Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3200 Pacific SE Ave Olympia, WA 98501-2045
    Back to Search
    Property profile & analytics

    3200 Pacific SE Ave, Olympia, WA 98501-2045

    View on Map
    • Retail space
    • 180 SF
    • 1.35 lot acres
    Off-Market
    Property ID
    US90-0778327
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chevron / Gas Station
    • Boss Auto Repair / Auto Repair Shop
    • Café Elite / Cafe & Coffee Shop
    • RESTAURANT / Restaurant
    • Bitcoin Depot | Bitcoin ATM / Atm / Crypto Atm

    Property Details for 3200 Pacific SE Ave

    Year built
    2020
    Construction
    WOOD FRAME
    Lot size
    1.35 lot acres
    Property type
    Retail space
    APN
    0984-00-07001
    APU
    9840007001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 21, 2019 — Jjp Gorup LLC — Deed · related $1.6M · Washington Business Bank
    Jun 15, 2016 $825,000 Jjp Group LLC Wa 2013 LLC Warranty Deed $500k · Wa 2013 LLC
    Oct 11, 2013 — Wa 2013 LLC Rader,john P Quit Claim Deed · related —
    Oct 31, 2005 — Levi Joel Bussanich Harry Angel Quit Claim Deed · related $1.3M · Northwest Business Bank
    Oct 11, 2001 $700,000 Levin Bussanich Cox,walt — $630k · Walt
    Jul 26, 1993 $665,000 Eric Ok Tires INC Unknown Grant Deed —
    Sep 20, 1991 $249,600 Walter Walter Cox Hanson, Steven W Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.854
    Latitude
    47.0426
    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
    $21,876
    $61,300
    $2,134,600
    $2,195,900
    -
    $61,300
    $2,134,600
    $2,195,900

    Comparable in this City

    • Value Estimation by Request
      5.45 Acres

      3500 Pacific SE Ave

      RETAIL STORES (PERSONAL SERVICES)
      3500 Pacific SE Ave, Olympia, WA 98501
      View Details
    • Value Estimation
      $740,000
      4,600 SF

      8433 Old Hwy 99th SE

      RETAIL STORES (PERSONAL SERVICES)
      8433 Old Hwy 99th SE, Olympia, WA 98501
      View Details
    • Value Estimation
      $1,475,000
      12,960 SF

      209 4th E Ave

      RETAIL STORES (PERSONAL SERVICES)
      209 4th E Ave, Olympia, WA 98501-6966
      View Details
    • Value Estimation
      $940,000
      6,300 SF

      600 4th E Ave, Unit 14

      RETAIL STORES (PERSONAL SERVICES)
      600 4th E Ave, Olympia, WA 98501-1113
      View Details
    • Value Estimation
      $895,000
      5,822 SF

      116 5th SE Ave

      RETAIL STORES (PERSONAL SERVICES)
      116 5th SE Ave, Olympia, WA 98501-6982
      View Details
    • Value Estimation
      $1,545,000
      10,509 SF

      510 Capitol S Way, Unit 18

      RETAIL STORES (PERSONAL SERVICES)
      510 Capitol S Way, Olympia, WA 98501-1204
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Large Stand-Alone Building in Olympia

      18,000 SF building with 130+ parking stalls for sale.
      3738 Pacific Ave Southeast, Olympia, WA 98501
      View Details
    • Contact for pricing
      8,672 SF

      Downtown Olympia Corner Retail Space

      Corner retail space in downtown Olympia with high visibility.
      501 S Capitol Way, Olympia, WA 98501
      View Details
    • Contact for pricing

      High-Visibility Retail Redevelopment Opportunity

      Infill retail asset with redevelopment potential in active commercial corridor.
      5203 Capitol Blvd South, Tumwater, WA 98501
      View Details
    • $1,499,000

      Versatile Building with Redevelopment Potential

      13,657 SF building with showroom, storage, and redevelopment options.
      509 E 4Th Ave, Olympia, WA 98501
      View Details
    • Contact for pricing
      10,454 SF

      Historic Olympia Mixed-Use Investment

      Mixed-use property with residential and retail in Olympia's Historic District.
      410 Franklin St SE, Olympia, WA 98501
      View Details
    • Contact for pricing
      32,482 SF

      Retail and Industrial Opportunity

      Family-owned retail and industrial property with high-traffic location.
      3729 Pacific Ave SE, Olympia, WA 98501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,680 SF

      Downtown Olympia Retail/Office Building

      Well-maintained 7,680 SF retail/office building in downtown Olympia.
      119 Washington St NE, Olympia, WA 98501
      View Details
    • Contact for pricing
      2,073 SF

      Downtown Olympia Retail Space Available

      Retail spaces available in downtown Olympia with high visibility.
      510 State Ave NE, Olympia, WA 98501
      View Details
    • Contact for pricing
      1,981 SF

      Retail Space Near Popular Restaurant

      Retail space with great views and high foot traffic.
      120 Water St NW, Olympia, WA 98501
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space with Freeway Visibility

      Retail space with storefront windows, office, and on-site parking.
      5102-5115 Capitol Blvd, Tumwater, WA 98501
      View Details
    • Contact for pricing
      6,000 SF

      Retail Building in Southgate Center

      Stand-alone retail building with high traffic location near I-5.
      5201 Capitol Blvd SE, Tumwater, WA 98501
      View Details
    • Contact for pricing
      5,073 SF

      Retail Space in Craft District

      New retail space available Spring 2026 in Tumwater's Craft District.
      4120 Capitol Blvd SE, Tumwater, WA 98501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3200 Pacific SE Ave
    Olympia, WA 98501-2045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3200 Pacific SE Ave, Olympia, WA, 98501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!