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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Office buildings
239 Olympic Ave Arlington, WA 98223-1336
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0306662
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1901
Construction
TYPE NOT SPECIFIED
Total area
10,884 SF
Lot
0.14 ac (6,098 SF)
Zoning code
15
APN
378800101902
UPID
US90-0306662
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Resolution Holdings LLC · 14 yrs held
Resolution Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
15 · Arlington, WA
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$164 / 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
$8,956
Tax year 2023
Assessed value
$1,159,600
Assessed 2023
Previous assessed
$1,032,500
+12.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$192,000
Assessed improvement
$967,600
Land market value
$192,000
Improvement market value
$967,600
Total market value
$1,159,600
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
Off-Market
Year built
1901
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
10,884 SF
Lot
0.14 ac (6,098 SF)
Zoning code
15
APN
378800101902
UPID
US90-0306662
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
15 · Arlington, WA
Zoning 15 · permitted uses
15 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Resolution Holdings LLC
Entity
Mailing address
5050 W LK SAMMAMISH PKYWY NE, REDMOND, WA 98052
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2017
—
Resolution Holdings LLC
—
Deed
related
$850,000 · Columbia St Bk
Dec 22, 2011
—
Resolution Holdings LLC
Resolution Servicing LLC
Quit Claim Deed
related
—
Dec 2, 2011
—
Resolution Servicing LLC
Stephenson,kyle & Kristy
Deed In Lieu Of Foreclosure
related
—
Nov 3, 2011
—
Resolution Servicing LLC
Stephenson,kyle & Kristy
Deed In Lieu Of Foreclosure
related
—
Dec 24, 2003
$265,000
Kyle Stephenson
Frontier Bank
Grant Deed
$238,500 · North County Bank
Oct 17, 2003
$716,678
Frontier Bank
Golden Triangle Development In
Trustees Deed
related
—
Jul 8, 1999
$460,000
Golden Triangle Development
Peterson,lillian D
Grant Deed
$468,864 · Frontier Bank
—
—
Lillian Peterson
—
Deed Of Trust
related
$25,458 · Frontier Bank
—
—
Lillian Peterson
—
Deed Of Trust
related
$35,332 · Frontier Bank
—
—
Resolution Holdings LLC
—
Deed Of Trust
related
$510,685 · Columbia State Bank
—
—
Triangle Development In Golden
—
Deed Of Trust
related
$84,022 · Frontier Bank
—
—
Resolution Holdings LLC
—
Loan Modification
related
$850,000 · Columbia St Bk
—
—
Kyle Stephenson
—
Deed Of Trust
related
$679,496 · First Heritage Bank
—
—
Kyle D Stephenson
—
Deed Of Trust
related
$261,500 · North County Bank
—
—
Kyle Stephenson
—
Deed Of Trust
related
$700,000 · 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.
Try Rey
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