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Property profile & analytics
OFF-MARKET Estimated value $300,000
Automotive properties

518 5th SE Ave Olympia, WA 98501-6902

140 SF 0.19 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
Property ID
US90-1187166
Property summary
AI-generated overview

This exceptional 0.19-acre commercial land parcel presents a unique investment opportunity in Olympia's vibrant downtown business district. Located at 518 5th Ave SE, this property boasts a highly desirable corner lot configuration, offering excellent visibility and accessibility. Its strategic location places it directly across the street from Olympia City Hall, ensuring high foot traffic and prominent exposure. The property is zoned Downtown Business, providing flexibility for a variety of commercial uses. The sale includes an adjacent alley parcel, adding further value and potential development options. With an asking price of $680,000 and Thurston County APN 78505400500, this is a rare chance to acquire a prime piece of real estate in a thriving urban core. The property's central location offers easy access to numerous amenities, businesses, and transportation routes, making it an ideal site for a variety of commercial ventures. Don't miss this opportunity to secure a piece of Olympia's dynamic downtown landscape.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 140 SF
Lot 0.19 ac (8,276 SF)
APN 7850-54-00500
UPID US90-1187166
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
  • Olympia Auto Source Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k
Owner & transaction history
City Of Olympia · 1 yrs held
City Of Olympia
since 2025
3 recorded transactions
2025
$680,000
2010
Price N/A
2000
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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