Technical
Financial
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Property profile

128 10th SW Ave Olympia, WA 98501

OFF-MARKET
Office buildings
Property ID
US90-0902515
53,585 SF 0.18 ac lot Built 2000
Individually Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • High School Vocational School
  • Vocational School Training Center
  • State Government Office
  • Property Management Company

Location

128 10th SW Ave Olympia, WA 98501-1203
Olympia metro Census 10100 OLYMPIA, WA METROPOLITAN STATISTICAL AREA
Google Maps

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

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

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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