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Property profile & analytics
OFF-MARKET
Apartment buildings
1100 Fern SW St, Olympia, WA 98502-1126
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1514419
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Construction
WOOD FRAME
Total area
375 SF
Lot
8.93 ac (388,991 SF)
APN
1282-22-21100
UPID
US90-1514419
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
-
Splashgain Tech Support Center (Bike/Boat/Book/etc) Store
-
BLDG 43 Apartment Building
-
celebrationsbyvita Event Planning Wedding Service
-
Ms.Đan Lê-Đại Lý Sữa Gluzabet Chính Hãng Food Processing Plant
-
Moonlight Cad & Drafting Renovation Specialist (Bike/Boat/Book/etc) Store
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
Ocean Front-cambridge LLC · 8 yrs held
Ocean Front-cambridge LLC
since 2017
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
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
$390,407
Tax year 2023
Assessed value
$39,205,200
Assessed 2022
Previous assessed
$22,179,500
+76.8% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,948,100
Assessed improvement
$35,257,100
Land market value
$3,948,100
Improvement market value
$35,257,100
Total market value
$39,205,200
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
1992
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
2
Total area
375 SF
Lot
8.93 ac (388,991 SF)
APN
1282-22-21100
UPID
US90-1514419
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
1992
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
8.93 ac
Current owner
From public records · entity-resolved
Ocean Front-cambridge LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2323 9TH AVE SW, OLYMPIA, WA 98502-5175
Ownership since
2017
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
Dec 13, 2017
—
Ocean Front-cambridge LLC
Continental Cambridge LLC
Quit Claim Deed
related
—
Dec 1, 2017
—
Ocean Front-cambridge LLC
—
Grant Deed
related
$19,000,000 · Miscellaneous Ins Co
Nov 20, 2017
—
Ocean Front-cambridge LLC
Continental Cambridge LLC
Quit Claim Deed
related
—
Mar 20, 1998
—
Ocean Front-cambridge LLC
Cambridge Phase II LP
Quit Claim Deed
$11,750,000 · Eichler Fayne & Associates
Jan 11, 1991
$325,000
Phase Cambridge II
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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