Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1322 88th SE Ave Tumwater, WA 98501-5741

    • Mobile home & RV parks
    • 728 SF
    • 1.46 lot acres
    OFF-MARKET
    Last Sale
    Dec 17, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0605327
    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

    • Mobile home & RV parks

    Property Details for 1322 88th SE Ave

    Year built
    1971
    Lot size
    1.46 lot acres
    Property size
    728 SF
    Property type
    Mobile home & RV parks
    APN
    1271-32-30400
    APU
    12713230400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tumwater
    County
    Thurston
    State
    Washington
    Longitude
    -122.885
    Latitude
    46.9625
    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
    $4,173
    $332,100
    $95,300
    $427,400
    -
    $332,100
    $95,300
    $427,400

    Comparable in this City

    • Value Estimation
      $1,815,000
      3,120 SF

      706 Dennis SE St

      MOBILE HOME PARK, TRAILER PARK • 3,120 SF
      706 Dennis SE St, Tumwater, WA 98501-6401
      View Details
    • Value Estimation
      $2,815,000
      5,359 SF

      3700 14th SE Ave

      MOBILE HOME PARK, TRAILER PARK • 5,359 SF
      3700 14th SE Ave, Olympia, WA 98501-2764
      View Details
    • Value Estimation by Request
      1,312 SF

      1617 Fones SE Rd

      MOBILE HOME PARK, TRAILER PARK • 1,312 SF
      1617 Fones SE Rd, Olympia, WA 98501-2762
      View Details
    • Value Estimation by Request
      2,197 SF

      3227 78th SE Ave

      MOBILE HOME PARK, TRAILER PARK • 2,197 SF
      3227 78th SE Ave, Olympia, WA 98501-9582
      View Details
    • Value Estimation
      $1,910,000
      840 SF

      818 Burr SE Rd

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      818 Burr SE Rd, Olympia, WA 98501-2000
      View Details
    • Value Estimation by Request
      1.49 Acres

      8941 Old Hwy 99th SE

      MOBILE HOME PARK, TRAILER PARK • 1.49 Acres
      8941 Old Hwy 99th SE, Olympia, WA 98501-5746
      View Details

    Similar Nearby for Sale

    • $1,950,000
      10,800 SF

      Iconic Tavern with Apartments Above

      Tavern with commercial kitchen and 12 apartments above.
      210 4Th Ave E, Olympia, WA 98501
      View Details
    • $510,000

      Well-Maintained Duplex in Tumwater Neighborhood

      Duplex with two units, garages, fenced yards, great location.
      261 65Th Ct SW, Olympia, WA 98501
      View Details
    • $1,275,000
      5,964 SF

      Mixed-Use Retail and Apartments

      Downtown Olympia mixed-use property with retail space and apartments.
      213 4Th Ave E, Olympia, WA 98501
      View Details
    • $2,200,000
      1.79 Acres

      Tumwater Valley Lodge: Riverfront Gem

      Iconic lodge, 5 suites, river views, huge potential.
      4315 Tumwater Valley Dr, Tumwater, WA 98501
      View Details
    • $995,000
      6,502 SF

      Spoon Building: Olympia Gem

      Downtown Olympia mixed-use space.
      118 Cherry St, Olympia, WA 98501
      View Details
    • $3,284,400

      Olympia Office Space Available

      Office property for sale at 902 Union Ave SE, Olympia, WA.
      902 Union Ave SE, Olympia, WA 98501
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      4,250 SF

      Professional Office Space For Rent

      Office space near the state capital with parking.
      1210 Eastside St SE, Olympia, WA 98501
      View Details
    • $7,500 /Mo
      2,880 SF

      Tumwater Truck Terminal For Rent

      Cross-dock truck terminal with South Sound accessibility, near I-5.
      820 Airport Ct, Tumwater, WA 98501
      View Details
    • $1,500 /Mo
      215 SF

      Urban Offices in Historic Building

      Unique office spaces in downtown Olympia's historic James Martin Warehouse.
      115 State Ave NE, Olympia, WA 98501
      View Details
    • Contact for pricing
      13,858 SF

      Olympia Office Building - 13,858 SF

      Prime Olympia office space; fully vacant, divisible.
      234 8Th Ave, Olympia, WA 98501
      View Details
    • $30 SF/Yr
      48,000 SF

      Market Place Office Building: Olympia Waterfront

      Class A Office Space, Downtown Olympia
      724 Columbia St, Olympia, WA 98501
      View Details
    • $1,320,000
      8,800 SF

      Tumwater Industrial Building with Crane

      8800 SF industrial building with office space and crane.
      819 78Th Ave Southwest, Tumwater, WA 98501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1322 88th SE Ave
    Tumwater, WA 98501-5741
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.