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Property profile & analytics
OFF-MARKET
Estimated value
$5,335,000
Office buildings
300 Deschutes SW Way Tumwater, WA 98501-7719
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1193597
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
WOOD FRAME
Total area
29,427 SF
Lot
0.95 ac (41,382 SF)
APN
6220-01-00100
UPID
US90-1193597
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
$6.29M
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$5.34M
Owner & transaction history
Parkside Property Management LLC · 6 yrs held
Parkside Property Management LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.4M
+5.8%
Retail stores
$7.3M
+3.4%
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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%
$6,815,000
6.5%
$6,290,000
7%
$5,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,035,000
Current use
COMMERCIAL (GENERAL)
$7,440,000
Change: +6% · Conversion: Easy
RETAIL STORES
$7,275,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$5.34M
Range $4.80M – $5.87M · ±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
$181 / 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
$83,018
Tax year 2023
Assessed value
$8,523,200
Assessed 2022
Previous assessed
$5,971,200
+42.7% YoY
Effective rate
0.97%
On assessed value
Assessed land
$336,200
Assessed improvement
$8,187,000
Land market value
$336,200
Improvement market value
$8,187,000
Total market value
$8,523,200
Applied tax rate
440.0000
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
2002
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Bathrooms
0
Total area
29,427 SF
Lot
0.95 ac (41,382 SF)
APN
6220-01-00100
UPID
US90-1193597
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
$7.0M
COMMERCIAL (GENERAL)
Est. value
$7.4M
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2002
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
0
Lot
0.95 ac
Current owner
From public records · entity-resolved
Parkside Property Management LLC
Entity
Mailing address
300 DESCHUTES WAY SW STE #300, TUMWATER, WA 98501-7719
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2019
$5,205,250
Parkside Property Management LLC
Bennett Thomas LLC
Warranty Deed
$3,500,000 · Timberland Bank
Apr 18, 2001
—
Bennett-thomas LLC
Thomas,keith P & Jeanne L
Quit Claim Deed
related
$3,326,250 · Timberland Bank
Apr 9, 1998
—
Bennet-thompson LLC
Real Estate Transactions INC
Quit Claim Deed
related
—
Jan 19, 1996
$19,500
Real Estate Transactions INC
Olympia-tumwater Foundation
Trustees Deed
—
—
—
Bennett-thomas LLC
—
Deed Of Trust
related
$100,000 · Timberland Bank
—
—
Real Estate Transactions INC
—
Deed Of Trust
related
$175,000 · Olympia Federal S&l Assn
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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