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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office Spaces
146 School SE St Olympia, WA 98503-6764
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0141480
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Construction
WOOD FRAME
Total area
6,040 SF
Lot
0.3 ac (13,068 SF)
APN
7270-02-00303
UPID
US90-0141480
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
-
AAA Charm's Carpet Cleaning and Water Restoration Carpet Cleaning Service Air Duct Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.10M
Owner & transaction history
Jmb Planet Properties LLC · 5 yrs held
Jmb Planet Properties LLC
since 2020
Last sale
$845,000
7 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
Method
Estimation
Statistic approach
$1,095,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,225,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $845k (Oct 5 2020)
Last sale anchor
$845k
Oct 5 2020
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
$181 / 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
$10,189
Tax year 2023
Assessed value
$1,025,200
Assessed 2022
Previous assessed
$636,400
+61.1% YoY
Effective rate
0.99%
On assessed value
Assessed land
$117,100
Assessed improvement
$908,100
Land market value
$117,100
Improvement market value
$908,100
Total market value
$1,025,200
Applied tax rate
239.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
2
Total area
6,040 SF
Lot
0.3 ac (13,068 SF)
APN
7270-02-00303
UPID
US90-0141480
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
OFFICE 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
1985
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Jmb Planet Properties LLC
Entity
Mailing address
4645 FOXTRAIL DR NE, OLYMPIA, WA 98516-2123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2020
$844,719
Jmb Planet Properties LLC
Tbgt Barrett Holdings LLC
Warranty Deed
—
May 1, 2019
—
Tbgt Barrett Holdings LLC
—
Deed
related
$364,469 · Kitsap Bank
Feb 13, 2015
—
Tbgt Barrett LLC
Lacey Land & Building LLC
Grant Deed
—
Sep 10, 2014
$700,000
Tbgt LLC
Lacey Land & Building LLC
Grant Deed
$655,000 · Keybank USA
Jul 28, 2003
—
Lacuy Land & Building LLC
Taylor,samuel E
Quit Claim Deed
related
—
Dec 3, 1996
$122,863
Samuel E Taylor
Young,seburn
Grant Deed
$122,863 · Individual
—
—
Lacey Land & Building LLC
—
Deed Of Trust
related
$240,000 · Fife Commercial Bank
—
—
Lacey Land & Building LLC
—
Deed Of Trust
related
$55,000 · Fife Commercial Bank
—
—
Samuel E Taylor
—
Deed Of Trust
related
$130,625 · Fife Commercial Bank
—
—
Lacey Land & Building LLC
—
Deed Of Trust
related
$365,299 · Fife Commercial Bank
—
—
Lacey Land & Building LLC
—
Deed Of Trust
related
$535,491 · Fife Commercial 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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