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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Apartment buildings
1140 Marvin SE Rd, Olympia, WA 98503-1915
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1310868
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD FRAME
Total area
12,582 SF
Lot
6.53 ac (284,447 SF)
APN
1182-31-10103
UPID
US90-1310868
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
-
WalMatt Corporate Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.04M
Owner & transaction history
County Of Thurston · 4 yrs held
County Of Thurston
since 2021
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%
$2,630,000
6.5%
$2,425,000
7%
$2,255,000
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$162 / 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
$131,217
Tax year 2023
Assessed value
$13,265,600
Assessed 2022
Previous assessed
$1,900,900
+597.9% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,151,400
Assessed improvement
$10,114,200
Land market value
$3,151,400
Improvement market value
$10,114,200
Total market value
$13,265,600
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
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
3
Total area
12,582 SF
Lot
6.53 ac (284,447 SF)
APN
1182-31-10103
UPID
US90-1310868
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
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
6.53 ac
Current owner
From public records · entity-resolved
County Of Thurston
Entity
Free & Clear · 4 yrs held
Mailing address
210 SW WILSON AVE STE #100, BEND, OR 97702-3591
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
County Of Thurston
Union Mills Pacific Village LLC
Warranty Deed
—
Aug 31, 2021
$7,750,000
Pacv 280 Limited Partnership
Union Mills Pacific Village LLC
Warranty Deed
—
Feb 6, 2017
—
Union Mills Pacific Village Ll
—
Grant Deed
related
$1,950,000 · South Sound Bk
Aug 2, 2011
—
Jk & Ta Investments LLC
—
Deed Of Trust
related
$1,175,696 · South Sound Bank
Nov 19, 2008
—
Jay Kobza
—
Trustees Deed
related
$125,000 · Tim Abbey
Jan 12, 2006
$1,450,000
Jk & Ta Investments LLC
Travis Lands LLC
Warranty Deed
$1,160,000 · South Sound Bank
May 24, 2002
—
Richard Woods
Travis Lands LLC
Quit Claim Deed
related
—
—
—
Richard J Woods
—
Deed Of Trust
related
$30,000 · Twin County Cu
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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