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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Apartment buildings
1017 Capitol S Way Olympia, WA 98501-1224
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2951368
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1918
Construction
WOOD FRAME
Total area
9,447 SF
Lot
0.17 ac (7,405 SF)
APN
7850-66-00600
UPID
US90-2951368
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Orca Property Group LLC · 4 yrs held
Orca Property Group LLC
since 2022
Last sale
$1.7M
5 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
Method
Estimation
Statistic approach
$1,575,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,690,000
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.68M (Mar 31 2022)
Last sale anchor
$1.68M
Mar 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
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
$19,479
Tax year 2023
Assessed value
$1,955,200
Assessed 2022
Previous assessed
$1,045,100
+87.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$176,000
Assessed improvement
$1,779,200
Land market value
$176,000
Improvement market value
$1,779,200
Total market value
$1,955,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1918
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
7
Total area
9,447 SF
Lot
0.17 ac (7,405 SF)
APN
7850-66-00600
UPID
US90-2951368
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
1918
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
7
Lot
0.17 ac
Current owner
From public records · entity-resolved
Orca Property Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1722 HARRISON AVE NW, OLYMPIA, WA 98502-5200
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Orca Property Group LLC
Jonathan Peterson
Re-recorded Document
related
—
Mar 31, 2022
$1,675,000
Orca Property Group LLC
Jonathan Peterson
Warranty Deed
$1,340,000 · Olympia Fsla
Jun 17, 2008
$423,202
Jonathan Peterson
Serna Properties LLC
Warranty Deed
$700,000 · Banner Bank
Dec 2, 2005
—
Serna Properties LLC
Serna,timothy D & Pamela L
Quit Claim Deed
—
May 9, 2005
$575,000
Timothy D Serna
Koch,richard S & Traudi U
Warranty Deed
$490,000 · Richard S & Traudi U Koch
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.
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