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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
3443 Lilly NE Rd Olympia, WA 98506-3091
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1013689
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1996
Construction
WOOD FRAME
Total area
4,480 SF
Lot
1.07 ac (46,609 SF)
APN
1180-61-11700
UPID
US90-1013689
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
-
South Sound Behavior Therapy Medical Clinic
-
Emily Nordlund Physician Medical Clinic
-
Elisa Ambriz Counselor Psychologist
-
Holly Miller Physician Medical Clinic
-
Aimee Vavrinec Counselor Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$655k
Owner & transaction history
Nw Pediatric Therapy LLC · 1 yrs held
Nw Pediatric Therapy LLC
since 2024
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
$895,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$146 / 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
$8,727
Tax year 2023
Assessed value
$836,100
Assessed 2022
Previous assessed
$638,900
+30.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$103,300
Assessed improvement
$732,800
Land market value
$103,300
Improvement market value
$732,800
Total market value
$836,100
Applied tax rate
250.0000
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
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
4,480 SF
Lot
1.07 ac (46,609 SF)
APN
1180-61-11700
UPID
US90-1013689
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
$895,000
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
1996
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Nw Pediatric Therapy LLC
Entity
Mailing address
4610 68TH AVE NE, OLYMPIA, WA 98516-8900
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Nw Pediatric Therapy LLC
North Olympia LLC
Lease
—
Jul 25, 2024
—
North Olympia LLC
—
Deed
related
$400,000 · Ameritrust Cdc
Feb 27, 2024
—
South Sound Behavior Therapy Corp
Graypey LLC
Lease
$385,360 · Timberland Bank
Feb 27, 2024
$945,000
North Olympia LLC
Graypey LLC
Warranty Deed
$481,700 · Timberland Bank
Jul 23, 2021
—
South Sound Behavior Therapy Corp
Graypey LLC
Lease
—
Mar 29, 2021
—
Graypey LLC
Ensign Imaging Associates LLC
Re-recorded Document
related
—
Mar 26, 2021
$675,000
Graypey LLC
Ensign Imaging Associates LLC
Warranty Deed
$360,800 · Timberline Bank
Jun 23, 2020
—
Ensign Imaging Associates LLC
—
Deed
related
$5,244,000 · Timberland Bk
Aug 12, 2019
—
Ensign Imaging Associates LLC
—
Loan Modification
related
$2,483,812 · Timberland Bk
Feb 27, 2018
—
Ensign Imaging Associates LLC
—
Loan Modification
related
$2,149,146 · Timberland Bk
Mar 13, 2013
$539,500
Ensign Imaging Associates LLC
Leerkamp,stanley W & Carol A
Warranty Deed
—
—
—
Ensign Imaging Associates LLC
—
Loan Modification
related
$5,244,000 · Timberland Bk
—
—
Stanley W Leerkamp
—
Deed Of Trust
related
$375,000 · Prairie Security 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.
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