1226 State AveOlympia, WA 98506

Property Details for 1226 State Ave

Year built

1990

Construction

WOOD FRAME

Lot size

0.12 AC

Property size (Sq ft)

2,267 SF

Property type

Office properties

Property subtype

Office buildings

APN

6820-04-00100

APU

68200400100

Description

This exceptional two-story, 2,267 square foot office building is situated at 1226 State Ave NE, Olympia, WA 98506, on a prominent thoroughfare. Built in 1990, this Class C property sits on 0.12 acres and features a traditional design with multiple tenant spaces. The building boasts a pleasant entryway and a shared kitchenette for tenant convenience. Ample parking is available both on-site and on the street at no additional cost. The property is zoned HDC-1 within Thurston County (APN: 68200400100). Access to the second floor is via stairs

• CAP approach

  CAP return

  Valuation

  6%

  $613,456

  6.5%

  $566,267

  7%

  $525,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $607,928

  Geo Method

  $436,579

• Alternative Use

  Use

  Valuation

  Residential

  $702,171

  Hospitality

  $643,185

  Educational

  $535,122

  Medical

  $553,526

  Retail

  $832,412

Location Insight

City

Olympia

County

Thurston

State

Washington

Latitude

47.0471

Longitude

-122.886

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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