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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Automotive properties
1200 Black Lk SW Blvd, Olympia, WA 98502-5725
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1034529
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,464 SF
Lot
0.46 ac (20,038 SF)
APN
1282-11-30102
UPID
US90-1034529
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
-
Elephant Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
1200 Blacklake Blvd Real Estate LLC · 1 yrs held
1200 Blacklake Blvd Real Estate LLC
since 2025
Last sale
$3.0M
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
$2,910,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $3.00M (Apr 2 2025)
Last sale anchor
$3.00M
Apr 2 2025
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
$857 / 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
$13,940
Tax year 2023
Assessed value
$1,399,000
Assessed 2022
Previous assessed
$1,253,200
+11.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$295,800
Assessed improvement
$1,103,200
Land market value
$295,800
Improvement market value
$1,103,200
Total market value
$1,399,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
3,464 SF
Lot
0.46 ac (20,038 SF)
APN
1282-11-30102
UPID
US90-1034529
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
1200 Blacklake Blvd Real Estate LLC
Entity
Mailing address
PO BOX 1123, BUCKLEY, WA 98321-1123
Ownership since
2025
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
Apr 2, 2025
$3,000,000
1200 Blacklake Blvd Real Estate LLC
3gen Land LLC
Warranty Deed
$2,910,000 · Woori America Bank
Apr 2, 2025
—
1200 Black Lake Blvd Real Estate Ll
—
Deed
related
$100,000 · 3gen Land LLC
Jun 21, 2019
$2,170,000
3gen Land LLC
Go Green Car Wash LLC
Trustees Deed
$2,700,000 · Bankunited Fsb
Mar 2, 2018
—
Go Green Car Wash LLC
—
Trustees Deed
related
$162,500 · Eric Johnson
Mar 30, 2009
—
Go Green Carwash LLC
Shamrock Estates LLC
Quit Claim Deed
related
—
—
—
Go Green Car Wash LLC
—
Deed Of Trust
related
$15,612 · Jay A Goldstein Law Office Pll
—
—
Go Green Car Wash LLC
—
Deed Of Trust
related
$1,172,416 · South Sound Bank
—
—
Go Green Car Wash LLC
—
Deed Of Trust
related
$1,498,000 · South Sound 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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