506 Adams St, Olympia, WA 98501
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.
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Panacea Alternative Medicine Practice Spa & Massage Center
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
Similar Nearby for Sale
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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.