Entity Owned Property summary
This exceptional investment opportunity presents a 5,060 square foot Sherwin-Williams storefront located at 2303 Harrison Ave NW, Olympia, WA 98502. The property sits on a 0.55-acre lot and boasts a strong Net Lease (NNN) agreement with a corporate guarantee from Sherwin-Williams, a Fortune 500 company. The lease commenced December 1, 2004, and extends until November 30, 2029, providing a remaining term of five years. The property features a current Net Operating Income (NOI) of $113,124,… resulting in a 6.50% cap rate and an asking price of $1,741,000. Built in 2005, this location benefits from significant traffic volume, situated near the intersection of Harrison Avenue NW and Division Street NW (35,008 vehicles daily) and in close proximity to US Route 101 (137,442 AADT). Its strategic location is only 0.3 miles from Capital Mall, a major shopping center in Olympia, and enjoys a strong demographic profile, with over 108,595 people residing within a five-mile radius, boasting an average annual household income exceeding $111,000. The property's location also benefits from its proximity to other major retailers including Target, Ross, Ulta, and many more. Rent bumps are included in the lease agreement. This is an ideal investment for a 1031 exchange.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,060 SF
- Lot area
- 0.55 ac
- Year built
- 2005
- Stories
- 1
- APN
- 7040-03-02502
- Assessed value · 2022
- $1,314,500
- Annual tax · 2023
- $13,099
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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