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    511 7Th Ave Olympia, WA 98501

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 511 7Th Ave

    Property type
    Land

    Description

    This exceptional 0.17-acre lot, located at 511 7th Ave SE in Olympia, Washington, presents a unique investment opportunity. Currently zoned DB, this property offers significant potential for future development. The site previously housed a residential structure, the foundation of which remains intact. The address is verified as 511 7th Ave SE, Olympia, WA 98501, Thurston County. The property's APN is 78605700200|1. The asking price for this versatile land parcel is $175,000. Given its commercial and residential zoning (DB), this location is ideal for a variety of projects, allowing for creative and flexible development plans. The existing foundation could potentially reduce initial construction costs, offering a significant advantage to prospective developers. This property's central Olympia location provides easy access to local amenities, transportation routes, and a thriving community. Serious inquiries are encouraged to explore the possibilities this unique property offers. The latitude and longitude coordinates are 47.0425987, -122.8958129 respectively.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.896
    Latitude
    47.0426

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    511 7Th Ave
    Olympia, WA 98501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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