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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Automotive properties
2300 Carriage SW Loop, Olympia, WA 98502-1018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1746901
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Construction
WOOD FRAME
Total area
6,723 SF
Lot
4.91 ac (213,880 SF)
APN
6661-00-00600
UPID
US90-1746901
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
-
Hanson Kia Express Service Auto Repair Shop
-
Ronald & Sons Plumbing & HVAC Plumbing Service General Contractor
-
Hanson Subaru Parts Department Auto Parts Store
-
Hanson Kia of Olympia - Parts Auto Parts Store
-
Hanson Subaru Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.30M
Owner & transaction history
Olmpia Automotive Re Holdings I LLC · 1 yrs held
Olmpia Automotive Re Holdings I LLC
since 2024
6 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
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$193 / 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
$78,035
Tax year 2023
Assessed value
$7,835,400
Assessed 2022
Previous assessed
$6,990,300
+12.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,047,400
Assessed improvement
$5,788,000
Land market value
$2,047,400
Improvement market value
$5,788,000
Total market value
$7,835,400
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
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Total area
6,723 SF
Lot
4.91 ac (213,880 SF)
APN
6661-00-00600
UPID
US90-1746901
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
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.91 ac
Current owner
From public records · entity-resolved
Olmpia Automotive Re Holdings I LLC
Entity
Mailing address
2300 E CARRIAGE LOOP SW, OLYMPIA, WA 98502-1018
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$11,000,000
Olmpia Automotive Re Holdings I LLC
Hanson Realty LLC
Warranty Deed
$10,800,000 · Banner Bank
Mar 1, 2024
—
Hanson Realty LLC
Steven W Hanson
Re-recorded Document
related
—
Dec 29, 2021
—
Hanson Realty LLC
—
Deed
related
$168,500 · Timberland Bank
Jun 27, 2007
—
Hanson Reality LLC
Hanson,steven W & Mary A
Quit Claim Deed
related
—
—
—
Steven W Hanson
—
Deed Of Trust
related
$822,799 · Key Bank NA
—
—
Hanson Realty LLC
—
Deed Of Trust
related
$1,000,000 · 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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