Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1505 Yelm W Ave Yelm, WA 98597
    Back to Search
    Property profile & analytics

    1505 Yelm W Ave, Yelm, WA 98597

    View on Map
    • Retail properties & Spaces
    • 392 SF
    • 2.46 lot acres
    Off-Market
    Property ID
    US90-1355556
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1505 Yelm W Ave

    Year built
    1992
    Construction
    WOOD FRAME
    Lot size
    2.46 lot acres
    Property type
    Retail properties & Spaces
    APN
    2172-42-10702
    APU
    21724210702

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2015 — Alfred K Attwood Attwood,larry E Quit Claim Deed · related —
    Nov 21, 1990 $40,000 Larry E Attwood Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.626
    Latitude
    46.952
    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
    $7,598
    $391,400
    $425,200
    $816,600
    -
    $391,400
    $425,200
    $816,600

    Comparable in this City

    • Value Estimation by Request
      2,280 SF

      16601 State Rte 507th SE

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      16601 State Rte 507th SE, Yelm, WA 98597-9609
      View Details
    • Value Estimation by Request
      8,000 SF

      904 Yelm Ave

      Retail properties & Spaces
      904 Yelm Ave, Yelm, WA 98597
      View Details
    • Value Estimation by Request
      960 SF

      11432 Vail SE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      11432 Vail SE Rd, Yelm, WA 98597-9577
      View Details
    • Value Estimation by Request
      5,500 SF

      103 1st NE St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      103 1st NE St, Yelm, WA 98597-7746
      View Details
    • Value Estimation by Request
      1,100 SF

      17509 110th SE Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      17509 110th SE Ave, Yelm, WA 98597
      View Details
    • Value Estimation
      $6,300,000
      51,917 SF

      906 Yelm E Ave

      DEPARTMENT STORE
      906 Yelm E Ave, Yelm, WA 98597
      View Details

    Similar Nearby for Sale

    • $400,000

      Corner Lot Retail Opportunity

      Buildable corner lot in rapidly growing Yelm, Washington.
      15435 Yelm Ave W, Yelm, WA 98597
      View Details
    • Contact for pricing
      23,486 SF

      Tractor Supply Co. Investment Property

      NN leased Tractor Supply Co. in Yelm, Washington.
      10616 Bald Hill Rd SE, Yelm, WA 98597
      View Details
    • Contact for pricing
      6,306 SF

      Leased Retail Space For Sale

      Fully leased retail space with strong pride of ownership.
      514 E Yelm Ave, Yelm, WA 98597
      View Details
    • Contact for pricing
      6,650 SF

      Retail Development Opportunity in Yelm

      New retail development with ground lease and shop space.
      1301 E Yelm Ave, Yelm, WA 98597
      View Details
    • Contact for pricing

      Two Acre Yelm Land Parcel

      Two acre parcel ready for development near Yelm, Washington.
      14526 SE Yelm Ave, Yelm, WA 98597
      View Details
    • $8,800,000

      Yelm Cattle Ranch For Sale

      Operating cattle ranch with breathtaking views of Mt. Rainier.
      20015 128Th Ave SE, Yelm, WA 98597
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Yelm, Washington.
      15010 Berry Valley Rd SE, Yelm, WA 98597
      View Details
    • $4,000 /Mo
      848 SF

      Drive-Thru Coffee Stand Opportunity

      848 SF drive-thru coffee stand on high-visibility Tahoma Blvd.
      14712 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • Contact for pricing
      6,650 SF

      Retail Development Opportunity in Yelm

      Retail spaces and land available for lease in Yelm.
      1301 Yelm Ave, Yelm, WA 98597
      View Details
    • $1,464 /Mo
      976 SF

      Established Wellness Building Office Space

      Office space in wellness-focused building on Yelm Ave.
      301 Yelm Ave E, Yelm, WA 98597
      View Details
    • $1,888 /Mo
      755 SF

      Professional Office Suite in Yelm

      755 SF office suite on Tahoma Blvd available for lease.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $1,321 /Mo
      587 SF

      Professional Office Suite in Yelm

      Highly visible office suite in central Yelm available for rent.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      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.
    1505 Yelm W Ave
    Yelm, WA 98597
    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

    Thank You for Inquiry
    1505 Yelm W Ave, Yelm, WA, 98597
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!