101 Capitol Way, Olympia, WA 98501
The Mottman Building, a beautifully maintained historic landmark, offers flexible office space in the heart of downtown Olympia. Located at the corner of Capitol Way and 4th Avenue, this Class B building boasts 19,200 square feet across three stories, with a variety of options available for lease. Spaces range from a minimum of 440 square feet to a maximum contiguous space of 1,615 square feet, with 2,948 square feet currently vacant. Built in 1889 and renovated in 2002, the building features one elevator and common area restrooms. The building is ideal for coworking spaces or creative office tenants seeking a unique and historic setting. Convenient parking is available for a fee in a nearby 31-stall lot across Capitol Way. All leases include full-service amenities, including janitorial services. The property sits on a 0.36-acre lot and is identified by APN numbers 78501300700 and 78500400602. This is a rare opportunity to secure office space in a highly desirable downtown location within a building rich in history and character. The building's multiple tenancy allows for a diverse and vibrant community of businesses.
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Belleza Ropa Clothing and Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
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The Athena Group Business Management Consultant
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Healthy Youth Survey, Washington Public Health Department
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Washington Association for Community Health Charitable Organization Social Service Agency
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Anchor QEA Environmental Consultant
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.