Med-Arts Building
Fully occupied office building
Listing Contacts
License: WA WA 26216
Active
Asking Price: $990,000
Address
1015 4th Ave W, Olympia, WA 98502
Show on MapDate Added
Mar 12, 2025
Days on Market
43 days
Time Since Last Update
15 days
Details
Property TypeMixed Use, Office, Retail
SubtypeCreative Office, Traditional Office
Investment TypeValue Add
ClassC
Lease TypeGross
TenancyMulti
Number of Tenants7
Square Footage6,505
Net Rentable (sq ft)6,505
Cap Rate7.97%
Occupancy100%
NOI$78,914
Units7
Year Built1965
ZoningPO/RM
Lot Size (acres)0.34
APN68601100100, 68601100200
Marketing Description
This mid-century modern building features a diverse mix of tenants, including medical, dental, office, and hair salon businesses. The property is currently fully occupied; however, future availability could allow for owner/user occupancy. The site is attractively landscaped and offers 27 surface parking stalls. Located in a desirable neighborhood, the setting is well-suited for personal service businesses.
Two parcels - 68601100100, 68601100200
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,914.00
$6,576.17/mo
Valuation Metrics
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0
DSCR
7.97%
Cap Rate
7.97%
ROI
Due Diligence
Listing Contacts
- License: WA WA 26216
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Additional Information
Additional Information
Broker Name
Carolyn Graden
Broker License
WA WA 26216
Broker Title
Real Estate Managing Broker
Brokerage Address
724 Columbia Street Northwest, Olympia, United States 98501
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