814 4th Avenue East, Olympia, WA

Property Type Office - General Office
Property Size 25,085 SF
Lot Size 1.33 Acre
Parking Spaces Avail. 45
Parking Ratio 1.80/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1987

Location

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Street

City Olympia, WA
Neighborhood Downtown Olympia
Zip Code 98506
Market Seattle

Contacts

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Owner

True 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
Loan Maturity 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

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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 (SF)

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Tax

Property Tax in 2022 $35,933
Market Value* $3,013,000
Assessed Value $3,013,000

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 814 4th Avenue East?

814 4th Avenue East totals 25,085 square feet.

When was this property built?

814 4th Avenue East was built in 1987.

What is the property tax for 814 4th Avenue East?

The property tax for 814 4th Avenue East in 2022 was $35,933.

What is the market value for 814 4th Avenue East?

The market value* for 814 4th Avenue East in 2022 was $3,013,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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814 4th Avenue East, Olympia, WA 98506 - Office Space

814 4th Avenue East is located at 814 4th Avenue East in the Downtown Olympia neighborhood, WA, Olympia, 98506. The Class B Office building was completed in 1987 and features a total of 25,085 SF.

There are 28 office spaces for lease in the Downtown Olympia neighborhood, totaling 121,606 SF of available office space. The office space availability for the 98506 zip code is 13,457 SF, in 10 office spaces. The average asking office rent per SF in Downtown Olympia is $20.81/SF/YR. For Class B office buildings the average office rate is $20.5/SF/YR, for Class C office buildings the average office rate is $17.66/SF/YR.

In Downtown Olympia, there are 20 class B office buildings. In Downtown Olympia, there are a total of 1 LEED certified office buildings. In 1987, the same year 814 4th Avenue East was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Olympia, featuring 174,182 square feet of commercial space. At zip code level, there are 4 commercial properties, of which 3 are office buildings over 50,000 square feet.

814 4th Avenue East