3905 Martin WayOlympia, WA 98506

Property Details for 3905 Martin Way

Year built

1988

Construction

WOOD FRAME

Lot size

0.66 AC

Property size (Sq ft)

9,600 SF

Property type

Office properties

APN

1181-72-40801

APU

11817240801

Description

This exceptional two-story, 9,600 square foot Class C office building, constructed in 1988, presents a fantastic opportunity in Thurston County. Situated on a 0.81-acre lot, the property offers convenient access to I-5, downtown Olympia, and Lacey, making it an ideal location for businesses seeking easy commutes and strong regional connectivity. The building features two suites, with available spaces ranging from 1,240 to 2,855 square feet, providing flexibility for various business needs. Amenities include ample parking at both the front and rear of the building, ensuring convenient access for employees and clients. Inside, the building boasts a range of features designed to enhance productivity and collaboration. These include nine mostly furnished private offices, two kitchen areas, dedicated conference space, a copy center, extra cubicles, and office storage located conveniently under the stairs. Suite A2 also offers the added benefit of a private mezzanine. The property also includes the use of the main backlit monument sign on Martin Way, providing excellent visibility and branding opportunities. This well-maintained building offers a blend of functionality and convenience, making it an attractive option for businesses seeking a comfortable and productive work environment. The multiple tenancy structure provides a diverse tenant base and potential for strong rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $2,597,784

  6.5%

  $2,397,954

  7%

  $2,226,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,574,374

  Geo Method

  $1,848,768

• Alternative Use

  Use

  Valuation

  Residential

  $2,973,463

  Hospitality

  $2,723,676

  Educational

  $2,266,067

  Medical

  $2,344,000

  Retail

  $3,524,992

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0472

Longitude

-122.839

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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