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Property profile & analytics
FOR LEASE
Commercial land

111 Market St NE Olympia, WA 98501

1.21 ac lot
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-0906173
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.21 ac (52,708 SF)
APN 9100-11-04000
UPID US90-0906173
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
  • Esri (Bike/Boat/Book/etc) Store Corporate Office
  • Mercato Ristorante Restaurant
  • Merrill Lynch Wealth Management Advisor Elizabeth McDaniel Financial Advisor
  • Christa Huddleston Physician
  • Marlan B Dr- Ear Nose & Throat Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Market Centre LLC · 6 yrs held
Market Centre LLC
since 2020
4 recorded transactions
2020
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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