New search
Property profile & analytics
OFF-MARKET
Commercial real estate
1833 4th E Ave, Olympia, WA 98506-4629
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-0632863
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1923
Construction
WOOD FRAME
Total area
887 SF
Lot
0.15 ac (6,534 SF)
APN
7870-05-00600
UPID
US90-0632863
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
-
Lee's Beauty School Inc Vocational School Training Center
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
1833 4th Avenue Property Holdings L
1833 4th Avenue Property Holdings L
since 2026
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,160
Tax year 2024
Assessed value
$301,800
Assessed 2023
Previous assessed
$344,900
-12.5% YoY
Effective rate
1.05%
On assessed value
Assessed land
$132,700
Assessed improvement
$169,100
Land market value
$132,700
Improvement market value
$169,100
Total market value
$301,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1923
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
887 SF
Lot
0.15 ac (6,534 SF)
APN
7870-05-00600
UPID
US90-0632863
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
1923
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
1833 4th Avenue Property Holdings L
Entity
Free & Clear · 0 yrs held
Mailing address
3764 CT Q Q, TACOMA, WA 98404-4753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
1833 4th Avenue Property Holdings L
Lisa Nguyen
Quitclaim Deed
related
—
Jan 22, 2014
—
Cue P Nguyen
Chau,lieng S
Quit Claim Deed
related
—
Feb 28, 2008
$165,000
Lieng S Chau
Kim,moses S
Warranty Deed
$115,000 · Bank Of America
Nov 26, 2001
$120,000
Moses S Kim
Kim,hong J & Pill L
Grant Deed
related
$84,000 · United Savings & Loan Bank
Jan 24, 1994
—
Hong J Kim
Puget Sound National Bank
Quit Claim Deed
related
—
Jan 21, 1994
$140,898
Hong J Kim
Jeannette H Collins Estate
Grant Deed
—
—
—
Hong J Kim
—
Deed Of Trust
related
$41,515 · Key Bank Of Washington
—
—
Hong J Kim
—
Deed Of Trust
related
$50,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1833 4th E Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
