• Capitol Way Office Building
  • Capitol Way Office Building
  • Capitol Way Office Building
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Capitol Way Office Building

Off-Market

521 Capitol Way South, Olympia, WA 98501

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 32,343 Sqft
  • Lot Size 0.58 Acre
  • Parking Spaces Avail. 48
  • Parking Ratio 1.50/ 1,000 SF
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1988

Location

  • City Olympia, WA
  • Neighborhood Downtown Olympia
  • Zip Code 98501
  • Market Seattle

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Olympia

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Olympia Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.99
  • 2020 Office Vacancy Rate 3.29%
  • 2020 Office Completions (Sqft)
View more Olympia market trends

Tax

  • Property Tax in 2021 $100,714
  • Market Value $7,815,600
  • Assessed Value $7,815,600

Find more tax info, including assessment history and abatements, on CommercialEdge

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