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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office buildings
128 D SW St Tumwater, WA 98501-4064
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1210127
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Construction
WOOD FRAME
Total area
3,398 SF
Lot
0.19 ac (8,276 SF)
APN
6220-01-01100
UPID
US90-1210127
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
$1.03M
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$840k
Owner & transaction history
Hive Holdings LLC · 6 yrs held
Hive Holdings LLC
since 2020
Last sale
$849,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+5.8%
Retail stores
$840,000
+3.4%
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$1,015,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$810,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +6% · Conversion: Easy
RETAIL STORES
$840,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $849k (Jul 1 2020)
Last sale anchor
$849k
Jul 1 2020
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
$247 / 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
$11,189
Tax year 2023
Assessed value
$1,147,900
Assessed 2022
Previous assessed
$882,200
+30.1% YoY
Effective rate
0.97%
On assessed value
Assessed land
$130,300
Assessed improvement
$1,017,600
Land market value
$130,300
Improvement market value
$1,017,600
Total market value
$1,147,900
Applied tax rate
440.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
3,398 SF
Lot
0.19 ac (8,276 SF)
APN
6220-01-01100
UPID
US90-1210127
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
OFFICE BUILDING Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES
Est. value
$840,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2007
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Hive Holdings LLC
Entity
Mailing address
2623 51ST AVE SE, OLYMPIA, WA 98501-4905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$849,000
Hive Holdings LLC
Camorillo Properties LLC
Warranty Deed
$721,650 · First Citizens Bank & Trust Co
Dec 20, 2017
—
Camorillo Properties LLC
—
Deed
related
$654,500 · First Citizens Bank & Trust Co
Jan 12, 2007
—
Camorillo Properties LLC
—
Trustees Deed
related
$206,237 · Heritage Bank
Jun 1, 1999
$33,700
Jim Bennett
Roe,milo S & Duella R
Grant Deed
$23,700 · Seller
Jan 9, 1992
$48,500
Milo S Roe
Unknown
Grant Deed
—
Aug 18, 1988
$31,000
Rich Club
Lambert, Alan
Grant Deed
$35,000
—
—
Camorillo Properties LLC
—
Deed Of Trust
related
$193,763 · Heritage Bank
—
—
Camorillo Properties LLC
—
Deed Of Trust
related
$134,173 · Heritage Bank
—
—
James L Bennett
—
Deed Of Trust
related
$25,000 · Timberland Bank
—
—
Camorillo Properties LLC
—
Deed Of Trust
related
$96,000 · Heritage Savings Bank Fsb
—
—
Camorillo Properties LLC
—
Deed Of Trust
related
$415,000 · Rural Housing & Community Dev
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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