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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Grocery and convenience stores
2752 Pacific SE Ave Olympia, WA 98501-2037
Entity Owned
~
Est. High Equity
Property ID
US90-1110514
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1927
Construction
WOOD FRAME
Total area
3,208 SF
Lot
0.4 ac (17,424 SF)
APN
3420-01-00400
UPID
US90-1110514
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
-
Equal Latin Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$780k
Owner & transaction history
Eiei LLC
Eiei LLC
since 2026
Last sale
$790,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+2.3%
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
$935,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
RETAIL STORES
$795,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$765,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $790k (Mar 2 2026)
Last sale anchor
$790k
Mar 2 2026
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
$243 / 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
$5,068
Tax year 2023
Assessed value
$508,000
Assessed 2022
Previous assessed
$393,600
+29.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$213,600
Assessed improvement
$294,400
Land market value
$213,600
Improvement market value
$294,400
Total market value
$508,000
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
1927
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,208 SF
Lot
0.4 ac (17,424 SF)
APN
3420-01-00400
UPID
US90-1110514
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
RETAIL STORES Current
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$810,000
OFFICE BUILDING
Est. value
$765,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1927
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Eiei LLC
Entity
Mailing address
6330 HOMESTEAD LN NE, OLYMPIA, WA 98506-1500
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$790,000
Eiei LLC
Bmc Properties LLC
Warranty Deed
$700,000 · Adrian Gable
Aug 1, 2023
$790,000
Bmc Properties LLC
Cheri L Schnarrs
Warranty Deed
—
Aug 1, 2023
—
Cheri L Schnarrs
Frank Warren Schnarrs
Affidavit Of Death Of Joint Tenant
related
—
Jun 29, 2012
$425,000
Frank Schnarrs
Thurston First Bk
Grant Deed
$425,000 · Thurston First Bank
Nov 29, 2011
—
Thurston First Bk
Olympia Lodge No 1759 Loyal Or
Deed In Lieu Of Foreclosure
related
—
Mar 31, 2008
$113,202
Olympia Lodge No 179 Loyal Ord
Macaroco INC
Warranty Deed
$438,750 · Thurston First Bank
Nov 2, 2006
$520,000
Macaroco INC
Conner,pat & Patricia
Warranty Deed
$426,000 · Centerbank
Jan 8, 1993
$333,000
Pat Conner
Unknown
Grant Deed
—
—
—
Patrick Conner
—
Deed Of Trust
related
$312,429 · O Bee Cu
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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