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Property profile & analytics
OFF-MARKET
Land

8602 Pacific Ave Olympia, WA 98513

Property ID
US90-1768337
Property summary
AI-generated overview

This exceptional 4.2-acre property located at 8602 Pacific Ave SE, Olympia, WA 98513, presents a unique investment opportunity in a thriving area. Priced at $1,000,000, the land offers endless development potential for discerning investors and developers. The property currently includes a three-bedroom, two-bathroom home, providing immediate rental income potential or temporary housing during the planning and development phases. This existing structure adds significant value and flexibility to the overall investment. The expansive acreage is ideally suited for a variety of projects, including multi-family residential developments such as condos, apartments, or duplexes. Alternatively, the property could accommodate a mixed-use development, capitalizing on the increasing demand for commercial ventures in this rapidly growing location. The property's zoning and potential uses should be independently verified. This is a rare chance to acquire a large parcel of land in a prime location, poised for significant appreciation and return on investment. The property is situated in Thurston County and offers convenient access to Olympia's amenities and infrastructure. This is a truly remarkable opportunity to shape the future of this desirable area.

Property profile
Verified
Property type Land
UPID US90-1768337
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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