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    Property profile & analytics
    OFF-MARKET Estimated value $8,340,000
    Retail space

    3315 Pacific SE Ave, Olympia, WA 98501-2171

    41,414 SF 1.15 ac lot Built 1988
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US90-1094151
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 3315 Pacific Ave SE, Olympia, WA 98501, at the intersection of Fones Rd and Pacific Ave, with convenient access from I-5 exit 107. The property, part of Olympia Square South, offers two available spaces: one 1,537 square feet and another 2,017 square feet. Previously occupied by a vacuum shop, these versatile spaces are suitable for various retail, office, or other commercial uses. The 64,393 square foot, single-story Class A building, constructed and renovated in 1988, boasts 13 suites in total and sits on a 5.31-acre lot with 200 parking spaces. The property benefits from a strong tenant mix including Shari's, Ross, and Smile 4 Kids Dental, ensuring high foot traffic and visibility. Nearby amenities such as Albertsons and Dairy Queen further enhance customer convenience. The property's zoning is Commercial, and its APN is 66450000100. Property taxes are $2.40 per square foot. This high-traffic location provides significant exposure for your business. The minimum divisible space is 1,537 square feet, with a maximum contiguous space of 1,537 square feet. Don't miss this chance to establish your business in one of Olympia's most vibrant retail destinations.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 41,414 SF
    Lot 1.15 ac (50,094 SF)
    Zoning code GC
    APN 6645-00-00100
    UPID US90-1094151
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 4th Dimension Computers & Technology Tech Support Center IT Consulting Firm
    • Secure Data Recovery Services Computer & Electronic Repair (Bike/Boat/Book/etc) Store
    • Modern Nails Nail Salon
    • The Little Gym of Olympia Gym & Fitness Center
    • Ghousia Ashraf Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $8.29M
    CAP Approach CAP
    $7.69M
    Comparable Approach Comparable
    $10.41M
    Blend (final) Blend
    $8.34M
    Owner & transaction history
    Olympia Square South LLC · 4 yrs held
    Olympia Square South LLC
    since 2022
    Last sale
    $8.8M
    7 recorded transactions
    2023
    2022
    $8.8M
    2022
    2021
    2020
    2019
    2016
    $18.5M
    Zoning & alternative use
    GC · Olympia, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $10.5M +2.3%
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