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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Community centers
1204 Cooper Pt SW Rd Olympia, WA 98502-5728
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0601057
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Construction
WOOD FRAME
Total area
3,842 SF
Lot
0.48 ac (20,909 SF)
APN
4226-00-00500
UPID
US90-0601057
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Mgp X Cooper Point LLC · 2 yrs held
Mgp X Cooper Point LLC
since 2024
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
$390,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$705,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$465,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$440,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$345,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,463
Tax year 2024
Assessed value
$1,192,800
Assessed 2023
Previous assessed
$1,315,400
-9.3% YoY
Effective rate
1.04%
On assessed value
Assessed land
$517,800
Assessed improvement
$675,000
Land market value
$517,800
Improvement market value
$675,000
Total market value
$1,192,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,842 SF
Lot
0.48 ac (20,909 SF)
APN
4226-00-00500
UPID
US90-0601057
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$470,000
OFFICE BUILDING
Est. value
$465,000
RETAIL STORES
Est. value
$440,000
WAREHOUSE, STORAGE
Est. value
$345,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mgp X Cooper Point LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
Mgp X Cooper Point LLC
—
Deed
related
$63,000,000 · U S Bank N A
Jul 11, 2024
—
Mgp X Cooper Point LLC
—
Deed
related
$57,000,000 · Wells Fargo Bank NA
Jun 13, 2024
—
Mgp X Cooper Point LLC
Mgp X Properties LLC
Warranty Deed
—
Oct 3, 2023
—
Ulta Salon Cosmetics & Fragrance In
Mgp X Properties LLC
Lease
—
Apr 19, 2012
$24,500,000
Mgp X Properties LLC
Hanover Acquisition II LLC
Grant Deed
—
Jan 3, 2012
—
Hanover Acquisition II LLC
Black Cooper LLC
Warranty Deed
—
Oct 15, 2002
—
Black Cooper LLC
—
Deed Of Trust
related
$10,500,000 · Guardian Life Ins Co America
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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