3910-3912 Martin Way Olympia, WA 98506
This exceptional Lacey, WA investment opportunity features two high-quality buildings totaling 16,468 square feet, constructed in 2006. The property, located at 3910-3912 Martin Way East (APN 11817242100), boasts a prime location on a busy thoroughfare, offering convenient proximity to Providence Hospital and I-5 access. One building houses long-term tenants (6,113 SF) providing stable investment income, while the second building (9,325 SF) features month-to-month tenants, presenting an ideal scenario for an owner-user seeking immediate occupancy. Both buildings are equipped with new HVAC units. The asking price is $4,200,000, translating to $255.04 per square foot. Abundant parking is available. The property's dual-building structure allows for the potential sale of each building individually, offering flexibility for future investment strategies. This versatile property is suitable for a variety of uses, including retail and medical office space, making it a compelling investment prospect in a thriving Thurston County market. The zip code is 98506.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.