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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Apartment buildings
3200 Capital Mall SW Dr, Olympia, WA 98502-8658
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1140720
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
5,360 SF
Lot
10.75 ac (468,270 SF)
APN
1281-63-40100
UPID
US90-1140720
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
-
JRH Health Resources Crisis Center Medical Clinic
-
Bright Beginnings Early Learning Academy Daycare Center
-
The Park at Cooper Point Apartments Apartment Building Apartment Rental Agency
-
Maki Mobile Notary Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.18M
Owner & transaction history
Da Environs Apple Park LLC · 10 yrs held
Da Environs Apple Park LLC
since 2015
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
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$219 / 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
$551,509
Tax year 2023
Assessed value
$55,383,800
Assessed 2022
Previous assessed
$31,585,500
+75.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$4,887,100
Assessed improvement
$50,496,700
Land market value
$4,887,100
Improvement market value
$50,496,700
Total market value
$55,383,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
3
Bathrooms
12
Total area
5,360 SF
Lot
10.75 ac (468,270 SF)
APN
1281-63-40100
UPID
US90-1140720
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
1987
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Bathrooms
12
Lot
10.75 ac
Current owner
From public records · entity-resolved
Da Environs Apple Park LLC
Entity
Mailing address
37 GRAHAM ST STE 200B, SAN FRANCISCO, CA 94129-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2015
—
Da Environs Apple Park LLC
Ap2 Remain LLC
Special Warranty Deed
$19,800,000 · Berkadia Commercial Mortgage LLC
Feb 4, 2015
$249,900
Gary L Leeper
Olson,hannah & Jered
Warranty Deed
$298,381 · Homebridge Fin'l Svcs INC
Feb 4, 2015
$7,895,361
Ap2 Bianco LLC
Ap2 Pe Exit LLC
Grant Deed
—
Feb 4, 2015
$3,664,173
Ap2 Bianco LLC
Ap2 Cbi Exit LLC
Grant Deed
—
Feb 4, 2015
—
Ap2 Cb1 Exit LLC|ap2 Pe Exit LLC Etal
Apple Park P II LP
Grant Deed
—
Jun 13, 2012
—
Park Mi Apple II
Apple Park Mi Group LLC
Quit Claim Deed
—
Aug 17, 2011
$10,385,808
Park P Apple II
Apple Park P Group LLC
Grant Deed
—
May 26, 2011
—
Apple Park Associates II LLC
Apple Park Associates LP
Quit Claim Deed
—
Dec 23, 1997
—
Apple Park Associates LP
—
Deed Of Trust
related
$9,300,000 · Continental Savings Bank
—
—
Apple Park Associates
—
Deed Of Trust
related
$8,700,000 · Wachovia Multifamily Capital
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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