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Property profile & analytics
FOR SALE
Grocery and convenience stores
210 4Th Ave E, Olympia, WA 98501
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-2839750
For Sale
$1,825,000
210 4Th Ave E, Olympia, WA 98501
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,800 SF
Lot
0.12 ac (5,227 SF)
APN
7850-23-00700
UPID
US90-2839750
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
-
Antique Junkie Home Decor Store (Bike/Boat/Book/etc) Store
-
Moclips Barbershop Barber Shop
-
Rhythms Coffee Cafe & Coffee Shop
-
4th Ave Tavern Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$1.31M
Owner & transaction history
Scott Staples · 21 yrs held
Scott Staples
since 2004
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$121 / 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
$16,466
Tax year 2023
Assessed value
$1,652,600
Assessed 2022
Previous assessed
$1,095,000
+50.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$191,500
Assessed improvement
$1,461,100
Land market value
$191,500
Improvement market value
$1,461,100
Total market value
$1,652,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Bathrooms
4
Total area
10,800 SF
Lot
0.12 ac (5,227 SF)
APN
7850-23-00700
UPID
US90-2839750
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
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Scott Staples
Individual
Mailing address
2105 PEARL BCH DR NW, OLYMPIA, WA 98502-3965
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
—
Scott Staples
—
Deed
related
$473,256 · George Walsh
Oct 29, 2004
$660,000
Scott Staples
Walsh,george R
Warranty Deed
$200,000 · George Walsh
Jul 14, 1994
$470,000
George R Walsh
Grele,jules I & Sally J
Grant Deed
$370,000 · Individual
Jul 12, 1994
$470,000
George R Walsh
Dershay, Dan L Etal
Grant Deed
$370,000
Aug 15, 1989
$153,000
Dan L Dershay
Unknown
Grant Deed
—
—
—
George R Walsh
—
Deed Of Trust
related
$245,000 · First Community Bank Washingto
—
—
Scott Staples
—
Loan Modification
related
$473,256 · George Walsh
—
—
Scott Staples
—
Deed Of Trust
related
$488,112 · George Walsh
—
—
Jules L Grele
—
Deed Of Trust
related
$100,000 · West One Bank Washington
—
—
Scott Staples
—
Deed Of Trust
related
$560,000 · George R Walsh
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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