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    Property profile & analytics

    724 Columbia St Olympia, WA 98501

    • Commercial land
    • 0.56 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-0632751
    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

    • The Rants Group / Commercial Real Estate Agency / Property Management Company
    • Federal Motor Carrier Safety Administration Washington Division / Government Office
    • Pacific Education Institute / Non-Profit Organization
    • Washington Forest Protection / Non-Profit Organization / Forestry Service
    • Olympia Capitol Group - Morgan Stanley / Financial Consultant / Investment Service

    Property Details for 724 Columbia St

    Lot size
    0.56 lot acres
    Property type
    Commercial land
    APN
    6102-00-00100
    APU
    61020000100

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.904
    Latitude
    47.0509
    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
    $10
    $1,009,500
    $0.00
    $1,009,500
    -
    $1,009,500
    $0.00
    $1,009,500

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    724 Columbia St
    Olympia, WA 98501
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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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