111 Market St NE Olympia, WA 98501
For Lease
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This exceptional three-story, Class A office building, located in Olympia's vibrant Market District, offers 45,687 square feet of space, with 882 square feet currently vacant. Built in 2001, the property sits on a 1.21-acre lot and features a single, modern elevator. The building boasts 143 total parking spaces, including gated employee parking available for an additional monthly fee. A state-of-the-art heating and cooling system ensures year-round comfort. The building's zoning is Downtown Business, providing excellent access to amenities and transportation. The property is conveniently located near Washington Street NE and features a single building with multiple tenants. Its attractive design and prime location make it an ideal investment opportunity or a perfect space for a growing business. The Thurston County property, APN 91001104000, offers a blend of functionality and aesthetic appeal, making it a highly desirable commercial property. The building's traditional office layout provides flexibility for various business needs. This is a rare opportunity to acquire a well-maintained, high-quality office building in a thriving downtown location. The ample parking and convenient location are key advantages for employees and clients alike.
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Christa Huddleston Physician
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.