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    Property profile & analytics

    8208 River Dr Olympia, WA 98501

    • Office Properties & Spaces
    • 28,750 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 8208 River Dr

    Year built
    2024
    Lot size
    2.44 lot acres
    Property size
    28,750 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 28,750-square-foot industrial/office flex space presents a rare opportunity in Olympia's thriving Deschutes Industrial Park. Built in 2024, this single-story building sits on a 2.44-acre lot (106,361 square feet) and offers immediate occupancy with its entirely vacant space. The property boasts a 231-foot ceiling height, providing ample vertical space for various uses. Convenient access is ensured by four dock-high doors and four drive-in doors, facilitating efficient loading and unloading. The zoning is designated as Light Industrial, allowing for a wide range of potential businesses. The property's address is 8208 River Dr SE, Olympia, WA 98501, within Thurston County, and its APN is 44160001500. Its strategic location offers proximity to the Tumwater Warehouse District at Deschutes Landing, providing excellent logistical advantages. This is a turnkey solution for businesses seeking modern, spacious, and well-equipped industrial or flex space in a prime Olympia location. The property is ready for immediate occupancy.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.884
    Latitude
    46.9687

    Comparable in this City

    • Value Estimation by Request
      4,944 SF

      6221 Rich Rd

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    • Value Estimation by Request
      29,150 SF

      8913 Select Ct

      Flex space • 29,150 SF
      8913 Select Ct, Tumwater, WA 98501
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    • Value Estimation by Request
      4,944 SF

      6221 Rich Rd

      Distribution properties • 4,944 SF
      6221 Rich Rd, Olympia, WA 98501
      View Details
    • Value Estimation by Request
      1,600 SF

      1015 85th SE Ave

      LIGHT INDUSTRIAL • 1,600 SF
      1015 85th SE Ave, Olympia, WA 98501-5706
      View Details
    • Value Estimation by Request
      45,600 SF

      618 7th SE Ave

      OFFICE (GENERAL) • 45,600 SF
      618 7th SE Ave, Olympia, WA 98501-1454
      View Details
    • Value Estimation by Request
      28,700 SF

      1145 85th SE Ave

      OFFICE (GENERAL) • 28,700 SF
      1145 85th SE Ave, Tumwater, WA 98501-5708
      View Details

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    8208 River Dr
    Olympia, WA 98501
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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
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