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Property profile & analytics
FOR SALE
Office Spaces
1718 4th E Ave Olympia, WA 98506-4534
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0995378
No photos on file
For Sale
Contact for pricing
1718 4th E Ave, Olympia, WA 98506-4534
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1927
Construction
WOOD FRAME
Total area
978 SF
Lot
0.16 ac (6,970 SF)
APN
3270-19-00028
UPID
US90-0995378
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
-
Cheri Wilkins - eXp Realty Real Estate Agency
-
Donna Palecki Real Estate Agency
-
Mel & Zack Durham | eXp Realty Real Estate Agency
-
Pacific Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$215k
Owner & transaction history
Salcedo Properties LLC · 5 yrs held
Salcedo Properties LLC
since 2020
Last sale
$165,000
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
$215,000
ML approach
$205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$215k
Range $194k – $237k · ±10% · vs last sale $165k (Dec 21 2020)
Last sale anchor
$165k
Dec 21 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
$220 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,827
Tax year 2024
Assessed value
$269,900
Assessed 2023
Previous assessed
$261,200
+3.3% YoY
Effective rate
1.05%
On assessed value
Assessed land
$145,100
Assessed improvement
$124,800
Land market value
$145,100
Improvement market value
$124,800
Total market value
$269,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1927
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
978 SF
Lot
0.16 ac (6,970 SF)
APN
3270-19-00028
UPID
US90-0995378
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
1927
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Salcedo Properties LLC
Entity
Mailing address
1718 PO BOX 374TH AVE E, OLYMPIA, WA 98507-0374
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
—
Salcedo Properties LLC
Jason C Salcedo
Quit Claim Deed
related
—
Jul 14, 2020
—
Jason Salcedo
Katherine M Salcedo
Quit Claim Deed
related
—
Jul 14, 2020
$165,000
Jason Salcedo
Wilton E Funk JR.
Grant Deed
—
Sep 9, 2013
$200,000
Marilyn Zuckerman
Kaplowitz,andrew J
Warranty Deed
$300,000 · Heritage Bank
Feb 2, 2007
—
Andrew J Kaplowitz
Kaplowitz,ronelle L
Quit Claim Deed
related
$178,660 · Heritage Bank
Mar 12, 2001
$130,000
Andrew J Kaplowitz
Munson,susan G
Grant Deed
related
$114,000 · \usan G
—
—
Andrew J Kaplowitz
—
Deed Of Trust
related
$95,000 · Ronelle L Kaplowitz
—
—
Andrew J Kaplowitz
—
Deed Of Trust
related
$20,000 · Heritage Bank
—
—
Andrew J Kaplowitz
—
Deed Of Trust
related
$116,000 · Heritage 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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