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Property profile & analytics
OFF-MARKET
Turn key restaurants
1415 State NE Ave Olympia, WA 98506-4456
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1017170
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1934
Construction
WOOD FRAME
Total area
1,274 SF
Lot
0.08 ac (3,485 SF)
APN
3430-02-00600
UPID
US90-1017170
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
-
State & Central Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Satte & Central LLC · 9 yrs held
Satte & Central LLC
since 2016
5 recorded transactions
Zoning & alternative use
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 Olympia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olympia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,802
Tax year 2023
Assessed value
$280,400
Assessed 2022
Previous assessed
$197,600
+41.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$63,000
Assessed improvement
$217,400
Land market value
$63,000
Improvement market value
$217,400
Total market value
$280,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1934
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
1,274 SF
Lot
0.08 ac (3,485 SF)
APN
3430-02-00600
UPID
US90-1017170
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
Building & site characteristics
From public records
Year built
1934
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Satte & Central LLC
Entity
Mailing address
PO BOX 29, CENTRALIA, WA 98531-0029
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2017
—
State & Central LLC
—
Deed
related
$100,000 · Heritage Bank
Sep 30, 2016
$221,000
Satte & Central LLC
Olnick,john C & Rhonda C
Warranty Deed
—
Jan 10, 2013
$231,000
John C Olnick
Nikula,robert W JR
Warranty Deed
$172,500 · Washington Business Bank
Dec 30, 2010
—
Robert W Nikula JR.
Hall Frank
Warranty Deed
$153,334 · Harborstone Cu
May 16, 2005
$210,000
Robert W Nikula JR.
Hall,frank
Grant Deed
—
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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