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    Property profile & analytics

    2703 Capital Mall Dr Olympia, WA 98502

    • Retail properties
    • 19,600 SF
    • 0.73 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $2,115,000
    Last Sale
    Nov 16, 2023
    $1,876,000
    Location Intelligence
    Property ID
    US90-1485168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CU Dealer Direct / Financial Institution
    • Evergreen Beauty College Olympia / Beauty School
    • Prew Cutz / Barber Shop
    • Primp lash & beauty boutique / Beauty Salon / Eyebrow Bar
    • primp and refinery / Beauty Salon

    Property Details for 2703 Capital Mall Dr

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    0.73 lot acres
    Property size
    19,600 SF
    Property type
    Retail properties
    APN
    3861-00-00200
    APU
    38610000200

    Description

    This two-story, 19,600 square foot office building at 2703 Capital Mall Dr SW, Olympia, WA 98502, offers a unique leasing opportunity. Built in 1986, the property sits on 0.6 acres and features nine total suites, with 4,415 square feet currently vacant. Spaces range from a minimum of 2,015 square feet to a maximum contiguous space of 4,415 square feet, making it suitable for a variety of business needs. The building offers a traditional office layout, executive office options, and coworking potential. The property boasts ample natural light thanks to expansive windows, creating a bright and inviting atmosphere. With 37 parking spaces available, accessibility for employees and clients is ensured. The building does not have elevators. This versatile space is ideal for businesses seeking a modern and functional workspace in a convenient Olympia location. The property's flexible layout allows for customization to meet diverse business requirements. This is a prime opportunity to secure office space in a desirable area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,635,000
      6.5%
      $1,785,000
      7%
      $1,980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,955,000
      Geo Method
      $1,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,045,000
      Retail
      $1,875,000
      Mixed-Use
      $2,220,000
      Hospitality
      $1,770,000
      Educational
      $1,955,000
      Residential Income
      $1,950,000
      Energy
      $2,015,000
      Income-Based Land
      $2,200,000
      Food Service
      $1,605,000

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.935
    Latitude
    47.0394
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,443
    $232,900
    $2,522,100
    $2,755,000
    -
    $232,900
    $2,522,100
    $2,755,000

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      2825 Capital Mall SW Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 14,000 SF
      2825 Capital Mall SW Dr, Olympia, WA 98502-8633
      View Details
    • Value Estimation
      $1,200,000
      5,600 SF

      2021 Harrison NW Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,600 SF
      2021 Harrison NW Ave, Olympia, WA 98502-4528
      View Details
    • Value Estimation
      $3,425,000
      11,580 SF

      2125 Carriage SW Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,580 SF
      2125 Carriage SW Dr, Olympia, WA 98502-5700
      View Details
    • Value Estimation by Request
      11,414 SF

      2111 Carriage SW Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,414 SF
      2111 Carriage SW Dr, Olympia, WA 98502
      View Details
    • Value Estimation by Request
      6,125 SF

      405 Mcphee SW Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,125 SF
      405 Mcphee SW Rd, Olympia, WA 98502-5078
      View Details
    • Value Estimation
      $345,000
      1,568 SF

      2424 Harrison NW Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,568 SF
      2424 Harrison NW Ave, Olympia, WA 98502-4545
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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    2703 Capital Mall Dr
    Olympia, WA 98502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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