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Property profile & analytics
OFF-MARKET
Apartment buildings
1020 Neil NE St Olympia, WA 98516-5513
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0626918
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD FRAME
Total area
3,796 SF
Lot
0.65 ac (28,314 SF)
APN
1181-51-20300
UPID
US90-0626918
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
-
Auza Apartments Olympia Apartment Building
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
Geoffrey Y Auza · 6 yrs held
Geoffrey Y Auza
since 2019
7 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
$6,691
Tax year 2023
Assessed value
$658,900
Assessed 2022
Previous assessed
$543,200
+21.3% YoY
Effective rate
1.02%
On assessed value
Assessed land
$105,600
Assessed improvement
$553,300
Land market value
$105,600
Improvement market value
$553,300
Total market value
$658,900
Applied tax rate
239.0000
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
1966
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
1
Bathrooms
4
Total area
3,796 SF
Lot
0.65 ac (28,314 SF)
APN
1181-51-20300
UPID
US90-0626918
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
1966
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.65 ac
Current owner
From public records · entity-resolved
Geoffrey Y Auza
Individual
Mailing address
4428 111TH ST SW APT #3, LAKEWOOD, WA 98499-5194
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
—
Geoffrey Y Auza
Geoffrey Y Auza
Quit Claim Deed
related
—
Oct 13, 2016
$406,850
Thalia James-auza
Baker,dale R & Kathryn A
Warranty Deed
$415,597 · Prime Lndg
Oct 31, 2011
—
R Dale Baker
K & D Real Estate Investors 1 Ll
Quit Claim Deed
related
—
Jan 27, 2005
—
R & D R/e Invtrs No One LLC
Baker,r D & Kathryn A
Quit Claim Deed
related
—
Apr 9, 2004
—
Dale Baker
K & D Real Estate Investors #1
Quit Claim Deed
related
$141,000 · America's Wholesale Lender
Oct 1, 2001
—
K Investors
Baker,r D & Kathryn A
Quit Claim Deed
related
—
Feb 4, 1999
$178,000
Kathryn A Baker
Macay,andrew F & Timothy J
Grant Deed
$142,400 · Headlands Mortgage
Sep 25, 1991
$170,000
Peni J Macy
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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