This stand-alone building in Olympia contains approximately 18,000 square feet of interior space and is situated on nearly 2 acres of land. The site includes more than 130 parking stalls and the property is zoned HDC-4. The facility is configured to support uses such as a church, large retail, or a medical facility, and the property presents potential for redevelopment into housing or mixed-use development.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$30k

Tax billed · 2023

Assessed value · 2022$3.03M

Assessed land$505k

Assessed improvement$2.52M

Effective rate0.98%

Value estimate

· Nov 2026

$2.28M

$2.05M – $2.50M

Submarket $/SF estimate$1.49M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?

$247/SF

ZIP average, outlier-cleaned · 46 recorded sales of this use type

Observed band · Q1–Q3$142 – $426

Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

GC) zoning district. D. Annexation - Designation of Zoning Districts. Unless otherwise stated by the authorizing ordinance, all annexed a...

General categoryCOMMERCIAL

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 Service13.0

Auto Parts Store11.7

Furniture Store10.8

3738 Pacific SE Ave Olympia, WA 98501-2125

County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog

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 · 17 properties nearby

Address Sale price Sold Size

311 4th E, Olympia, WA 98501-1106 $1,200,000 Apr 2025 8,797 SF

2921 Pacific SE, Olympia, WA 98501-2040 $1,000,000 Mar 2025 8,336 SF

711 Legion SE, Olympia, WA 98501-1517 $2,000,000 Mar 2025 12,600 SF

223 5th SE, Olympia, WA 98501-1114 $1,976,100 Dec 2024 8,255 SF

421 Capitol S, Olympia, WA 98501-1028 $110,000 Oct 2024 28,331 SF

100 4th E, Olympia, WA 98501-1103 $900,000 Feb 2024 10,639 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

Value Estimation
$2,295,000

16,704 SF

406 Legion SE Way

RETAIL STORES (PERSONAL SERVICES)

406 Legion SE Way, Olympia, WA 98501-6978

View Details
Value Estimation
$1,370,000

13,652 SF

503 Cherry SE St

RETAIL STORES (PERSONAL SERVICES)

503 Cherry SE St, Olympia, WA 98501-1413

View Details
Value Estimation
$6,630,000

32,267 SF

417 4th W Ave

RETAIL STORES (PERSONAL SERVICES)

417 4th W Ave, Olympia, WA 98501-1074

View Details
Value Estimation
$400,000

8,579 SF

202 9th SE Ave

FINANCIAL BUILDING

202 9th SE Ave, Olympia, WA 98501-9315

View Details
Value Estimation
$530,000

7,150 SF

6301 Capitol SW Blvd

RETAIL STORES (PERSONAL SERVICES)

6301 Capitol SW Blvd, Tumwater, WA 98501-5204

View Details
Value Estimation
$965,000

6,000 SF

5211 Capitol SW Blvd

RETAIL STORES (PERSONAL SERVICES)

5211 Capitol SW Blvd, Tumwater, WA 98501-4418

View Details

Similar Nearby for Sale

Contact for pricing
12,120 SF

Downtown Waterfront Retail Property

Retail building in downtown Olympia with four current tenants and steps from the waterfront and Percival Landing.

301-303 Capitol Way N, Olympia, WA 98501

View Details
$995,000

8,672 SF

Storefront with New HVAC

Two-level retail building with month-to-month tenant leases and new HVAC.

501 S Capitol Way, Olympia, WA 98501

View Details
New

Contact for pricing
4,400 SF

Retail Space with On-Site Parking

A flexible commercial layout accommodates retail, showroom, office, service, or specialty uses.

201 W Lee St, Tumwater, WA 98501

View Details
$1,225,000

Mixed-Use Property with Warehouse Space

Retail areas, warehouse bays, delivery space, and upper-level storage are arranged across the property.

5701 Capitol Blvd Sw, Tumwater, WA 98501

View Details
Contact for pricing

High-Visibility Retail Redevelopment Opportunity

Infill retail asset with redevelopment potential in active commercial corridor.

5203 Capitol Boulevard South, Tumwater, WA 98501

View Details
New

Contact for pricing

Flex Warehouse with Retail Frontage

Flexible industrial warehouse with retail or office frontage and a secure private parking garage.

502 Custer Way W, Tumwater, WA 98501

View Details

Similar Nearby for Lease

Contact for pricing
7,711 sqft

Retail Space in Commercial Corridor

Commercial space supports retail, professional office, and service-oriented uses along an established Tumwater business corridor.

4200-4242 Capitol Blvd SE, Tumwater, WA 98501

View Details
New

Contact for pricing
7,680 sqft

Corner Lot Retail-Office Building

Well-maintained building with corner-lot visibility and flexible suite sizes up to the full building.

119 Washington St NE, Olympia, WA 98501

View Details
Contact for pricing
6,000 sqft

Retail Space in Southgate Center

Standalone retail building with high visibility and convenient access.

5201 Capitol Blvd SE, Tumwater, WA 98501

View Details
New

Contact for pricing
3,026 sqft

Retail Suite With Grade-Level Door

Open-format commercial space includes a backroom, customer parking, and a new monument sign.

6528 Capitol Blvd SE, Tumwater, WA 98501

View Details
New

Contact for pricing
1,600 sqft

Retail Storefront with Multiple Entrances

Versatile 1,600 SF storefront includes two separate entrances and two staircases to an upper level.

109 5th Avenue SW, Olympia, WA 98501

View Details

Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude

Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

One click on Google

You own 3738 Pacific SE Ave?

List it free. Reach 20,000 daily buyers.

We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.

3738 Pacific SE Ave Olympia, WA 98501

Property summary