724 Columbia St NW Olympia, WA 98501
For Lease
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This premier, four-story Class A office building, totaling 48,000 square feet, offers executive and traditional office spaces in Olympia's vibrant Market District. Built in 1998, the property boasts a coveted urban waterfront location, placing it adjacent to Anthony's Homeport, the Olympia Farmer's Market, and the Port of Olympia. The building features two elevators and ample parking, including open spaces, visitor parking, and convenient access to additional free parking in the Market District and the capitol campus' free Dash transit line. Utilities and janitorial services are included in the base rent, minimizing operational costs for tenants. A large, shared conference room on the second floor is available for use by appointment, providing a valuable amenity for businesses. Professional on-site building management ensures smooth operations and tenant satisfaction. The property is zoned for Urban Waterfront use and has APN 99700413700 in Thurston County, WA. Please note a non-compete clause exists, prohibiting securities broker/dealer or investment banking firms from occupying the space. This exceptional location and comprehensive amenities make this an unparalleled opportunity for businesses seeking a prestigious and convenient office space in downtown Olympia.
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The Rants Group Real Estate Agency
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Federal Motor Carrier Safety Administration Washington Division Government Office
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Pacific Education Institute Charitable Organization Social Service Agency
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Washington Forest Protection Charitable Organization Social Service Agency
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Olympia Capitol Group - Morgan Stanley Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.