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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
Freestanding
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

Crunch Fitness
Starbucks
Gravity Coffee
Albertsons
IHOP
KeyBank
Taco Time
Black Bear Diner
Little Gym
Jenny Craig

Property Taxes

Property Taxes

Parcel Number
11818141700
Land Assessment
$707,900 (2025)
Improvements Assessment
$492,000 (2025)
Total Assessment
$1,199,900 (2025)
  • Listing ID: 39979495

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 3456 Martin Way E, Olympia, WA 98506

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