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1014 4th E Ave Olympia, WA 98506-4017

OFF-MARKET Office buildings Google Maps
1,724 SF 0.14 ac lot Built 1914
Individually Owned ~ Est. High Equity
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US90-0623198

Property summary

AI-generated overview

This exceptional 1914 commercial building, located at 1014 E 4th Avenue in Olympia, WA, presents a unique investment opportunity. Situated on a 0-acre lot in a high-traffic area of Olympia, this property boasts a prime location on busy East 4th Avenue. The building has been thoughtfully remodeled and successfully utilized as an office space for many years. Recent upgrades significantly enhance its value and functionality. A brand-new HVAC system was installed in 2024, ensuring optimal climate control. The roof, replaced in 2006 with a 30-year lifespan, provides long-term peace of mind. Accessibility has been improved with a rebuilt ramp, also completed in 2024. Energy efficiency is maximized with the recent installation of new LED lighting. Ample parking is available, with at least eight spaces on the property, supplemented by additional street parking. The building features a usable upstairs area with multiple offices and a restroom. The basement is currently unused, offering potential for future expansion or storage. This versatile property is ideally suited for a variety of commercial uses, including office space or retail. The asking price is $489,000. This is a rare opportunity to acquire a well-maintained, historically significant building in a thriving location. Don't miss out on this chance to own a piece of Olympia's commercial landscape.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1914
Construction WOOD FRAME
Total area 1,724 SF
Lot 0.14 ac (6,098 SF)
APN 6810-03-00800
UPID US90-0623198

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2026
Last sale
$385,000
4 recorded transactions
2026
$385,000
2014
Price N/A
2001
$187,500
1990
$82,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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