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Property profile & analytics
OFF-MARKET
Estimated value
$8,395,000
Banks
330 Un SE Ave Olympia, WA 98501-2062
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0377746
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
140,433 SF
Lot
0.69 ac (30,056 SF)
APN
7850-62-00700
UPID
US90-0377746
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
-
CALL NOW Olympia Flooring Contractor General Contractor Renovation Specialist
-
WSECU Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.40M
Owner & transaction history
Washington State Employees Cu · 18 yrs held
Washington State Employees Cu
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.9M
+15.5%
Warehouse, storage
$12.7M
+5.8%
Apartment house (5+ units)
$12.5M
+4.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$11,990,000
Current use
RETAIL STORES
$13,850,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,685,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,530,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$8.40M
Range $7.56M – $9.23M · ±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
$60 / 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
$449,204
Tax year 2023
Assessed value
$45,110,200
Assessed 2022
Previous assessed
$29,404,700
+53.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$758,800
Assessed improvement
$44,351,400
Land market value
$758,800
Improvement market value
$44,351,400
Total market value
$45,110,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
6
Total area
140,433 SF
Lot
0.69 ac (30,056 SF)
APN
7850-62-00700
UPID
US90-0377746
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
FINANCIAL BUILDING Current
Est. value
$12.0M
RETAIL STORES
Est. value
$13.9M
WAREHOUSE, STORAGE
Est. value
$12.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.5M
FINANCIAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
6
Lot
0.69 ac
Current owner
From public records · entity-resolved
Washington State Employees Cu
Individual
Mailing address
PO BOX WSECU, OLYMPIA, WA 98507-0099
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
Cynthia H Beck
—
Deed
related
$30,000 · Washington State Employees Cu
Dec 20, 2021
—
Felicia E Riedel
—
Deed
related
$277,000 · Washington State Employees Cu
Sep 2, 2021
—
Id
—
Deed
related
$367,000 · Washington State Employees Cu
Jan 2, 2008
$2,200,000
Washington State Employees Cu
Union Street LLC
Warranty Deed
—
Mar 20, 2002
$212,000
Robert W Greenway
Nicholas,john R
Quit Claim Deed
related
$100,000 · John R Nicholas
May 29, 1998
—
Robert W Greenway
—
Grant Deed
related
$200,000 · Cascade Bank
—
—
Robert W Greenway
—
Deed Of Trust
related
$220,000 · Marcia A
—
—
Robert W Greenway
—
Deed Of Trust
related
$100,000 · Individual
—
—
Union Street LLC
—
Deed Of Trust
related
$240,000 · Heritage Savings Bank Fsb
—
—
Robert W Greenway
—
Deed Of Trust
related
$50,000 · Individual
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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