Technical
Financial
Distress signals
Property profile

3720 Pacific SE Ave Olympia, WA 98501

OFF-MARKET
Grocery and convenience stores
Property ID
US90-1625024
3,832 SF 0.38 ac lot Built 1971
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 3720 & 3726 Pacific Avenue SE in Olympia, WA, 98501. The property offers a total of 6,455 square feet of commercial space, currently entirely vacant and available for lease. Multiple units are available, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,355 square feet, providing flexibility for various business needs. This prime location in Olympia, Washington's capital city, benefits from its picturesque waterfront, vibrant arts scene, and rich history. Olympia's status as the state's administrative center, coupled with its higher education institutions like Evergreen State College, creates a dynamic and diverse community. The property's address places it within easy reach of the iconic Washington State Capitol Building and other key city amenities. This blend of natural beauty, cultural richness, and community spirit makes this location highly attractive for businesses seeking a thriving and accessible market. The property is ideally suited for a variety of retail uses, offering significant potential for growth and success in a desirable location. The entire 6,455 square feet is available for lease immediately.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,832 SF
Lot 0.38 ac (16,553 SF)
Zoning code GC
APN 6510-30-01000
UPID US90-1625024

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3720 Pacific SE Ave Olympia, WA 98501-2125
Olympia metro Census 11200 OLYMPIA, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$930k
CAP Approach CAP
$710k
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$930k

Owner & transaction history

since 2024
Last sale
$930,000
7 recorded transactions
2024
$930,000
2005
$1.5M
2001
Price N/A
2000
Price N/A
1995
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Olympia, WA
Zoning description

GC) zoning district. D. Annexation - Designation of Zoning Districts. Unless otherwise stated by the authorizing ordinance, all annexed areas within the urban growth area shall be zoned in conformance with the zoning map…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $970,000 +2.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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