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Property profile & analytics
OFF-MARKET Estimated value $1,545,000
Office buildings

3773 Martin E Way Olympia, WA 98506-5048

10,700 SF 1.24 ac lot Built 1985
Entity Owned 15-yr Hold Free & Clear
Property ID
US90-1164604
Property summary
AI-generated overview

This single-story, 10,625 square foot Class B medical office building, situated on a 0.94-acre lot in Thurston County, presents a compelling investment opportunity. Built in 1989, the property features a multi-tenant configuration with currently available space totaling 2,680 square feet. One immediately available suite offers 1,540 square feet, ideal for a variety of medical practices. The building's location on Martin Way in Olympia provides excellent visibility and convenient access to Interstate 5, ensuring high traffic flow and easy patient access. The property is zoned HDC-4 and its proximity to a hospital and other medical services makes it particularly attractive for healthcare professionals. Existing tenant build-outs include office and chiropractic spaces, showcasing the building's adaptability to diverse medical needs. The property's APN is 11817231900. This is a rare opportunity to acquire a well-located medical office building with immediate availability in a thriving medical corridor. The building's single-story design and ample parking further enhance its appeal.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1985
Construction WOOD FRAME
Total area 10,700 SF
Lot 1.24 ac (54,014 SF)
APN 1181-72-31900
UPID US90-1164604
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
  • Northwest Resources Medical Clinic
  • Carrie N. Gast, LMP Alternative Medicine Practice Spa & Massage Center
  • Himanshu Banda Ophthalmologist
  • Dr. Jennifer Booker Alternative Medicine Practice
  • Michaela Kornfeld Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.55M
Owner & transaction history
Columbia Commons LLC · 15 yrs held
Columbia Commons LLC
since 2011
2 recorded transactions
2011
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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