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Property profile & analytics
OFF-MARKET
Estimated value
$7,015,000
Apartment buildings
110 Legion SE Way Olympia, WA 98501-1397
Entity Owned
4-yr Hold
Property ID
US90-1119528
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,072 SF
Lot
0.21 ac (8,973 SF)
APN
7698-00-00200
UPID
US90-1119528
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
-
Stuart Place Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.91M
CAP Approach
CAP
$5.23M
Comparable Approach
Comparable
$7.32M
Blend (final)
Blend
$7.02M
Owner & transaction history
Brea Nd LLC · 4 yrs held
Brea Nd LLC
since 2021
Last sale
$7.1M
6 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
$6,960,000
ML approach
$6,905,000
CAP Approach
CAP Return
Estimation
6%
$5,660,000
6.5%
$5,225,000
7%
$4,850,000
Blend value · Realmo final
$7.02M
Range $6.31M – $7.72M · ±10% · vs last sale $7.10M (Dec 9 2021)
Last sale anchor
$7.10M
Dec 9 2021
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
$259 / 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
$52,629
Tax year 2023
Assessed value
$5,284,300
Assessed 2022
Previous assessed
$2,255,200
+134.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$105,400
Assessed improvement
$5,178,900
Land market value
$105,400
Improvement market value
$5,178,900
Total market value
$5,284,300
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
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Total area
27,072 SF
Lot
0.21 ac (8,973 SF)
APN
7698-00-00200
UPID
US90-1119528
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
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Brea Nd LLC
Entity
Mailing address
468 N CAMDEN DR #300, BEVERLY HILLS, CA 90210-4507
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$7,100,000
Brea Nd LLC
Spitpi LLC
Special Warranty Deed
$4,215,000 · Homestreet Bank
Dec 17, 2015
$2,299,800
Spitpi LLC
Mb LP
Grant Deed
$3,257,000 · Greystone Svcg
Sep 29, 1995
—
Mb LP
—
Grant Deed
related
$811,900 · Washington Community Reinvestm
—
—
Mb LP
—
Deed Of Trust
related
$1,135,000 · Cd Trust (ct)
—
—
Mb
—
Deed Of Trust
related
$1,200,000 · Column Financial INC
—
—
Mb LP
—
Deed Of Trust
related
$1,300,000 · Umpqua Bank
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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