Financial
Distress signals
Property profile

505 Un SE Ave Olympia, WA 98501

OFF-MARKET
Office buildings
Property ID
US90-1422696
46,372 SF 0.48 ac lot Built 1985
Last sale Dec 2023 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$42k
Tax billed · 2023
Assessed value · 2022$4.20M
Assessed land$365k
Assessed improvement$3.83M
Effective rate1.00%

Value estimate

· Sep 2026
$1.90M
$1.71M – $2.08M
AI approach$2.17M
Submarket $/SF estimate$2.11M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$239/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$148 – $391

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy12.5
Carpet & Flooring Store9.1
Locksmith9.1

Location

505 Un SE Ave Olympia, WA 98501-1473
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
805 Plum SE, Olympia, WA 98501-1528 $34,107,360 Jul 2025 45,825 SF
905 Plum SE, Olympia, WA 98501-1514 $34,107,360 Jul 2025 45,484 SF
621 8th SE, Olympia, WA 98501-1456 $34,107,360 Jul 2025 86,993 SF
620 Franklin SE, Olympia, WA 98501-1314 $1,350,000 Mar 2025 9,815 SF
1111 Israel SW, Tumwater, WA 98501-6512 $14,250,000 Oct 2024 56,318 SF
3003 Sunset SE, Tumwater, WA 98501-3400 $4,200,000 Jun 2022 12,642 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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