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    Property profile & analytics

    1309 Fern SW St Olympia, WA 98502-1102

    • Apartment buildings
    • 5,766 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimation
    $19,160,000
    Last Sale
    Oct 17, 2023
    $16,940,000
    Location Intelligence
    Property ID
    US90-1724425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fern Ridge / Apartment Building / Apartment Rental Agency
    • Carriage Place Apartments / Apartment Building

    Property Details for 1309 Fern SW St

    Year built
    1994
    Construction
    WOOD FRAME
    Lot size
    2.87 lot acres
    Property size
    5,766 SF
    Property type
    Apartment buildings
    APN
    7840-02-00200
    APU
    78400200200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $20,050,000

    • CAP approach

      CAP return
      Estimation
      6%
      $17,620,000
      6.5%
      $17,410,000
      7%
      $17,890,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $17,530,000
      Geo Method
      $17,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $19,910,000
      Retail
      $17,820,000
      Mixed-Use
      $18,880,000
      Hospitality
      $14,800,000
      Educational
      $18,670,000
      Residential Income
      $19,300,000
      Energy
      $15,360,000
      Income-Based Land
      $15,270,000
      Food Service
      $18,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.931
    Latitude
    47.0348
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $71,360
    $426,700
    $6,738,500
    $7,165,200
    -
    $426,700
    $6,738,500
    $7,165,200

    Comparable in this City

    • Value Estimation by Request
      12,276 SF

      1415 Evergreen Park SW Dr

      APARTMENT HOUSE (5+ UNITS) • 12,276 SF
      1415 Evergreen Park SW Dr, Olympia, WA 98502-5837
      View Details
    • Value Estimation by Request
      375 SF

      1100 Fern SW St

      APARTMENT HOUSE (5+ UNITS) • 375 SF
      1100 Fern SW St, Olympia, WA 98502-1126
      View Details
    • Value Estimation by Request
      39,673 SF

      3600 Forestbrook SW Way

      APARTMENT HOUSE (5+ UNITS) • 39,673 SF
      3600 Forestbrook SW Way, Olympia, WA 98502-1237
      View Details
    • Value Estimation by Request
      25,753 SF

      701 Alta SW St

      APARTMENT HOUSE (5+ UNITS) • 25,753 SF
      701 Alta SW St, Olympia, WA 98502-1200
      View Details
    • Value Estimation by Request
      7,908 SF

      518 Oso Berry NW St

      APARTMENT HOUSE (5+ UNITS) • 7,908 SF
      518 Oso Berry NW St, Olympia, WA 98502-8196
      View Details
    • Value Estimation by Request
      894 SF

      2900 Limited NW Ln

      APARTMENT HOUSE (5+ UNITS) • 894 SF
      2900 Limited NW Ln, Olympia, WA 98502-4579
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $6,750,000
      18,000 SF

      Retail Space Near Highway 101

      Retail space with highway visibility and tenant improvement packages.
      2404-2411 Chandler Ct SW, Olympia, WA 98502
      View Details
    • $20 SF/Yr
      6,600 SF

      Olympia Office Space For Rent

      Office space for rent in Olympia, Washington.
      3000 Limited Ln NW, Olympia, WA 98502
      View Details
    • $26 SF/Yr
      35,651 SF

      Prime Olympia Office Building

      Waterfront Views, Ample Parking, Class A
      1115 Bay Dr, Olympia, WA 98502
      View Details
    • $13 SF/Yr
      1,346 SF

      Retail Space in Strip Mall

      Corner retail space available for lease in Olympia, Washington.
      2101-2103 Harrison Ave NW, Olympia, WA 98502
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space at Cooper Point

      Retail space available February 1, 2026 at Cooper Point.
      1001 Cooper Point Rd, Olympia, WA 98502
      View Details
    • $28 SF/Yr
      4,914 SF

      Retail Space in West Olympia

      Retail shopping center anchored by Grocery Outlet and Dollar Tree.
      2100 Harrison Ave NW, Olympia, WA 98502
      View Details
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    1309 Fern SW St
    Olympia, WA 98502-1102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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