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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Automotive properties
2225 Carriage SW Dr, Olympia, WA 98502-5707
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1539278
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Construction
WOOD FRAME
Total area
1,296 SF
Lot
5.19 ac (226,076 SF)
APN
6661-00-00300
UPID
US90-1539278
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
-
Quick Lane Auto Center | Olympia Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$347k
Blend (final)
Blend
$535k
Owner & transaction history
Mullinax Ford Of Olympia LLC · 8 yrs held
Mullinax Ford Of Olympia 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$413 / 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
$95,251
Tax year 2024
Assessed value
$9,122,100
Assessed 2023
Previous assessed
$8,600,900
+6.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$4,292,900
Assessed improvement
$4,829,200
Land market value
$4,292,900
Improvement market value
$4,829,200
Total market value
$9,122,100
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
1,296 SF
Lot
5.19 ac (226,076 SF)
APN
6661-00-00300
UPID
US90-1539278
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
1985
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.19 ac
Current owner
From public records · entity-resolved
Mullinax Ford Of Olympia LLC
Entity
Mailing address
2225 CARRIAGE DR SW, OLYMPIA, WA 98502-5707
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2018
$10,800,000
Mullinax Ford Of Olympia LLC
Bjr Holdings I LLC
Warranty Deed
—
Feb 1, 2018
—
Mullinax Ford Of Olympia LLC
—
Loan Modification
related
$3,506,250 · Wells Fargo Bk
Oct 31, 2017
—
Bjr Holdings I LLC
—
Deed
related
$8,200,000 · Comerica Bank
Apr 13, 2017
—
Bjr Holdings I LLC
—
Deed
related
$2,500,000 · Toyota Motor Credit
Oct 24, 2014
—
Bjr Holdings I LLC
Rotter Family LP
Quit Claim Deed
related
—
Oct 9, 2012
—
Rotter Family LP
—
Grant Deed
related
$5,941,771 · Toyota Motor Credit Corp
May 18, 1988
$252,650
James M Rotter
Unknown
Grant Deed
—
—
—
Bjr Holdings I LLC
—
Deed Of Trust
related
$2,592,754 · Toyota Motor Credit
—
—
Rotter Family LP
—
Deed Of Trust
related
$700,000 · Key Bank NA
—
—
Bjr Holdings I LLC
—
Deed Of Trust
related
$2,500,000 · Toyota Motor Credit
—
—
Rotter Family LP
—
Deed Of Trust
related
$1,507,000 · Key Bank NA
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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