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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Grocery and convenience stores
311 4th E Ave Olympia, WA 98501-1106
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2791328
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,797 SF
Lot
0.11 ac (4,792 SF)
APN
7850-34-00200
UPID
US90-2791328
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
-
Olympia Hot Dog Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.18M
Owner & transaction history
Adam Lukomski · 1 yrs held
Adam Lukomski
since 2025
Last sale
$1.2M
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
Method
Estimation
Statistic approach
$1,165,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$1,770,000
6.5%
$1,635,000
7%
$1,515,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.20M (Apr 1 2025)
Last sale anchor
$1.20M
Apr 1 2025
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
$134 / 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
$11,949
Tax year 2023
Assessed value
$1,199,000
Assessed 2022
Previous assessed
$824,500
+45.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$177,400
Assessed improvement
$1,021,600
Land market value
$177,400
Improvement market value
$1,021,600
Total market value
$1,199,000
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Bathrooms
1
Total area
8,797 SF
Lot
0.11 ac (4,792 SF)
APN
7850-34-00200
UPID
US90-2791328
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Adam Lukomski
Individual
Mailing address
818 FREDERICK ST SE, OLYMPIA, WA 98501-1927
Ownership since
2025
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
Apr 1, 2025
—
Adam Lukomski
Clarissa Lukomski
Deed
related
—
Apr 1, 2025
$1,200,000
Adam Lukomski
Bugs Investments LLC
Deed
$870,000 · Bug S Investments LLC
May 24, 2016
—
Bugs Investments LLC
—
Deed
related
$377,171 · Umpqua Bank
Apr 2, 2014
—
Bugs Investments LLC
Cameron Investment Properties
Quit Claim Deed
related
—
Jan 27, 2009
—
Cameron Inv Props II LLC
Cameron,robert J
Quit Claim Deed
related
—
Oct 14, 2008
$650,000
Robert J Cameron
Maynard,john H & Misko Y
Warranty Deed
$600,000 · Sterling Savings Bank
Jun 22, 2006
—
John H Maynard
—
Trustees Deed
related
$145,000 · Chong H Lee
Apr 12, 2005
$400,000
John H Maynard
Holm,harold R & Barbara
Warranty Deed
$300,000 · Westside Community Bank
Nov 4, 1988
$73,000
Annex Assoc Partnership
Unknown
Grant Deed
—
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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