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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Turn key restaurants
222 Capitol N Way Olympia, WA 98501-8211
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0632754
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,378 SF
Lot
0.33 ac (14,375 SF)
APN
7850-12-00100
UPID
US90-0632754
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
-
Dos Hermanos Mexican Kitchen Restaurant
-
222 Market Food Market Farmer's Market
-
Sofie's Scoops Gelateria - At The 222 Market Cafe & Coffee Shop
-
Cameron Wealth Management Financial Advisor
-
Locust Cider Olympia Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$905k
Owner & transaction history
Urban Olympia 8 LLC · 7 yrs held
Urban Olympia 8 LLC
since 2018
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
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$63 / 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
$22,182
Tax year 2024
Assessed value
$3,385,500
Assessed 2023
Previous assessed
$3,934,400
-14.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$514,700
Assessed improvement
$2,870,800
Land market value
$514,700
Improvement market value
$2,870,800
Total market value
$3,385,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
14,378 SF
Lot
0.33 ac (14,375 SF)
APN
7850-12-00100
UPID
US90-0632754
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Urban Olympia 8 LLC
Entity
Mailing address
PO BOX 7534, OLYMPIA, WA 98507-7534
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
—
Urban Olympia 8 LLC
—
Deed
related
$1,600,000 · Timberland Bk
Dec 10, 2018
—
Urban Olympia 8 LLC
—
Deed
related
$1,455,000 · Timberland Bank
Oct 30, 2018
—
Urban Olympia 8 LLC
Historical Downtown Square LLC
Quit Claim Deed
related
—
Jul 18, 2016
—
Historical Downtown Square LLC
—
Deed
related
$300,000 · Graham Family Living Trust (lt
May 1, 2014
—
Historical Downtown Square LLC
Lee Graham Gray
Quit Claim Deed
related
—
Mar 2, 2011
—
Graham Family Trust
Graham G H Living Trust
Quit Claim Deed
related
$1,018,000 · Us Bank NA
Jan 30, 2007
—
Graham Family Living Trust
Graham G H Living Trust
Quit Claim Deed
related
—
Jun 13, 2005
$1,790,000
Lee Graham Gray
Charles A Mcswain
Warranty Deed
$1,369,717 · Venture Bank
Nov 20, 2002
$435,541
Charles A Mcswain
Kolb Family Invs LLC
Grant Deed
$1,031,250 · West Coast Bank
May 30, 1989
$425,000
Olympia Downtown Square
Unknown
Grant Deed
—
—
—
Graham George H Trust
—
Deed Of Trust
related
$1,369,717 · Venture Bank
—
—
Charles A Mcswain
—
Deed Of Trust
related
$225,000 · West Coast Bank
—
—
Historical Downtown Square LLC
—
Deed Of Trust
related
$300,000 · Graham Family Living Trust (lt
—
—
Urban Olympia 8 LLC
—
Loan Modification
related
$1,600,000 · Timberland Bk
—
—
Graham Family Living Trust
—
Deed Of Trust
related
$1,600,000 · South Sound Bank
—
—
Graham Family Living Trust
—
Deed Of Trust
related
$200,000 · South Sound 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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