Olympia, WA 98502

    For Lease
    Contact for pricing

    Olympia Retail Space Available Now

    Lot size:
    46,793 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Black Lake Village, a single-story, 46,793 square foot retail strip center located at 2615 Capital Mall Dr SW in Olympia, WA 98502 (Thurston County), offers exceptional leasing opportunities. Built in 1979, this established center currently has 10,597 square feet of vacant space available, divisible into units ranging from 1,201 to 4,752 contiguous square feet. Ideal for a variety of retail businesses, the property boasts high visibility and convenient access from Capital Mall Drive. The property's single-building design provides ease of access and management for tenants. The location within Olympia, Washington offers a strong demographic base and significant foot traffic. This is a prime opportunity for businesses seeking established retail space in a thriving community. The property is situated in Thurston County and offers a well-maintained environment for tenants. With its convenient location and flexible space options, Black Lake Village presents a compelling investment opportunity for businesses looking to establish or expand their presence in the Olympia market. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. Contact us today to learn more about this exceptional retail space and secure your ideal location.

    Property Features for 2615 Capital Mall Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,793 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A1
    Size
    2,258 SF
    Space
    Suite A-6B
    Size
    2,386 SF
    Space
    Suite A6-A
    Size
    1,201 SF

    HighLights

    • 46,793 square foot retail strip center.
    • Fascia and pylon signage available.
    • Strong tenant mix including Outback Steakhouse, Panera Bread, Mattress Firm, and AAA Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy Lemon Olympia Bubble Tea Store Pho Hoa Noodle ... Restaurant CosmoProf Beauty Supply Store Outback Steakhouse Steak House 4th & Brooklyn Studio Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.9344757
    Latitude
    47.0389748

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    FAQs

    What type of property is this?
    Neighborhood center - Olympia Retail Space Available Now
    Where is this neighborhood center located?
    The property is located at 2615 Capital Mall Dr Olympia, WA.
    What are key features of this property?
    This property features: 46,793 square foot retail strip center.; Fascia and pylon signage available.; Strong tenant mix including Outback Steakhouse, Panera Bread, Mattress Firm, and AAA Washington.
    Request Owner's contact information
    2615 Capital Mall 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
    2615 Capital Mall Dr Olympia, WA 98502
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