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Property profile & analytics
FOR LEASE
Office buildings

128 10Th Ave SW Olympia, WA 98501

53,585 SF 0.18 ac lot Built 2000
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0902515
128 10Th Ave SW, Olympia, WA 98501 For Lease
$19.95 SF/Yr 25,750 SF available
128 10Th Ave SW, Olympia, WA 98501
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Property summary
AI-generated overview

This exceptional five-story office building, located at 128 10th Avenue SW in Olympia, Washington, presents a unique opportunity for businesses seeking flexible and well-appointed space. The building boasts a total of 54,455 square feet, with a minimum divisible space of 7,500 square feet and a maximum contiguous space of 7,500 square feet. Currently, 15,000 square feet is available for lease. The entire second and fourth floors, each approximately 7,500 square feet, are immediately available. Each floor includes eight secured parking spaces at no extra cost, a significant advantage in a busy urban setting. Additional parking is readily available for lease just one block away. The second floor offers the added convenience of two shower rooms. The building sits on a 0.18-acre lot in Thurston County, WA, 98501. The landlord is open to leasing individual offices within the larger space, offering considerable adaptability to various business needs. A negotiable lease rate is available, which includes all utilities, making budgeting straightforward and predictable. This is a truly attractive space, offering a blend of convenience, functionality, and cost-effectiveness. Contact us to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2000
Construction CONCRETE
Total area 53,585 SF
Lot 0.18 ac (7,841 SF)
APN 7850-65-00004
UPID US90-0902515
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
  • Blink Charging Station Electric Vehicle Charging Station
  • Sound Circle Center High School Vocational School
  • Middle Way Acupuncture Institute Vocational School Training Center
  • Workforce Training & Education Coordinating Board State Government Office
  • Raad Properties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.96M
Blend (final) Blend
$5.79M
Owner & transaction history
Office Of Independent Investigation · 1 yrs held
Office Of Independent Investigation
since 2025
7 recorded transactions
2025
Price N/A
2018
Price N/A
2017
Price N/A
2011
Price N/A
2003
Price N/A
2002
Price N/A
1999
$58,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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