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    400 Cooper Point Rd SW Olympia, WA 98502

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    400 Cooper Point Rd SW Olympia, WA 98502

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    • Community centers
    • 23,000 SF
    For Lease
    $2,365,000
    View Listing →
    New Retail Space with Drive-Thru For Lease
    $2,365,000
    3,000 SF

    New Retail Space with Drive-Thru

    New construction retail space with drive-thru opportunity on Harrison.

    400 Cooper Point Rd SW, Olympia, WA
    View Listing
    Property ID
    US90-0827396
    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

    • Olympia Goodwill / Charitable Organization / Social Service Agency
    • Hertz Car Rental - Olympia Hle / Car Rental Facility
    • BJJ OLYMPIA - Brazilian Jiu-jitsu | Kickboxing | MMA | Self Defense | Private Lessons | Kids Classes / Training Center / Sports School
    • Emperor's Palace Restaurant / Restaurant
    • United States Postal Service / Shipping And Mailing Service / Post Office

    Property Details for 400 Cooper Point Rd SW

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    23,000 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    1281-63-10102
    APU
    12816310102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,285,000
      COMMERCIAL (GENERAL)
      $2,820,000
      OFFICE BUILDING
      $2,790,000
      RETAIL STORES
      $2,635,000
      APARTMENT HOUSE (5+ UNITS)
      $2,620,000
      INDUSTRIAL (GENERAL)
      $2,495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.94
    Latitude
    47.0452
    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
    2024
    $28,677
    $0.00
    $2,746,700
    $2,746,700
    -
    $0.00
    $2,746,700
    $2,746,700

    Comparable in this City

    • Value Estimation
      $515,000
      3,842 SF

      1204 Cooper Pt SW Rd

      MINI-MALL • 3,842 SF
      1204 Cooper Pt SW Rd, Olympia, WA 98502-5728
      View Details
    • Value Estimation
      $2,390,000
      22,826 SF

      1104 Cooper Pt SW Rd

      MINI-MALL • 22,826 SF
      1104 Cooper Pt SW Rd, Olympia, WA 98502-1055
      View Details
    • Value Estimation
      $3,960,000
      41,750 SF

      1108 Cooper Pt SW Rd

      MINI-MALL • 41,750 SF
      1108 Cooper Pt SW Rd, Olympia, WA 98502-1057
      View Details
    • Value Estimation
      $3,400,000
      22,902 SF

      1200 Cooper Pt SW Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 22,902 SF
      1200 Cooper Pt SW Rd, Olympia, WA 98502-1160
      View Details
    • Value Estimation
      $2,710,000
      19,540 SF

      1302 Cooper Pt SW Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 19,540 SF
      1302 Cooper Pt SW Rd, Olympia, WA 98502-1259
      View Details
    • Value Estimation by Request
      2,163 SF

      205 Kenyon NW St

      GROCERY, SUPERMARKET • 2,163 SF
      205 Kenyon NW St, Olympia, WA 98502-4552
      View Details

    Similar Nearby for Sale

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      15,576 SF

      Renovated Pet Hospital For Sale

      Recently renovated pet hospital with long-term tenant near major highways.
      1400 Evergreen Park Dr SW, Olympia, WA 98502
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      29,866 SF

      Retail Space Near Highway 101

      Retail space with highway visibility and tenant improvement packages.
      2404-2404 Chandler Ct SW, Olympia, WA 98502
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      Olympia Retail Buildings For Sale

      Four retail buildings in Puget Sound, ideal for various tenancies.
      205 Kenyon St NW, Olympia, WA 98502
      View Details
    • $699,999
      1,620 SF

      Turnkey Restaurant Opportunity in Olympia

      Stand-alone restaurant ready for new operators on Olympia's Westside.
      2005 Ascension Ave NW, Olympia, WA 98502
      View Details
    • $300,000
      1,006 SF

      Olympia Westside Office Opportunity

      Versatile Olympia property near amenities and Highway 101.
      1700 Cooper Point Rd SW, Olympia, WA 98502
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,257 SF

      Retail Space in Strip Mall

      Corner retail space available for lease in Olympia, Washington.
      2101-2103 Harrison Ave NW, Olympia, WA 98502
      View Details
    • $2,718 /Mo
      1,165 SF

      Retail Space in West Olympia

      Retail shopping center anchored by Grocery Outlet and Dollar Tree.
      2100 Harrison Ave NW, Olympia, WA 98502
      View Details
    • Contact for pricing
      4,914 SF

      Retail Space in West Olympia

      Retail shopping center anchored by Grocery Outlet and Dollar Tree.
      2100 Harrison Ave NW, Olympia, WA 98502
      View Details
    • $7,371 /Mo
      4,914 SF

      Retail Space in West Olympia

      Retail space available in well-located West Olympia shopping center.
      2100 Harrison Ave NW, Olympia, WA 98502
      View Details
    • $2,669 /Mo
      1,144 SF

      Retail Space in West Olympia

      Retail shopping center anchored by Grocery Outlet and Dollar Tree.
      2100 Harrison Ave NW, Olympia, WA 98502
      View Details
    • $30,000
      18,000 SF

      Olympia Retail Space For Rent

      Retail space with visibility and generous tenant improvement packages.
      2404 Chandler Ct SW, Olympia, WA 98502
      View Details
    View Listing
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    400 Cooper Point Rd SW
    Olympia, WA 98502
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    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
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