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Property profile & analytics
OFF-MARKET
Retail space
116 State NE Ave, Olympia, WA 98501-1131
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1747337
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,072 SF
Lot
0.08 ac (3,485 SF)
APN
7850-12-00600
UPID
US90-1747337
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
-
Olympia Budokan - Bujinkan Dojo Training Center Sports School
-
Thailand Oil Spa Body Massage Alternative Medicine Practice Spa & Massage Center
-
Thailand oil Asian Massage Alternative Medicine Practice Spa & Massage Center
-
Thailand Oil Massage Asian Spa Olympia Alternative Medicine Practice Spa & Massage Center
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
116 Sky LLC · 3 yrs held
116 Sky LLC
since 2022
Last sale
$399,000
4 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
$2,801
Tax year 2023
Assessed value
$280,300
Assessed 2022
Previous assessed
$250,500
+11.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$104,900
Assessed improvement
$175,400
Land market value
$104,900
Improvement market value
$175,400
Total market value
$280,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
0
Total area
2,072 SF
Lot
0.08 ac (3,485 SF)
APN
7850-12-00600
UPID
US90-1747337
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
0
Lot
0.08 ac
Current owner
From public records · entity-resolved
116 Sky LLC
Entity
Free & Clear · 3 yrs held
Mailing address
214 E LYNN ST, SEATTLE, WA 98102-3428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
—
116 Sky LLC
Aiming Yang
Quit Claim Deed
related
—
Sep 13, 2021
$399,000
App Landscapingtt Decoration LLC
Akbar Tizpa
Warranty Deed
$250,000 · Wendy Xiong
Sep 16, 2019
—
Akbar Tizpa
Rafii,mandana T
Quit Claim Deed
related
—
—
—
Mandana Tizpa
—
Deed Of Trust
related
$29,202 · Individual
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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