907 Yelm AveYelm, WA 98597

Property Details for 907 Yelm Ave

Year built

2015

Construction

WOOD FRAME

Lot size

0.59 AC

Property size (Sq ft)

6,053 SF

Property type

Office buildings

APN

4517-00-00300

APU

45170000300

Description

This exceptional 6,053 square foot creative office building, situated at 907 W Yelm Ave in Yelm, WA 98597, presents a compelling investment opportunity. Built in 2015, the single-story Class B property boasts a prime location in Thurston County, conveniently situated near Tahoma Boulevard SE. The building currently features three suites, with 900 square feet of immediately available space, offering a minimum divisible unit size of 900 square feet. The property sits on a 0.59-acre lot (25,700 square feet) and is zoned C-1, providing flexibility for a variety of uses. The building's open floor plan is ideal for modern office configurations, and its location within the CBA Yelm/Roy submarket offers excellent access to local amenities and a strong workforce. The property's features include a total of 6,053 square feet of space, currently at 85.13% occupancy. The property's APN is 45170000300. While the building lacks sprinklers, its modern design and convenient location make it an attractive option for businesses seeking a functional and accessible workspace. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving community. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,637,957

  6.5%

  $1,511,960

  7%

  $1,403,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,623,196

  Geo Method

  $1,165,687

• Alternative Use

  Use

  Valuation

  Residential

  $1,874,830

  Hospitality

  $1,717,335

  Educational

  $1,428,802

  Medical

  $1,477,941

  Retail

  $2,222,581

Location Insight

City

Yelm

County

Thurston

State

Washington

Latitude

46.9479

Longitude

-122.618

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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