Olympia, WA Office Spaces for Sale

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Updated: Mar 5

Well-Maintained Office Building For Sale

234 8th Avenue SE, Olympia, WA 98501

$999,000

6,914 sqft 0.23 AC lot

Prime corner location at 8th and Franklin.
Large 6914 SF main floor office space.
Secured underground parking garage (approx. 1

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This listing looks promising.

Here's a quick look at some key insights for

234 8th Avenue SE Olympia, WA 98501

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$90K
Annual
Price @ 7% Cap

$1.29M
Above asking

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Updated: May 16

Olympia Healthcare Investment Opportunity

115 New View Ct NE, Olympia, WA 98506

$5,050,000

111,949 sqft 1.10 AC lot

Purpose‑suited for a standalone ASC or medical clinic.
Located in Olympia's medically concentrated Lilly Road corridor, near Providence St. Peter Hospital.
Turnkey potential for owner‑user or healthcare operator.
Built/renovated in 2009.
Located within the HDC High Density Corridor zone.

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Medical Office Building with Vacant Suite

3910 Martin Way, Olympia, WA 98506

$3,695,000

8,265 sqft

Two 2006-built medical office buildings, including a currently vacant space with suites that can be combined.

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Four-Suite Office Building

3912 Martin, Olympia, WA 98506

$1,695,000

8,447 sqft

Four-office-suite building will be vacant at closing and can be reconfigured into a larger space.

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Classic Brick Office Buildings

2420-2424 Bristol Ct SW, Olympia, WA 98502

$4,500,000

35,738 sqft

Two well-maintained office buildings near the Thurston County Courthouse.

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Medical Office Portfolio at Black Hills Medical Park

402 BLACK HILLS LN SW OLYMPIA WA 98502-8145, Olympia, WA 98502

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33,007 sqft

Four fully occupied medical office properties offer modified gross leases and individually metered utilities within Black Hills Medical Park.

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Office Condominium with Inlet Views

1801 West Bay Dr NW, Olympia, WA 98502

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1,555 sqft

Private offices, reception, open work area, storage, and kitchenette support a flexible professional layout.

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Office Building Near Hospital

703 Lilly Rd NE, Olympia, WA 98506

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3,856 sqft

Professional workspace with access to I-5 and nearby residential and commercial areas.

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Mixed-Use Property with Two Buildings

115 Eastside, Olympia, WA 98506

$929,600

0.24 AC lot

General Commercial-zoned site with separate residential-scale and commercial buildings suited to office, medical, educational, or creative uses.

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Olympia Mixed-Use Investment Opportunity

1015 4th Ave, Olympia, WA 98502

$895,000

6,505 sqft

Mid-century modern building suitable for owner/user or investment.

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Medical Office Building Near Hospital

3610 Ensign Rd NE, Olympia, WA 98506

$2,000,000

6,222 sqft

6,222 SF medical office building across from Providence St. Peter Hospital.

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Cold Storage Warehouse Complex

545 Ronlee Ln NW, Olympia, WA 98502

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8,000 sqft 1.19 AC lot

Two cold-storage capable warehouse buildings on a fenced, gated site with grade-level roll-up doors and 3-phase power.

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Olympia Office Building For Sale

3912 Martin Way E, Olympia, WA 98506

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8,203 sqft 1.24 AC lot

Office building in Olympia, WA, featuring multiple suites and parking.

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Two-Story Office Building

1007 WASHINGTON ST SE, Olympia, WA 98501

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14,580 sqft 0.34 AC lot

Commercial office property with a two-story configuration and established institutional use.

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Medical Office Condo with Exam Rooms

403 Black Hills Ln SW, Suite C, Olympia, WA 98502

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2,189 sqft

Vacant Class B suite with two entrances, reception space, exam rooms, lab area, and private offices.

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Office Building with Flexible Suites

2607 Martin Way E, Olympia, WA 98506

$2,500,000

Flexible office configuration with multiple suites, two kitchens, two restrooms, and on-site parking.

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Mixed-Use Building with Retail

207-211 4th Ave E, Olympia, WA 98501

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12,960 sqft

Built in 1908, the property combines street-level retail with second-floor executive offices.

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Mixed-Use Building with 8 Tenants

302 304 4th Ave E, Olympia, WA 98501

$2,200,000

Occupied tenant mix includes street retail, artist lofts, music studios, and office uses.

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74-Suite Office Building with Ground Retail

203 4th Ave E, Olympia, WA 98501

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31,459 sqft

Downtown Olympia office building with 74 suites, including six ground-level retail spaces, and over 94% occupancy.

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Olympia Medical Building with Income

3641 Ensign Rd NE, Olympia, WA 98506

$815,000

3,562 sqft

Two-unit medical building with existing tenant and vacant suite.

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The Security Building Mixed-Use Property

201-205 4th Ave E, Olympia, WA 98501

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31,459 sqft

A 1908 downtown building combines ground-level retail with office suites across multiple floors.

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Office Unit with Private Rooms

2401 Bristol Court Sw A-102, Olympia, WA 98501

$399,000

Suite A-102 offers a reception area, conference room, sink, and shared restrooms within a professional complex.

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Medical Condo For Sale

403 Black Hills Lane SW, Olympia, WA 98502

$335,000

1,479 sqft

Medical condo with traditional layout, suitable for owner-user.

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Olympia Office Building For Sale

3910 Martin Way E, Olympia, WA 98506

$1,875,000

8,203 sqft

Office building in Olympia, WA, featuring multiple suites and parking.

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Olympia, WA Office Spaces Market Trends and Statistics

Explore 72 office spaces for sale in Olympia, WA, showcased through 56 active listings on our real estate platform. These investment opportunities span a total of 520,811 square feet of properties for sale, with an estimated market value of $32,585,550.

Sale prices for office spaces in Olympia, WA start at $300,000, averaging $1,629,277, and reaching up to $5,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 241K

Population Growth (5Y) +8.3%

Median Household Income $94,198

College Educated 31.7%

High-Yield Neighborhoods for Investment

Identify Olympia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98501	$989.7K
98502	$1.1M
98506	$1.7M

Taxes & Financing

Tax Rate (average for all types) 0.90%

Property Tax per SF $10.62 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Olympia fall within the 10,000 to 25,000 square foot range.

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