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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3910-3912 Martin Way Olympia, WA 98506

16,468 SF Built 2006
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2006
Total area 16,468 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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