2120 Caton WayOlympia, WA 98502

Property Details for 2120 Caton Way

Year built

1993

Construction

WOOD FRAME

Lot size

0.75 AC

Property size (Sq ft)

4,684 SF

Property type

Office properties

APN

6663-00-01700

APU

66630001700

Description

This exceptional commercial property boasts a premium location at 2120 Caton Way SW in Olympia, WA, offering unparalleled visibility and accessibility. Situated on a desirable 0.75-acre corner lot, this property benefits from its proximity to Highway 101/Cooper Point Road exit and Highway I-5, experiencing high daily traffic counts of approximately 24,000 vehicles. The building itself is a beautifully constructed 4,684 square foot dryvit structure, presenting a striking professional image. Inside, you'll find a stunning entryway leading to a thoughtfully designed interior featuring seven private offices, a spacious conference room, and two additional professional conference rooms. A well-equipped kitchen adds to the functionality of the space. The flexible layout allows for diverse occupancy configurations, accommodating multiple offices or tenants with ease. The building currently provides 14 parking stalls, with potential for expansion. Its strategic location near the Olympia Auto Mall and Capital Mall further enhances its appeal and accessibility. This is a truly remarkable opportunity to acquire a high-impact commercial property in a thriving location. The property's impressive features and prime location make it an ideal investment for businesses seeking a prominent and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $1,267,502

  6.5%

  $1,170,002

  7%

  $1,086,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,256,080

  Geo Method

  $902,045

• Alternative Use

  Use

  Valuation

  Residential

  $1,450,802

  Hospitality

  $1,328,927

  Educational

  $1,105,652

  Medical

  $1,143,677

  Retail

  $1,719,903

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0292

Longitude

-122.926

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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