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Property profile & analytics
FOR SALE
Office buildings
3435 Martin Way E, Olympia, WA 98506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1403468
For Sale
$2,100,000
3435 Martin Way E, Olympia, WA 98506
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1992
Construction
WOOD FRAME
Total area
13,120 SF
Lot
0.64 ac (27,878 SF)
APN
4170-06-00200
UPID
US90-1403468
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
-
3 Points Healing Spa Medical Clinic Skin Care Clinic
-
Melannie's Hair Design LLC Hair Salon Nail Salon
-
Cococouture Hair Co. Hair Salon Nail Salon
-
THREE POINTS HEALING Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.73M
Owner & transaction history
Long Gain LLC · 4 yrs held
Long Gain LLC
since 2021
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,630,000
Current use
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$132 / 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
$21,297
Tax year 2023
Assessed value
$2,165,000
Assessed 2022
Previous assessed
$1,446,500
+49.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$256,300
Assessed improvement
$1,908,700
Land market value
$256,300
Improvement market value
$1,908,700
Total market value
$2,165,000
Applied tax rate
114.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1992
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
13,120 SF
Lot
0.64 ac (27,878 SF)
APN
4170-06-00200
UPID
US90-1403468
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
OFFICE BUILDING Current
Est. value
$2.6M
OFFICE BUILDING Current
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
1992
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Long Gain LLC
Entity
Mailing address
18143 W DESERT BLOSSOM DR, GOODYEAR, AZ 85338-5117
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
Long Gain LLC
The Hanson Family Trust
Deed
—
Jul 5, 2006
$1,600,000
Long Gain LLC
Hanson Family Trust
Grant Deed
—
May 2, 1988
$45,000
Carl D Hanson
Unknown
Grant Deed
—
—
—
Hanson Family Trust
—
Deed Of Trust
related
$850,000 · Venture Bank
—
—
Carl D Hanson
—
Deed Of Trust
related
$100,000 · First Community Bank Washingto
—
—
Carl D Hanson
—
Deed Of Trust
related
$250,000 · First Community Bank Washingto
—
—
Hanson Family Trust
—
Deed Of Trust
related
$100,737 · Venture Bank
—
—
Hanson Family Trust
—
Deed Of Trust
related
$75,000 · Venture Bank
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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