Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4530-4538 Martin Way Olympia, WA 98516
    Property profile & analytics

    4530-4538 Martin Way, Olympia, WA 98516

    View on Map
    • Retail properties & Spaces
    • 9,950 SF
    • 1.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4530-4538 Martin Way

    Year built
    2014
    Lot size
    1.06 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Olympia retail property, located at 4530-4538 Martin Way E, offers 9,950 square feet of prime retail space in a thriving location. The property consists of two buildings built in 2014, situated on a 1.06-acre lot zoned HDC-4. Currently housing a mix of established businesses including Domino's, Impressions Dentistry, and Jimmy John's, this well-maintained property boasts a total of 4 suites, with one suite currently vacant at 664 square feet – perfect for a variety of uses such as a salon, restaurant, or dental practice. The minimum divisible space is 664 square feet. The property offers ample parking with 47 spaces available for customers and employees. Its strategic location at the intersection of Martin Way E and College St NE benefits from significant traffic volume, recording up to 124,575 vehicles in 2022, ensuring high visibility and accessibility for your business. This turn-key opportunity presents a chance to establish or expand your business in a bustling Thurston County, WA location, within the Olympia submarket. The property is professionally managed, ensuring a smooth and efficient operation. The property's address is 4530-4538 Martin Way E, Olympia, WA 98516. The Thurston County APN is 11817140203, 11817140204.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.825
    Latitude
    47.0486

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      9333 Martin Way

      Office Spaces
      9333 Martin Way, Lacey, WA 98516
      View Details
    • Value Estimation by Request
      4,089 SF

      8685 Martin Way E Ste, Unit 101

      MEDICAL BUILDING
      8685 Martin Way E Ste, Lacey, WA 98516-5857
      View Details
    • Value Estimation by Request
      4,288 SF

      6215 Martin E Way

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      6215 Martin E Way, Lacey, WA 98516-5566
      View Details
    • Value Estimation by Request
      3,840 SF

      6915 Martin E Way

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      6915 Martin E Way, Olympia, WA 98516-5562
      View Details
    • Value Estimation
      $1,115,000
      1,120 SF

      9319 Martin E Way

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      9319 Martin E Way, Olympia, WA 98516-5928
      View Details
    • Value Estimation by Request
      2,449 SF

      1475 Marvin NE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1475 Marvin NE Rd, Lacey, WA 98516-5768
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lacey Pad-Ready Development Site

      1.02-acre mixed-use development site with high visibility.
      6790 Martin Way E, Lacey, WA 98516
      View Details
    • $3,025,000

      Prime Land at Signalized Intersection

      2.17 acres of high-visibility land suitable for mixed-use development.
      7707 Martin Way E, Olympia, WA 98516
      View Details
    • $1,100,000

      Development Site on Martin Way

      Prime commercial land suitable for various development projects.
      9042 Martin Way E, Lacey, WA 98516
      View Details
    • Contact for pricing

      Olympia Commercial Land For Sale

      Commercial land available for sale in Olympia, Washington.
      4131 Martin Way E, Olympia, WA 98516
      View Details
    • $3,250,000

      Standalone Restaurant Building For Sale

      Restaurant building with large lot and ample parking.
      5580 Martin Way E, Lacey, WA 98516
      View Details
    • Contact for pricing
      18,300 SF

      Lacey Investment Opportunity: Leased Buildings

      Fully leased office/retail/flex buildings in Lacey's Hawks Prairie area.
      8286 28Th Ct, Lacey, WA 98516
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,822 SF

      Restaurant Space in Martin Village

      High-traffic retail center with fully built-out restaurant space.
      5400 Martin Way E, Lacey, WA 98516
      View Details
    • Contact for pricing
      10,888 SF

      New Construction Retail/Office Space

      New construction retail or office space with flexible floorplates.
      8845 Tallon Ln NE, Lacey, WA 98516
      View Details
    • $464,000
      29,000 SF

      New Industrial Flex Space Available

      New flex space for office, retail, or light industrial.
      170 Marvin Rd SE, Olympia, WA 98516
      View Details
    • $22,683
      10,888 SF

      New Construction Retail/Office Space

      New construction retail or office space with flexible floorplates.
      8845 Tallon Ln NE, Lacey, WA 98516
      View Details
    • $2,605 /Mo
      1,888 SF

      Versatile Industrial Space in Lacey

      Modern industrial suite suitable for retail, office, warehouse, and light industrial.
      7940 29Th Ave NE, Lacey, WA 98516
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4530-4538 Martin Way
    Olympia, WA 98516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4530-4538 Martin Way, Olympia, WA, 98516
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!