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    Property profile & analytics

    4131 Martin Way E Olympia, WA 98516

    • Commercial real estate
    • 5,118 SF
    • 0.87 lot acres
    For Sale
    View listing
    $4,250,000
    Value Estimation
    Last Sale
    Dec 19, 2022
    $3,300,000
    Location Intelligence
    Property ID
    US90-2933274
    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.

    Current Use by Public Records

    • Starbucks / Espresso Bar / Coffee Shop
    • Jersey Mike's Subs / Sandwich Shop / Caterer
    • Buffalo Wild Wings 'GO' / Chicken Wings Restaurant

    Property Details for 4131 Martin Way E

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    0.87 lot acres
    Property size
    5,118 SF
    Property type
    Commercial real estate
    APN
    1181-71-31301
    APU
    11817131301

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,330,000
      6.5%
      $3,255,000
      7%
      $3,290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,145,000
      Geo Method
      $2,940,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,635,000
      Retail
      $3,650,000
      Mixed-Use
      $4,110,000
      Hospitality
      $4,245,000
      Educational
      $3,465,000
      Residential Income
      $3,255,000
      Energy
      $3,200,000
      Income-Based Land
      $3,495,000
      Food Service
      $4,015,000

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.832
    Latitude
    47.0476
    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
    2023
    $22,024
    $850,600
    $1,388,300
    $2,238,900
    -
    $850,600
    $1,388,300
    $2,238,900

    Comparable in this City

    • Value Estimation by Request
      7,413 SF

      2539 Marvin NE Rd

      COMMERCIAL (GENERAL) • 7,413 SF
      2539 Marvin NE Rd, Lacey, WA 98516-3177
      View Details
    • Value Estimation
      $655,000
      1,945 SF

      6725 Martin E Way

      COMMERCIAL (GENERAL) • 1,945 SF
      6725 Martin E Way, Olympia, WA 98516-5541
      View Details
    • Value Estimation by Request
      1,002 SF

      4402 Martin Way

      Retail properties • 1,002 SF
      4402 Martin Way, Olympia, WA 98516
      View Details
    • Value Estimation by Request
      149,006 SF

      1470 Marvin NE Rd

      COMMERCIAL (GENERAL) • 149,006 SF
      1470 Marvin NE Rd, Lacey, WA 98516-3870
      View Details
    • Value Estimation by Request
      57,265 SF

      5420 Martin E Way

      COMMERCIAL (GENERAL) • 57,265 SF
      5420 Martin E Way, Lacey, WA 98516-6315
      View Details
    • Value Estimation by Request
      213,880 SF

      1401 Galaxy NE Dr

      COMMERCIAL (GENERAL) • 213,880 SF
      1401 Galaxy NE Dr, Lacey, WA 98516-4746
      View Details

    Similar Nearby for Sale

    • $107,000
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      Alonda Villa 55+ Community Home

      Two-bedroom home in a 55+ community with recent upgrades.
      2207 Alonda Ln NE, Olympia, WA 98516
      View Details
    • $2,025,000

      Land For Sale

      Land available for sale at 8501 Martin Way E, Lacey, WA.
      8501 Martin Way E, Lacey, WA 98516
      View Details
    • $7,000,000
      57,265 SF

      Retail Space in Martin Village

      57,265 SF retail space available for lease or sale.
      5420 Martin Way E, Lacey, WA 98516
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    • $825,000

      Land For Sale Lacey, WA

      Land available for purchase in Lacey, Washington.
      3201 College St SE, Lacey, WA 98516
      View Details
    • $3,300,000
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      Lacey Retail Center For Sale

      Fully leased retail center in Lacey, WA for sale.
      1107 College St SE, Lacey, WA 98516
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    • $900,000
      41,398 SF

      Land Zoned Mixed-Use High-Density

      Land offers development opportunity at Martin Way and Hoh Street.
      8725 Tallon Ln NE, Lacey, WA 98516
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    Similar Nearby for Lease

    • Contact for pricing
      93,492 SF

      Lacey Warehouse Space For Lease

      93,492 SF warehouse space available near I-5 in Lacey, WA.
      2621 Hogum Bay Rd NE, Lacey, WA 98516
      View Details
    • $26 SF/Yr
      2,320 SF

      Lacey Office Space For Rent

      Contemporary office space in medical strip center, easy freeway access.
      8685 Martin Way SE, Lacey, WA 98516
      View Details
    • $0.90 SF/Yr
      7,200 SF

      Warehouse Space with Office

      Warehouse space featuring a private office and kitchenette.
      8925 Orion Dr NE, Lacey, WA 98516
      View Details
    • $1.10 SF/Yr
      3,000 SF

      Lacey Warehouse Sublease Opportunity

      Warehouse space available for sublease in Lacey's industrial submarket.
      2629 Reinhardt Ln Northeast, Lacey, WA 98516
      View Details
    • $26 SF/Yr
      5,250 SF

      Retail Space Near High-Traffic Area

      Retail space available on Martin Way with high traffic counts.
      7326 Martin Way E, Olympia, WA 98516
      View Details
    • Contact for pricing
      72,540 SF

      Lacey Warehouse and Manufacturing Space

      Warehouse and manufacturing space available for rent in Lacey, WA.
      8605 Commerce Place Dr NE, Lacey, WA 98516
      View Details
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    4131 Martin Way E
    Olympia, WA 98516
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    Realmo Value Estimation

    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.

    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.

    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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