Property profile

101 Capitol Way Olympia, WA 98501

OFF-MARKET
Office Spaces
19,200 SF Built 1889
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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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Business Management Consultant
  • Public Health Department
  • Charitable Organization Social Service Agency
  • Environmental Consultant

Location

101 Capitol Way Olympia, WA 98501
Olympia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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