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Property profile & analytics
FOR SALE
Warehouses
2407 Maytown Rd SW, Olympia, WA 98512
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1070891
For Sale
1 / 14
$5,000,000
2407 Maytown Rd SW, Olympia, WA 98512
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
WOOD FRAME
Total area
2,400 SF
Lot
49.81 ac (2,169,724 SF)
APN
1260-44-30000
UPID
US90-1070891
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
-
Gardner Trucking Trucking Company
-
CRST The Transportation Solution, Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lanting Family LLC · 18 yrs held
Lanting Family LLC
since 2007
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33,613
Tax year 2024
Assessed value
$3,077,500
Assessed 2023
Previous assessed
$556,300
+453.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,124,200
Assessed improvement
$953,300
Land market value
$2,124,200
Improvement market value
$953,300
Total market value
$3,077,500
Applied tax rate
560.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1966
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
2,400 SF
Lot
49.81 ac (2,169,724 SF)
APN
1260-44-30000
UPID
US90-1070891
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
1966
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
49.81 ac
Current owner
From public records · entity-resolved
Lanting Family LLC
Entity
Mailing address
3280 PEACHTREE RD NE STE #2770, ATLANTA, GA 30305-0021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
—
Sfg Isf Gardner Portfolio LLC
—
Deed
related
$500,000,000 · Bawag P S K Bank
Aug 24, 2007
$2,100,000
Lanting Family LLC
Tri-state Properties LLC
Warranty Deed
—
Aug 24, 2007
—
Tri-state Properties LLC
Bed Rock INC
Quit Claim Deed
related
—
Mar 20, 2002
$530,833
Tri-state Properties LLC
Tri-state Motor Transit Co
Grant Deed
related
—
Nov 16, 2001
—
Tri-state Motor Transit Co
—
Deed Of Trust
related
$42,500,000 · Cit Group/business Credit Ttee
—
—
Lanting Family LLC
—
Deed Of Trust
related
$489,000 · City National Bank
—
—
Lanting Family LLC
—
Deed Of Trust
related
$2,530,000 · Mutual Of Omaha Bank
—
—
Lanting Family LLC
—
Deed Of Trust
related
$850,000 · First Heritage 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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