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3456 Martin Way E 505 SF Retail Building Olympia, WA 98506 $1,350,000 ($2,673.27/SF) 5.13% Cap Rate



Investment Highlights
- Great Exposure
- Fenced
- Easy Access
Executive Summary
Presenting a high-visibility investment opportunity: the Interstate Batteries Building at 3456 Martin Way E in Olympia, Washington. This stabilized, income-producing asset boasts a 10/10 location in a strategic corridor, offering commercial investors secure cash flow and strong long-term value potential. Constructed in 1956, the 0.46-acre site features three single-story buildings totaling 7,572 square feet, zoned HDC-4. The combination of retail, office, and industrial warehouse spaces provides excellent flexibility and an established tenant mix. The property currently serves as home to CA Nail and Interstate Batteries, both long-term tenants, allowing investors to immediately step into an active, income-generating asset. Furthermore, the surrounding area boasts a consistently enlarging local consumer base and a resilient economic profile that favors the long-term support of local retail and industrial operations.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,800
|
$169.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,800
|
$169.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,585
|
$32.84
|
| Net Operating Income |
$69,215
|
$137.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $169.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $169.90 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,585 |
| Annual Per SF | $32.84 |
| Net Operating Income | |
|---|---|
| Annual | $69,215 |
| Annual Per SF | $137.06 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
505 SF
Building Class
C
Year Built
1956
Price
$1,350,000
Price Per SF
$2,673.27
Cap Rate
5.13%
NOI
$69,215
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.46 AC
Zoning
HDC-4
Parking
6 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
37’ on Martin Way E Way E
Amenities
- Bus Line
- Freeway Visibility
- Signage
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11818141700 | Improvements Assessment | $492,000 (2025) |
| Land Assessment | $707,900 (2025) | Total Assessment | $1,199,900 (2025) |
Property Taxes
Parcel Number
11818141700
Land Assessment
$707,900 (2025)
Improvements Assessment
$492,000 (2025)
Total Assessment
$1,199,900 (2025)
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3456 Martin Way E
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