821 Airport CtOlympia, WA 98501

Property Details for 821 Airport Ct

Year built

1988

Construction

STEEL FRAME

Lot size

0.54 AC

Property size (Sq ft)

6,000 SF

Property type

Office buildings

APN

5719-00-00800

APU

57190000800

Description

This exceptional 6,000-square-foot single-tenant property, located at 821 Airport Ct SE in Olympia, WA 98501, presents a unique opportunity. Situated on a 1.095-acre lot (23,488 sq ft), this Class C building boasts a convenient location near Old Highway 99, offering easy access and high visibility. Built in 1988 and renovated in 1990, the single-story structure features a 9-foot ceiling height, ideal for a variety of uses. The property is zoned LI - Light Industrial, allowing for flexibility in its operational capacity. The building itself is a stand-alone structure, providing privacy and independence. Ample parking is a key feature, with 70 total spaces within a fully fenced and secured area. The interior layout includes several private offices, a functional kitchen, dedicated meeting rooms, and a spacious open work area, catering to diverse business needs. Multiple entrances enhance accessibility and workflow efficiency. This property is currently vacant and ready for immediate occupancy. The Thurston County location and convenient access points make this an attractive option for businesses seeking a well-equipped and strategically located space. The APN is 57190000800.

• CAP approach

  CAP return

  Valuation

  6%

  $1,623,615

  6.5%

  $1,498,721

  7%

  $1,391,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,608,984

  Geo Method

  $1,155,480

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,858,414

  Hospitality / Lodging

  $1,702,298

  Institutional / Educational

  $1,416,292

  Healthcare / Senior Housing

  $1,465,000

  Retail / Commercial

  $2,203,120

Location Insight

City

Tumwater

County

Thurston

State

Washington

Latitude

46.9751

Longitude

-122.893

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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