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    OFF-MARKET
    Office Spaces

    101 Capitol Way, Olympia, WA 98501

    19,200 SF Built 1889
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1889
    Total area 19,200 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
    Current use
    Occupant on record · Public records
    • Belleza Ropa Clothing and Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    • The Athena Group Business Management Consultant
    • Healthy Youth Survey, Washington Public Health Department
    • Washington Association for Community Health Charitable Organization Social Service Agency
    • Anchor QEA Environmental Consultant
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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