Financial
Distress signals
Property profile

2703 Capital Mall Dr SW Olympia, WA 98502

FOR LEASE
Other retail properties
Property ID
US90-1485168
19,600 SF 0.73 ac lot Built 1986
Last sale Nov 2023 · $1,876,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2703 Capital Mall Dr SW, Olympia, WA 98502 For Lease
Contact for pricing 2,015 SF available
2703 Capital Mall Dr SW, Olympia, WA 98502
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Property summary

AI-generated overview

Capital Square is a mixed-use commercial property in West Olympia located at 2703 Capital Mall Dr SW, positioned directly across from the mall. The building combines office and retail spaces, supporting multiple commercial occupancy types within a single structure, and it is configured for use by a variety of local commercial tenants within the same premises.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value · 2022$2.76M
Assessed land$233k
Assessed improvement$2.52M
Effective rate1.00%

Value estimate

· Sep 2026
$2.22M
$2.00M – $2.44M
AI approach$2.25M
Submarket $/SF estimate$1.29M
NOI build-up
Gross scheduled income$44k
Vacancy & credit loss−$9k
Operating expenses−$9k
NOI · 194,407.41% cap applied$26k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$339/SF
ZIP average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$215 – $684

Cap rate analysis

How does the asset earn?
194,407.41%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.9
Hotel & Motel12.5
Electrical Service11.6

Location

2703 Capital Mall Dr SW Olympia, WA 98502
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2815 Capital Mall SW, Olympia, WA 98502-8633 $5,587,000 Jul 2025 35,836 SF
1515 Black Lk SW, Olympia, WA 98502-1117 $2,400,000 Dec 2024 8,429 SF
1309 Cooper Pt SW, Olympia, WA 98502-5729 $3,300,000 Sep 2022 8,960 SF
3002 Harrison NW, Olympia, WA 98502-2506 $1,489,000 Aug 2022 8,204 SF
2705 Limited NW, Olympia, WA 98502-6504 $3,623,796 Jun 2022 7,545 SF
2125 Carriage SW, Olympia, WA 98502-5700 $3,626,064 Jun 2022 11,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
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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