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Property profile & analytics
OFF-MARKET
Estimated value
$8,685,000
Retail space
3325 Pacific SE Ave, Olympia, WA 98501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0841251
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Lot
4.56 ac (198,634 SF)
Zoning code
GC
APN
6645-00-00400
UPID
US90-0841251
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.69M
Owner & transaction history
Olympia Square South LLC · 4 yrs held
Olympia Square South LLC
since 2022
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
GC · Olympia, WA
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
$8,230,000
ML approach
$9,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.69M
Range $7.82M – $9.55M · ±10% · vs last sale $8.75M (Jun 30 2022)
Last sale anchor
$8.75M
Jun 30 2022
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
—
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
$23,368
Tax year 2023
Assessed value
$2,345,600
Assessed 2022
Previous assessed
$1,973,200
+18.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,864,800
Assessed improvement
$480,800
Land market value
$1,864,800
Improvement market value
$480,800
Total market value
$2,345,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Lot
4.56 ac (198,634 SF)
Zoning code
GC
APN
6645-00-00400
UPID
US90-0841251
Jurisdiction
THURSTON
Zoning & alternative use
GC · Olympia, WA
Zoning GC · permitted uses
GC · Olympia, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olympia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
4.56 ac
Current owner
From public records · entity-resolved
Olympia Square South LLC
Entity
Mailing address
3435 122ND PL NE, BELLEVUE, WA 98005-1237
Ownership since
2022
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 14, 2023
—
Olympia Square South LLC
—
Deed
related
$5,000,000 · East West Bank
Jun 30, 2022
$8,750,000
Olympia Square South LLC
Rhino Holdings Olympia LLC
Warranty Deed
—
May 11, 2022
—
Rhino Holdings Olympia LLC
—
Deed
related
$5,400,000 · Americas Cu
Feb 8, 2021
—
Rhino Holdings Olympia LLC
—
Deed
related
$12,000,000 · Pacific Coach INC
Aug 5, 2020
—
Rhino Holdings Olympia LLC
—
Deed
related
$1,545,000 · Andrew Wilson
Oct 15, 2019
—
Rhino Holdings Olympia LLC
Westwind Building LLC
Quit Claim Deed
related
—
Jan 2, 2019
—
Rhino Holdings Olympia LLC
—
Deed
related
$3,250,000 · Ignite Funding
Jan 22, 2016
$18,500,000
3430 Pacific Avenue Holdings L
Petiprin Benjamin D|pk I Olympia Square LLC
Trustees Deed
related
—
Dec 23, 1996
—
Pan Pacific Development INC
—
Deed Of Trust
related
$54,200,000 · Cibc INC
—
—
Rhino Holdings Olympia LLC
—
Deed Of Trust
related
$1,545,000 · Andrew Wilson
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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