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Property profile & analytics
FOR SALE
Office buildings
1015 4Th Ave Olympia, WA 98502
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-0856664
No photos on file
For Sale
$895,000
1015 4Th Ave, Olympia, WA 98502
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1962
Construction
WOOD FRAME
Total area
3,008 SF
Lot
0.17 ac (7,405 SF)
APN
6860-11-00200
UPID
US90-0856664
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Northern Highlights Hair Salon Nail Salon
-
Insight Geologic, Inc. Engineering Consultant Geotechnical Engineer
-
Patrick L. Ward, DDS Dental Office
-
Center For Traditional Med Alternative Medicine Practice
-
Panda Foot Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Seattle Apartment Management LLC
Seattle Apartment Management LLC
since 2026
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Olympia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olympia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,386
Tax year 2023
Assessed value
$439,500
Assessed 2022
Previous assessed
$344,100
+27.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$64,500
Assessed improvement
$375,000
Land market value
$64,500
Improvement market value
$375,000
Total market value
$439,500
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1962
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
3,008 SF
Lot
0.17 ac (7,405 SF)
APN
6860-11-00200
UPID
US90-0856664
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Seattle Apartment Management LLC
Entity
Free & Clear · 0 yrs held
Mailing address
88 102ND AVE NE APT #803, BELLEVUE, WA 98004-5331
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
$815,000
Seattle Apartment Management LLC
L & C Rental Properites LLC
Warranty Deed
—
Nov 22, 2019
$815,000
L & C Rental Properties LLC
Carolyn K Mcintyre
Grant Deed
$615,000 · First Sec Bk/wa
Dec 3, 1991
$332,500
Donald H Brooks SR
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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