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A4 1700 Cooper Point Rd SW 1,016 SF 100% Leased Office Building Olympia, WA 98502 $380,000 ($374.02/SF) 3% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy first floor access and plenty of parking close by. Close proximity to shopping and dining.
EXECUTIVE SUMMARY
Excellent opportunity to own a building in the desirable West Hill Condo Office Park! This adaptable professional space includes a welcoming reception area, four private offices, a kitchenette, restroom, and storage area. Recent improvements include updated flooring, fresh interior paint, recessed lighting, roof cleaning, and new blinds—completely move-in ready. Conveniently located near both Hwy 101 and I-5, with association dues covering recycling, garbage, insurance, storm drainage, and landscaping. The complex features a diverse mix of professional, medical, wellness, and legal services, along with a popular bakery café nearby. Prime location close to shopping, dining, and other amenities. Currently occupied with full-time tenants.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
1,016 SF
Building Class
B
Year Built
1984
Price
$380,000
Price Per SF
$374.02
Cap Rate
3%
NOI
$11,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,016 SF
Building FAR
0.16
Lot Size
0.15 AC
Zoning
HDC-4 - High Density Corridor 4
Parking
5 Spaces (4.92 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Reception
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 82740000500 | Total Assessment | $226,000 (2024) |
| Land Assessment | $55,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $170,800 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
82740000500
Land Assessment
$55,200 (2024)
Improvements Assessment
$170,800 (2024)
Total Assessment
$226,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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A4 | 1700 Cooper Point Rd SW
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