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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office buildings
129 Olympic Ave Arlington, WA 98223-1335
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0465781
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
2,960 SF
Lot
0.1 ac (4,356 SF)
Zoning code
15
APN
378800601800
UPID
US90-0465781
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
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Grandview North LLC · 6 yrs held
Grandview North LLC
since 2019
7 recorded transactions
Zoning & alternative use
15 · Arlington, WA
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
by Request
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: -15% · Conversion: Easy
RETAIL STORES
$860,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$855,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$230 / 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
$4,507
Tax year 2023
Assessed value
$582,900
Assessed 2023
Previous assessed
$498,000
+17.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$181,900
Assessed improvement
$401,000
Land market value
$181,900
Improvement market value
$401,000
Total market value
$582,900
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
2,960 SF
Lot
0.1 ac (4,356 SF)
Zoning code
15
APN
378800601800
UPID
US90-0465781
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
15 · Arlington, WA
Zoning 15 · permitted uses
15 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$895,000
RETAIL STORES
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$855,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Grandview North LLC
Entity
Mailing address
PO BOX 159, ARLINGTON, WA 98223-0159
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Grandview North LLC
—
Deed
related
$3,000,000 · J&j Dakota LLC
May 10, 2024
—
Grandview North LLC
—
Deed
related
$1,000,000 · Access Legal Capital LLC
Dec 22, 2023
—
Grandview North LLC
—
Deed
related
$2,500,000 · Access Legal Capital LLC
Nov 19, 2019
—
Grandview North LLC
—
Deed
related
$1,500,000 · J&j Dakota LLC
Sep 17, 2019
$417,000
Grandview North LLC
Green Valley Holdings LLC
Quit Claim Deed
related
—
May 31, 2018
—
Grandview Homes LLC
—
Deed
related
$5,500,000 · J&j Dakota LLC
Apr 29, 2011
$362,000
Green Valley Holdings LLC
Grandview North LLC
Warranty Deed
—
Jun 23, 2010
—
Grandview North LLC
Scj Holdings LLC
Quit Claim Deed
related
—
Apr 16, 2009
$561
Scj Holdings LLC
Wammack,scott T
Quit Claim Deed
related
—
Jun 28, 1999
—
Grandview North LLC
—
Grant Deed
related
$245,000 · First Heritage Bank
May 5, 1999
$67,500
Grandview North LLC
Morris,dan I & Eileen M
Grant Deed
$42,500 · Seller
Feb 1, 1992
$30,000
Dan I Morris
Unknown
Grant Deed
—
—
—
Grandview North LLC
—
Deed Of Trust
related
$1,500,000 · J&j Dakota LLC
—
—
Grandview North LLC
—
Deed Of Trust
related
$262,500 · Everett Mutual Savings Bank
—
—
Grandview North LLC
—
Deed Of Trust
related
$250,000 · Coastal Community Bank
—
—
Grandview Homes LLC
—
Deed Of Trust
related
$5,500,000 · J&j Dakota LLC
—
—
Grandview North LLC
—
Deed Of Trust
related
$2,243,870 · Coastal Community 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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