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Property profile & analytics
OFF-MARKET
Estimated value
$9,525,000
Retail space
1530 Black Lk SW Blvd, Olympia, WA 98502-5612
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1053762
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,817 SF
Lot
5.91 ac (257,440 SF)
APN
1282-12-40300
UPID
US90-1053762
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
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Angela Eagleston - Van Dorm Realty Real Estate Agency
-
Megan Potter, Van Dorm Realty, Inc. Real Estate Agency
-
Anita C Carlson-VAN DORM REALTY, INC. Real Estate Agency
-
Erin Cawley, Real Estate Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.97M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$9.53M
Owner & transaction history
B10 Mountain A Wa LLC · 1 yrs held
B10 Mountain A Wa LLC
since 2025
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,045,000
6.5%
$12,965,000
7%
$12,040,000
Blend value · Realmo final
$9.53M
Range $8.57M – $10.48M · ±10%
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
$136 / 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
$128,965
Tax year 2023
Assessed value
$12,950,000
Assessed 2022
Previous assessed
$11,021,500
+17.5% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,701,800
Assessed improvement
$10,248,200
Land market value
$2,701,800
Improvement market value
$10,248,200
Total market value
$12,950,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
69,817 SF
Lot
5.91 ac (257,440 SF)
APN
1282-12-40300
UPID
US90-1053762
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
5.91 ac
Current owner
From public records · entity-resolved
B10 Mountain A Wa LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11250 EL CAMINO REAL STE #200, SAN DIEGO, CA 92130-2677
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
B10 Mountain A Wa LLC
—
Deed
related
—
Feb 14, 2025
—
B10 Mountain A Wa LLC
Roic Four Corner Square LLC
Warranty Deed
—
Dec 6, 2021
$24,800,000
Roic Four Corner Square LLC
Pk II Olympia West Center LLC
Bargain And Sale Deed
—
Dec 7, 2006
—
Pan Pacific Retail Props INC
Good Guys California INC
Quit Claim Deed
related
—
Nov 17, 2006
$18,975,458
Pk II Olympia West Center LLC
Pan Pacific Retail Properties INC
Special Warranty Deed
$14,000,000 · Not Available
Nov 12, 1997
$12,000,000
Pan Pacific Retail Properties
Olympia West Partners LP
Grant Deed
—
Jul 22, 1994
$3,960,000
Olympia West Partners LP
Olumpic West Plaza INC
Grant Deed
$9,000,000 · Terranomics Int'l Inv INC
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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