3721 Griffin LnOlympia, WA 98506

Property Details for 3721 Griffin Ln

Year built

2002

Construction

WOOD FRAME

Lot size

0.12 AC

Property size (Sq ft)

3,096 SF

Property type

Office buildings

APN

7563-00-00300

APU

75630000300

Description

South Sound Business Park, Building 3, presents a fantastic opportunity for businesses seeking flexible office space in Olympia, WA. This Class B building, constructed in 2002, offers a total of 3,176 square feet across two stories, situated on a 0.12-acre lot. The property is zoned for General Commercial use and features a convenient location at 3721 Griffin Ln SE, Olympia, WA 98506, with easy access to Lilly Road SE and Interstate 5. The building currently has 2,250 square feet of vacant space available, divisible into units as small as 750 square feet, with a maximum contiguous space of 1,500 square feet. Three individual suites are available within the building. The property offers ample on-site parking, a significant advantage for employees and clients. This location provides easy access to various services and amenities, making it an ideal choice for businesses of all sizes. The property's Assessed Parcel Number (APN) is 75630000300. First and second-floor options are available, allowing for customization to suit individual business needs. This is a rare opportunity to secure high-quality office space in a desirable Olympia location.

• CAP approach

  CAP return

  Valuation

  6%

  $949,490

  6.5%

  $876,452

  7%

  $813,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $830,236

  Geo Method

  $596,228

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,669,910

  Retail / Commercial

  $867,210

  Mixed-Use / Specialty

  $872,699

  Hospitality / Lodging

  $651,443

  Institutional / Educational

  $910,322

  Residential Income

  $1,065,080

  Multifamily

  $1,229,830

  Automotive / Energy

  $780,276

  Parking / Income-Based Land

  $260,786

  Restaurant / Food Service

  $472,211

  Healthcare / Senior Housing

  $886,138

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.046

Longitude

-122.843

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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