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    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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    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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