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Bldg 2 1800 Cooper Point Rd SW 3,100 SF 100% Leased Office Building Olympia, WA 98502 $814,999 ($262.90/SF) 6% Cap Rate
Investment Highlights
- Located in a 23 - Building professional office park
- High-Traffic Cooper Point corridor
- HOA maintains common grounds, lighting, streets, sidewalks and common areas
- Surrounded by attorneys, healthcare providers, and service professionals
- Minutes away from I-5, shopping centers, restaurants, and state offices
- Ample shared parking
Executive Summary
Positioned in Olympia’s highly sought-after Cooper Point professional corridor, this meticulously maintained office building offers a rare turnkey investment opportunity. Fully occupied with stable, low-impact tenants, the property provides immediate income and long-term upside with minimal management requirements. Designed for functionality and flexibility, the building features two mirrored suites—each complete with reception areas, private offices, kitchenettes, and ADA-compliant restrooms—plus a total of 12 private offices. Thoughtful upgrades include sound-retention construction in select spaces, water access beneath the flooring for adaptable layouts, and digital punch-code door locks throughout for streamlined access control. Interior and exterior camera systems add an extra layer of security, while rain chains and drainage enhancements reflect the property’s careful upkeep. Located within a well-established 23-building professional office park, the property benefits from strong surrounding tenancy including legal, medical, and service-based professionals. Excellent visibility, ample shared parking, and convenient access to I-5, shopping, dining, and state offices further enhance its appeal. As an added value, ownership includes a 4.5% interest in Building #13—providing shared amenities and additional income potential. With a history of easy, hands-off management and long-term tenant stability, this asset is ideal for investors, owner-users, or 1031 exchange buyers.
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 or Owner User
Sale Conditions
Property Type
Office
Building Size
3,100 SF
Building Class
B
Year Built
1996
Price
$814,999
Price Per SF
$262.90
Cap Rate
6%
NOI
$48,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,100 SF
Building FAR
0.21
Lot Size
0.34 AC
Zoning
HDC-4
Parking
18 Spaces (5.81 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A1
- -
- -
-
$9.99
- -
- A2
- -
- -
-
$9.99
- -
- A3
- -
- -
-
$9.99
- -
- A4
- -
- -
-
$9.99
- -
- A5
- -
- -
-
$9.99
- -
- A6
- -
- -
-
$9.99
- -
- B1
- -
- -
-
$9.99
- -
- B2
- -
- -
-
$9.99
- -
- B3
- -
- -
-
$9.99
- -
- B4
- -
- -
-
$9.99
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A1 | - | - | $9.99 | - | ||
| A2 | - | - | $9.99 | - | ||
| A3 | - | - | $9.99 | - | ||
| A4 | - | - | $9.99 | - | ||
| A5 | - | - | $9.99 | - | ||
| A6 | - | - | $9.99 | - | ||
| B1 | - | - | $9.99 | - | ||
| B2 | - | - | $9.99 | - | ||
| B3 | - | - | $9.99 | - | ||
| B4 | - | - | $9.99 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82870000200 | Total Assessment | $570,000 |
| Land Assessment | $168,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $401,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
82870000200
Land Assessment
$168,200
Improvements Assessment
$401,800
Total Assessment
$570,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Tanya Headrick LLC
Bldg 2 | 1800 Cooper Point Rd SW
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