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    8602 Pacific Ave Olympia, WA 98513

    • Commercial real estate
    For Sale
    View listing
    $1,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US90-1768337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8602 Pacific Ave

    Property type
    Commercial real estate

    Description

    This exceptional 4.2-acre property located at 8602 Pacific Ave SE, Olympia, WA 98513, presents a unique investment opportunity in a thriving area. Priced at $1,000,000, the land offers endless development potential for discerning investors and developers. The property currently includes a three-bedroom, two-bathroom home, providing immediate rental income potential or temporary housing during the planning and development phases. This existing structure adds significant value and flexibility to the overall investment. The expansive acreage is ideally suited for a variety of projects, including multi-family residential developments such as condos, apartments, or duplexes. Alternatively, the property could accommodate a mixed-use development, capitalizing on the increasing demand for commercial ventures in this rapidly growing location. The property's zoning and potential uses should be independently verified. This is a rare chance to acquire a large parcel of land in a prime location, poised for significant appreciation and return on investment. The property is situated in Thurston County and offers convenient access to Olympia's amenities and infrastructure. This is a truly remarkable opportunity to shape the future of this desirable area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.75699323105
    Latitude
    47.036475559611

    Comparable in this City

    • $850,000
      1.33 Acres

      Lacey Commercial Land: Prime Location

      1.33 Acres, High Visibility, Versatile
      180 Hoh St, Lacey, WA 98513
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    • $179,000

      Ready-to-Build Lot with View

      Level lot with installed drain field and Mt. Rainier view.
      8026 Dawn Hill Dr, Olympia, WA 98513
      View Details

    Similar Nearby for Sale

    • $179,000

      Ready-to-Build Lot with View

      Level lot with installed drain field and Mt. Rainier view.
      8026 Dawn Hill Dr, Olympia, WA 98513
      View Details
    • $850,000
      1.33 Acres

      Lacey Commercial Land: Prime Location

      1.33 Acres, High Visibility, Versatile
      180 Hoh St, Lacey, WA 98513
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
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      Flexible Suites in Lacey, WA

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      6045 Balustrade Blvd SE, Lacey, WA 98513
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    • Contact for pricing
      16,594 SF

      Retail Space in South Lacey

      Freestanding building with drive-thru in South Lacey retail core.
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    • $19 SF/Yr
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      Move-in Ready Remodeled Office Suite

      Remodeled 1,476 SF office suite in high-traffic Lacey plaza.
      4631 Whitman Ln SE, Lacey, WA 98513
      View Details
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    8602 Pacific Ave
    Olympia, WA 98513
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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