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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Apartment buildings
3138 Overhulse NW Rd, Olympia, WA 98502-3884
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-0400523
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD FRAME
Total area
6,788 SF
Lot
9.27 ac (403,801 SF)
APN
1280-52-30200
UPID
US90-0400523
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
-
Evergreen Gardens Building P Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.42M
Owner & transaction history
Bender Equities INC · 17 yrs held
Bender Equities INC
since 2008
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
by Request
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$208 / 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
$325,611
Tax year 2023
Assessed value
$29,764,500
Assessed 2022
Previous assessed
$17,570,700
+69.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,066,400
Assessed improvement
$25,698,100
Land market value
$4,066,400
Improvement market value
$25,698,100
Total market value
$29,764,500
Applied tax rate
160.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Bathrooms
2
Total area
6,788 SF
Lot
9.27 ac (403,801 SF)
APN
1280-52-30200
UPID
US90-0400523
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
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
9.27 ac
Current owner
From public records · entity-resolved
Bender Equities INC
Entity
Mailing address
9185 NE WALKER RD, HILLSBORO, OR 97124-7833
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
—
Bender Equities INC
—
Deed
related
$11,466,000 · Homestreet Bank
Dec 17, 2008
—
Bender Equities INC
Financial Pacific INC
Warranty Deed
—
Jul 26, 2004
—
Thurston County (wa)
Financial Pacific INC
Grant Deed
related
—
Mar 12, 1998
—
Financial Pacific INC
Coopers-columbia INC
Quit Claim Deed
related
—
—
—
Financial Pacific INC
—
Deed Of Trust
related
$4,700,000 · Liberty Federal Bank
—
—
Financial Pacific INC
—
Deed Of Trust
related
$5,718,000 · Homestreet Bank
—
—
Coopers-columbia INC
—
Deed Of Trust
related
$3,998,000 · Liberty Funding INC
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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