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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Retail space
109 Capitol N Way, Olympia, WA 98501-1018
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1259566
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,445 SF
Lot
0.14 ac (6,098 SF)
APN
7850-04-00600
UPID
US90-1259566
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
-
Tree Service Olympia WA - Tree Pros - Landscaping General Contractor
-
Velvet & Shag Vintage Rugs Home Decor Store Department Store
-
Ossa Skinworks Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$1.15M
Owner & transaction history
Ossa Skinworks LLC · 2 yrs held
Ossa Skinworks LLC
since 2023
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,455,000
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10%
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
$136 / 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
$15,496
Tax year 2023
Assessed value
$1,555,200
Assessed 2022
Previous assessed
$1,555,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$185,400
Assessed improvement
$1,369,800
Land market value
$185,400
Improvement market value
$1,369,800
Total market value
$1,555,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Bathrooms
0
Total area
8,445 SF
Lot
0.14 ac (6,098 SF)
APN
7850-04-00600
UPID
US90-1259566
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
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
0
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ossa Skinworks LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
—
Ossa Skinworks LLC
Olympia Hardware Building LLC
Lease
—
Aug 7, 2023
—
Olympia Hardware Buildiing LLC
—
Deed
related
$523,000 · Northwest Businessdevelopment Associatio
Jun 13, 2023
$1,250,000
Olympia Hardware Building LLC
Resource Transition Consultants LLC
Bargain And Sale Deed
$635,775 · Olympia Fsla
Sep 26, 2018
—
Daurehoj Commerical LLC
—
Deed
related
$1,144,000 · Commencement Bank
Apr 18, 2014
$730,000
Daurehoj Commercial LLC
Angles Spirit LLC
Warranty Deed
$693,200 · Seacoast Commerce Bank
Nov 23, 2010
$700,000
Angels Spirit LLC
Footprints Propert Mgmt Co LLC
Warranty Deed
$350,000 · Footprints Prop Mgmt Co LLC
Jan 12, 2007
—
Footprints Prop Mgmt Co LLC
Mcconkey,elaine J
Quit Claim Deed
related
—
Jan 2, 2007
$1,000,000
Elaine J Mcconkey
Jensen,dennis L & Margo E
Warranty Deed
$100,000 · Dennis L & Margo E Jensen
Jan 2, 2007
—
Elaine J Mcconkey
Mcconkey,rodney R
Quit Claim Deed
related
—
Sep 11, 1997
$160,000
Dennis L Jensen
Mccleary,mary A Allen Estate
Grant Deed
$120,000 · Heritage Bank
—
—
Dennis L Jensen
—
Deed Of Trust
related
$50,000 · Heritage Bank
—
—
Footprints Prop Mgmt Co LLC
—
Deed Of Trust
related
$75,000 · Timberland Bank
—
—
Dennis L Jensen
—
Deed Of Trust
related
$368,000 · Heritage Bank
—
—
Footprints Property Management
—
Deed Of Trust
related
$100,000 · Dennis L & Margo E Jensen
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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