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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
2625 Parkmont Ln Sw Ste C Olympia, WA 98502-1038
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-1335242
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1976
Construction
WOOD FRAME
Total area
3,276 SF
Lot
0.97 ac (42,253 SF)
APN
1282-11-31108
UPID
US90-1335242
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
-
Naturopathic Health Center Alternative Medicine Practice
-
Objective Med Assessments Corporation Insurance Agency
-
Morgan Yarrow D Alternative Medicine Practice
-
Dr. Preeta Kuhlman Alternative Medicine Practice
-
plumpia naturopathic com Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$720k
Owner & transaction history
Parkmont Hilton LLC · 25 yrs held
Parkmont Hilton LLC
since 2001
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+47.8%
Commercial (general)
$830,000
+10.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Current use
RETAIL STORES
$1,110,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$830,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$220 / 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
$15,866
Tax year 2023
Assessed value
$1,592,300
Assessed 2022
Previous assessed
$1,293,400
+23.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$321,500
Assessed improvement
$1,270,800
Land market value
$321,500
Improvement market value
$1,270,800
Total market value
$1,592,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,276 SF
Lot
0.97 ac (42,253 SF)
APN
1282-11-31108
UPID
US90-1335242
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$750,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Parkmont Hilton LLC
Entity
Mailing address
321 CLEVELAND AVE SE STE #209, TUMWATER, WA 98501-3319
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2001
—
Parkmont Hilton LLC
Hilton,john & Carol
Quit Claim Deed
related
—
Apr 3, 1989
$975,000
John E Hilton
Unknown
Grant Deed
—
—
—
Parkmont Hilton LLC
—
Deed Of Trust
related
$250,000 · State Hwy Dist #5 Cu
—
—
John E Hilton
—
Deed Of Trust
related
$350,000 · Seafirst 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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