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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Assisted living facilities
12850 Lala Cv SE Ln Olalla, WA 98359-9664
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-1207690
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1950
Total area
6,396 SF
Lot
8.9 ac (387,684 SF)
Zoning code
RR
APN
032202-2-119-2009
UPID
US90-1207690
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
-
Olalla Recovery Centers - Olalla Guest Lodge Medical Clinic
-
Olalla Recovery Centers, Lala Cove Lane Southeast, Olalla, WA Medical Clinic
-
Kelly Skore Counselor
-
Dr. Michael Corpolongo Physician Medical Clinic
-
Rick Hogan Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$565k
Owner & transaction history
Olalla Guest Lodge LLC · 19 yrs held
Olalla Guest Lodge LLC
since 2007
2 recorded transactions
Zoning & alternative use
RR · Olalla, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$775,000
+52.3%
Office building
$770,000
+50.8%
Retail stores
$745,000
+46.2%
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 Olalla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olalla 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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$510,000
Current use
AUTO REPAIR, GARAGE
$775,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$88 / 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
$14,860
Tax year 2024
Assessed value
$1,806,100
Assessed 2024
Previous assessed
$1,616,770
+11.7% YoY
Effective rate
0.82%
On assessed value
Assessed land
$253,860
Assessed improvement
$1,552,240
Land market value
$253,860
Improvement market value
$1,552,240
Total market value
$1,806,100
Applied tax rate
8,170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1950
Heating
YES
Buildings
5
Stories
1
Total area
6,396 SF
Lot
8.9 ac (387,684 SF)
Zoning code
RR
APN
032202-2-119-2009
UPID
US90-1207690
Jurisdiction
KITSAP
Zoning & alternative use
RR · Olalla, WA
Zoning RR · permitted uses
RR · Olalla, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olalla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$775,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
MEDICAL BUILDING
Est. value
$600,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1950
Heating
YES
Stories
1
Buildings
5
Lot
8.9 ac
Current owner
From public records · entity-resolved
Olalla Guest Lodge LLC
Entity
Free & Clear · 19 yrs held
Mailing address
12850 LALA CV LN SE, OLALLA, WA 98359-9664
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2007
—
Olalla Guest Lodge LLC
Hall D K Living Trust
Warranty Deed
related
—
Dec 1, 1993
—
Dorothy K Hall
Unknown
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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