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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

506 Adams St Olympia, WA 98501

16,704 SF Built 1989
Property ID
Property summary
AI-generated overview

This exceptional 1,200 square foot executive office space, located at 506 Adams St SE in Olympia, WA, presents a unique opportunity. Situated in the vibrant CBA Olympia submarket, this single-tenant property is part of a larger 16,704 square foot building constructed in 1989. The space boasts recent upgrades, including a new reception desk, flooring, and lighting, creating a modern and inviting atmosphere. Currently configured with four treatment rooms, this adaptable space is easily convertible to open retail space, catering to a variety of business needs. Its previous use as an esthetician's office, next to a spa and supply store, highlights its ideal location for similar businesses. The property is ADA accessible and includes access to a common area restroom. The 0.17-acre lot houses a three-story building, offering ample space and potential. The Thurston County location and 98501 zip code provide excellent access to amenities and transportation. This property is perfect for estheticians, lash artists, massage therapists, or any general office user seeking a move-in ready space in a thriving downtown location. The APN is 78504500601.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1989
Total area 16,704 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
  • Rylee Made Me Prettier Hair Salon
  • SkinDeep Olympia Spa & Massage Center
  • Cleanse Body Bar Spa & Massage Center
  • Panacea Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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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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