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    Property profile & analytics

    2120 State Ave Olympia, WA 98506

    • Office buildings
    • 6,808 SF
    • 0.51 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-1625527
    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

    • Janet Brodsky - South Bay Counseling / Social Worker / Psychotherapist
    • Preble Law Firm, P.S. / Family Law Attorney / General Practice Attorney
    • Jack W. Hanemann, P.S. / Personal Injury Attorney / General Practice Attorney
    • Janet R. Bent, MA / Family Counselor
    • RayTen Creative Design / Artist

    Property Details for 2120 State Ave

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    0.51 lot acres
    Property size
    6,808 SF
    Property type
    Office buildings
    APN
    6890-21-00800
    APU
    68902100800

    Description

    This exceptional two-story Class B office building, totaling 12,738 square feet, presents a unique opportunity for businesses seeking executive office space in a highly desirable location. Situated on a 0.51-acre lot, the property boasts ample parking, including covered options, and offers easy freeway access for convenient commuting. Currently, 4,050 square feet of space is available, divisible into units as small as 860 square feet and with a maximum contiguous space of 3,000 square feet. Built in 1986, the building features a quiet and private atmosphere, ideal for focused work environments. The property is ADA accessible and offers a modified gross lease structure. Its convenient location provides proximity to both Lacey and downtown Olympia, making it an attractive option for businesses seeking a central location with excellent accessibility. The property's tax ID number is 68902100800. This is a multi-tenant building offering flexibility for businesses of various sizes. The available space is perfect for companies needing a professional and efficient workspace with convenient amenities. Don't miss this chance to secure your ideal office space in a prime location.

    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
    -122.871
    Latitude
    47.0471
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,558
    $173,200
    $1,890,400
    $2,063,600
    -
    $173,200
    $1,890,400
    $2,063,600

    Comparable in this City

    • Value Estimation by Request
      4,991 SF

      1211 State NE Ave

      PROFESSIONAL BUILDING • 4,991 SF
      1211 State NE Ave, Olympia, WA 98506-4234
      View Details
    • Value Estimation
      $225,000
      1,724 SF

      1014 4th E Ave

      PROFESSIONAL BUILDING • 1,724 SF
      1014 4th E Ave, Olympia, WA 98506-4017
      View Details
    • Value Estimation
      $230,000
      1,129 SF

      1711 4th E Ave

      PROFESSIONAL BUILDING • 1,129 SF
      1711 4th E Ave, Olympia, WA 98506-4533
      View Details
    • Value Estimation
      $210,000
      1,868 SF

      1821 4th E Ave

      PROFESSIONAL BUILDING • 1,868 SF
      1821 4th E Ave, Olympia, WA 98506-4629
      View Details
    • Value Estimation
      $490,000
      1,514 SF

      165 Lilly Rd Ne Ste B

      PROFESSIONAL BUILDING • 1,514 SF
      165 Lilly Rd Ne Ste B, Olympia, WA 98506-5086
      View Details
    • Value Estimation
      $435,000
      2,025 SF

      145 Lilly NE Rd, Unit 102

      PROFESSIONAL BUILDING • 2,025 SF
      145 Lilly NE Rd, Olympia, WA 98506-5028
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Olympia Office/Clinic Building For Rent

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      Olympia Office Building - State Ave.

      Prime Olympia Office Space, Multiple Tenants.
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    • $20 SF/Yr
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      Martin Way Office Building

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    • $42 SF/Yr
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      Medical Office Near Providence Hospital

      Move-in ready medical office space adjacent to Providence St. Peter.
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    • $12 SF/Yr
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      Olympia Office Space For Lease

      Office space available near I-5 Exit 108 in Olympia.
      3435 Martin Way E, Olympia, WA 98506
      View Details
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    Olympia, WA 98506
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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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