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    1226 State Ave Olympia, WA 98506

    For Lease
    $35 SF/Yr ($6,732 /Mo)

    Prime Olympia Office Space, Multiple Tenants.

    Lot size:
    2,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 2,267 square foot office building is situated at 1226 State Ave NE, Olympia, WA 98506, on a prominent thoroughfare. Built in 1990, this Class C property sits on 0.12 acres and features a traditional design with multiple tenant spaces. The building boasts a pleasant entryway and a shared kitchenette for tenant convenience. Ample parking is available both on-site and on the street at no additional cost. The property is zoned HDC-1 within Thurston County (APN: 68200400100). Access to the second floor is via stairs

    Property Features for 1226 State Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,267 SF
    Class
    C
    Total Rate
    6732.99

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Individual Offices
    Size
    200 SF
    Rate per SF
    $35

    HighLights

    • Corner lot standalone office building offering excellent visibility and accessibility.
    • Suitable for various businesses; previously occupied by a law firm, featuring a versatile floor plan.
    • Abundant natural light, ample free street parking, and on‑site parking available.
    • Attractive landscaping and a pleasant setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allstate Personal Financial ... Insurance Agency Laura M Murphy ... Family Law Attorney George A Steele LLC Personal Injury Attorney Sinclair & Strophy, P.S. Law Firm Teri Bangart: Allstate ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.88590488306
    Latitude
    47.046837480573

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Olympia Office Space, Multiple Tenants.
    Where is this office property / space located?
    The property is located at 1226 State Ave Olympia, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Corner lot standalone office building offering excellent visibility and accessibility.; Suitable for various businesses; previously occupied by a law firm, featuring a versatile floor plan.; Abundant natural light, ample free street parking, and on-site parking available.
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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
    1226 State Ave Olympia, WA 98506
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