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Property profile & analytics
OFF-MARKET
Estimated value
$8,130,000
Grocery and convenience stores
3215 Harrison NW Ave Olympia, WA 98502-8704
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1036413
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,361 SF
Lot
5.41 ac (235,660 SF)
APN
1281-63-10000
UPID
US90-1036413
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
-
TwinStar Credit Union West Olympia Safeway Credit Union
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Safeway Pharmacy Pharmacy
-
Safeway Grocery & Convenience Store Food Market
-
Nanin Garage Door Repair, Garage Door Springs & Openers Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
$5.12M
Blend (final)
Blend
$8.13M
Owner & transaction history
Safeway Realty LLC · 1 yrs held
Safeway Realty LLC
since 2025
6 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
by Request
CAP Approach
CAP Return
Estimation
6%
$11,940,000
6.5%
$11,025,000
7%
$10,235,000
Blend value · Realmo final
$8.13M
Range $7.32M – $8.94M · ±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
$137 / 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
$109,100
Tax year 2023
Assessed value
$10,955,100
Assessed 2022
Previous assessed
$7,871,900
+39.2% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,321,200
Assessed improvement
$8,633,900
Land market value
$2,321,200
Improvement market value
$8,633,900
Total market value
$10,955,100
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
59,361 SF
Lot
5.41 ac (235,660 SF)
APN
1281-63-10000
UPID
US90-1036413
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
5.41 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Safeway Realty LLC
Aci Real Estate Spe 136 LLC
Special Warranty Deed
—
Jun 18, 2020
—
Aci Real Estate Spe 136 LLC
Safeway INC
Grant Deed
—
Jan 10, 2018
—
Safeway INC
—
Loan Modification
related
—
May 16, 1997
$425,000
Trace & Associates
Safeway INC
Grant Deed
—
Jun 30, 1993
$2,200,000
Safeway INC
Unknown
Grant Deed
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000 · Wilmington Tr
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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