Property profile

2629 Parkmont Ln Olympia, WA 98502

OFF-MARKET
Office Spaces
1,408 SF 1.24 ac lot Built 1982
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Property summary

AI-generated overview

This 1,408-square-foot Class B office condominium, located at 2629 Parkmont Lane SW, Suite 102, Olympia, WA 98502, is a vacant, single-story unit in a one-building complex built in 1982 and renovated in 2008. The property sits on a 1.24-acre lot (APN 67240100102) and is zoned HDC-4. Currently configured with three offices (potentially five with reconfiguration), a reception area, and waiting room, this flexible space offers significant adaptability. Two ADA-compliant restrooms are included. The asking price is $389,000. The modified gross lease rate is $20.00 per square foot. Monthly association dues are $398.13. This owner-user opportunity presents a compelling investment in a desirable Olympia location. The property's accessibility features and adaptable layout make it suitable for a variety of businesses. The building features a single story and is part of the Parkmont neighborhood.

Property profile

Verified
Property type Office Spaces
Year built 1982
Total area 1,408 SF
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Medical Clinic
  • Psychotherapist
  • Insurance Agency
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

2629 Parkmont Ln Olympia, WA 98502
Olympia metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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