Financial
Distress signals
Property profile

4014 Martin Way E Olympia, WA 98506

FOR SALE
Other commercial real estate
Property ID
US90-1574436
27,245 SF 1.98 ac lot Built 1995
Last sale Mar 2006 · $5,387,225
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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4014 Martin Way E, Olympia, WA 98506 For Sale
Contact for pricing 27,245 SF
4014 Martin Way E, Olympia, WA 98506
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Property summary

AI-generated overview

The property is located on Martin Way on the Lacey/Olympia city line and is a commercial building formerly used for furniture sales and most recently as a Goodwill Outlet. The building has a total area of 28,020 square feet and features two dock-high loading doors. It has been maintained and is positioned along a roadway with heavy traffic volume, providing frontage with visibility and potential for signage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$52k
Tax billed · 2023
Assessed value · 2022$5.28M
Assessed land$826k
Assessed improvement$4.45M
Effective rate0.98%

Value estimate

· Sep 2026
$3.24M
$2.92M – $3.56M
CAP approach$3.44M
Submarket $/SF estimate$2.11M
NOI build-up
Gross scheduled income$489k
Vacancy & credit loss−$21k
Operating expenses−$140k
NOI · 5.28% cap applied$328k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$253/SF
Submarket average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$125 – $425

Cap rate analysis

How does the asset earn?
5.28%
$328k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.2
Tailor Shop9.4
HVAC Service9.0

Location

4014 Martin Way E Olympia, WA 98506
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 3 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
3203 Martin E, Olympia, WA 98506-4951 $457,770 Dec 2023 1,600 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
3 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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