New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Grocery and convenience stores
2303 Pacific SE Ave, Olympia, WA 98501-2030
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0900014
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,080 SF
Lot
0.59 ac (25,700 SF)
APN
0948-00-01001
UPID
US90-0900014
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
-
Olympia Pinball Rentals Factory Industrial Manufacturer
-
Olympia Rare Coins (Bike/Boat/Book/etc) Store
-
Boulevard Gas/Mini Mart Gas Station
-
Mobil Gas Station
-
RockItCoin Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Mcm Assets LLC · 2 yrs held
Mcm Assets LLC
since 2024
Last sale
$3.1M
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
$3,130,000
ML approach
$3,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $3.13M (Jan 19 2024)
Last sale anchor
$3.13M
Jan 19 2024
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
$767 / 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
$22,995
Tax year 2023
Assessed value
$2,308,300
Assessed 2022
Previous assessed
$1,205,100
+91.5% YoY
Effective rate
1.00%
On assessed value
Assessed land
$531,000
Assessed improvement
$1,777,300
Land market value
$531,000
Improvement market value
$1,777,300
Total market value
$2,308,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
4,080 SF
Lot
0.59 ac (25,700 SF)
APN
0948-00-01001
UPID
US90-0900014
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Mcm Assets LLC
Entity
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Mcm Asstes LLC
—
Deed
related
—
Jan 19, 2024
$3,130,000
Mcm Assets LLC
Acecm&m INC
Warranty Deed
$3,390,000 · Ready Capital Corp
Oct 30, 2017
—
Acec & M INC
—
Deed
related
$1,310,000 · Unibank
Jun 17, 2011
$1,350,000
Acec & M INC
Kaesoung LLC
Warranty Deed
$1,420,000 · Unibank
Apr 15, 2005
$1,000,000
Kaesoung LLC
Hung Pyo Hong
Warranty Deed
$850,000 · Pacific International Bank
Sep 28, 1998
$600,000
Hung P Hong
Boulevard Service INC
Grant Deed
—
May 19, 1998
$910,000
Hung P Hong
Boulevard Services INC
Grant Deed
$393,000 · City Bank
May 27, 1993
$312,000
Boulevard Service INC
Unknown
Grant Deed
—
—
—
Hung P Hong
—
Deed Of Trust
related
$165,000 · Fortune Oil Co
—
—
Kaesoung LLC
—
Deed Of Trust
related
$160,000 · Sok INC
—
—
Acec & M INC
—
Deed Of Trust
related
$1,310,000 · Unibank
—
—
Hung P Hong
—
Deed Of Trust
related
$110,000 · City Bank
—
—
Kaesoung LLC
—
Deed Of Trust
related
$2,275,000 · Unibank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2303 Pacific SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
