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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
2635 Parkmont SW Ln Olympia, WA 98502
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0565095
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
WOOD FRAME
Total area
7,490 SF
Lot
0.63 ac (27,443 SF)
APN
1282-11-31162
UPID
US90-0565095
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
-
The Olympia School of Guitar Training Center Tutoring Service
-
Vanguard Laboratory Laboratory
-
Food Safety & Defense Laboratory Laboratory Water Testing Service
-
Lisa Reed Marriage Or Relationship Counselor
-
Sun and Steel Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$720k
Owner & transaction history
2635 Parkmont Lane LLC · 4 yrs held
2635 Parkmont Lane LLC
since 2021
Last sale
$710,000
4 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
$695,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $710k (Sep 1 2021)
Last sale anchor
$710k
Sep 1 2021
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
$96 / 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
$9,044
Tax year 2023
Assessed value
$907,300
Assessed 2022
Previous assessed
$738,100
+22.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$168,400
Assessed improvement
$738,900
Land market value
$168,400
Improvement market value
$738,900
Total market value
$907,300
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
1979
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,490 SF
Lot
0.63 ac (27,443 SF)
APN
1282-11-31162
UPID
US90-0565095
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
1979
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
2635 Parkmont Lane LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2635 PARKMONT LN SW, OLYMPIA, WA 98502
Ownership since
2021
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
Oct 27, 2025
—
Kimberly Nelsen
—
Deed
related
$115,000 · Washington State Employees Cu
Sep 1, 2021
—
2635 Parkmont Lane LLC
Institue Of Food Sufery & Defense L
Quit Claim Deed
related
—
Mar 10, 2021
$710,000
Institute Of Food Safety & Defense
Lee A Ingrim
Warranty Deed
$568,000 · O Bee Cu
Apr 30, 2020
—
Lee A Ingrim
—
Deed
related
$400,000 · Olympia Fsla
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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