2018 Caton WayOlympia, WA 98502

Property Details for 2018 Caton Way

Year built

2007

Construction

WOOD FRAME

Lot size

0.27 AC

Property size (Sq ft)

2,592 SF

Property type

Office buildings

APN

6868-00-00400

APU

68680000400

Description

This 2,592 sq ft, single-story Class B office building in Olympia, WA, is available for $785,000. Built in 2007 on a 0.27-acre lot, it features eight private offices, a conference room, and a reception area. The flexible layout is ideal for various professional uses, including medical and executive offices. Located in the Percival Creek Business Park, it offers easy access to I-5 and Hwy 101. The property boasts a turnkey setup and is zoned AS. The building is 100% owner-occupied and available August 1, 2024. Surrounding businesses include dentists, counselors, financial planners, and law offices. The asking price is $302.85 per square foot. This is an owner/user investment opportunity with excellent potential. The property's APN is 68680000400. The building's net rentable square footage is 2,592 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $701,402

  6.5%

  $647,448

  7%

  $601,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $695,081

  Geo Method

  $499,167

• Alternative Use

  Use

  Valuation

  Residential

  $802,835

  Hospitality

  $735,393

  Educational

  $611,838

  Medical

  $632,880

  Retail

  $951,748

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0301

Longitude

-122.924

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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