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Property profile & analytics
FOR LEASE
Office buildings
2114 Caton Way SW Olympia, WA 98502
Entity Owned
Free & Clear
Property ID
US90-0853734
No photos on file
For Lease
$6,702/Mo
2114 Caton Way SW, Olympia, WA 98502
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2007
Construction
WOOD FRAME
Total area
8,784 SF
Lot
0.44 ac (19,166 SF)
APN
6868-00-00800
UPID
US90-0853734
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
-
Finance of America Mortgage LLC Loan Service Bank
-
Tyler Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Kim Reid Law, PLLC Law Firm
-
Olympic Lending Solutions Loan Service Bank
-
Kellams Linda S Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.86M
Owner & transaction history
EUGENE JOHNSON FAMILY INVESTMENTS LLC
EUGENE JOHNSON FAMILY INVESTMENTS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+47.8%
Commercial (general)
$2.2M
+10.2%
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%
$2,035,000
6.5%
$1,875,000
7%
$1,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,015,000
Current use
RETAIL STORES
$2,980,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,220,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±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
$211 / 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
$22,756
Tax year 2023
Assessed value
$2,284,300
Assessed 2022
Previous assessed
$1,561,600
+46.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$105,800
Assessed improvement
$2,178,500
Land market value
$105,800
Improvement market value
$2,178,500
Total market value
$2,284,300
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 buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2007
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
8,784 SF
Lot
0.44 ac (19,166 SF)
APN
6868-00-00800
UPID
US90-0853734
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
EUGENE JOHNSON FAMILY INVESTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 11486, OLYMPIA, WA 98508-1486
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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