Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3530 6th SE St Olympia, WA 98501-2102

    • Office Properties & Spaces
    • 3,420 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0993530
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • General Sheet Metal / Roofing Company / General Contractor

    Property Details for 3530 6th SE St

    Year built
    1976
    Construction
    WOOD FRAME
    Lot size
    0.35 lot acres
    Property size
    3,420 SF
    Zone code
    GC
    Property type
    Office Properties & Spaces
    APN
    3620-04-01500
    APU
    36200401500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.845
    Latitude
    47.0405
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,151
    $120,900
    $295,500
    $416,400
    -
    $120,900
    $295,500
    $416,400

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      730 Durell SE Rd

      OFFICE (GENERAL) • 1,080 SF
      730 Durell SE Rd, Olympia, WA 98501
      View Details
    • Value Estimation
      $3,730,000
      45,600 SF

      618 7th SE Ave

      OFFICE (GENERAL) • 45,600 SF
      618 7th SE Ave, Olympia, WA 98501-1454
      View Details
    • Value Estimation
      $3,090,000
      28,700 SF

      1145 85th SE Ave

      OFFICE (GENERAL) • 28,700 SF
      1145 85th SE Ave, Tumwater, WA 98501-5708
      View Details
    • Value Estimation
      $1,295,000
      12,000 SF

      7900 Arab SE Dr

      OFFICE (GENERAL) • 12,000 SF
      7900 Arab SE Dr, Tumwater, WA 98501-6904
      View Details
    • Value Estimation
      $1,235,000
      14,400 SF

      314 Washington NE St

      OFFICE (GENERAL) • 14,400 SF
      314 Washington NE St, Olympia, WA 98501-1145
      View Details
    • Value Estimation by Request
      200 SF

      527 Pattison SE St

      OFFICE (GENERAL) • 200 SF
      527 Pattison SE St, Olympia, WA 98501-2077
      View Details

    Similar Nearby for Sale

    • $995,000
      6,502 SF

      Spoon Building: Olympia Gem

      Downtown Olympia mixed-use space.
      118 Cherry St, Olympia, WA 98501
      View Details
    • $3,284,400

      Olympia Office Space Available

      Office property for sale at 902 Union Ave SE, Olympia, WA.
      902 Union Ave SE, Olympia, WA 98501
      View Details
    • $499,999
      2,176 SF

      Tumwater Clinic with Treatment Rooms

      Well-cared for clinic with multiple treatment rooms available for sale.
      204 Erie St SE, Tumwater, WA 98501
      View Details
    • $849,000
      3,740 SF

      Medical Office Building For Sale

      Medical office building with ample parking, suitable for various practices.
      1100 Eastside St SE, Olympia, WA 98501
      View Details
    • $13,055,000

      Olympia Class A Commercial Building

      51,600 SF Class A building in a thriving business corridor.
      6300 Linderson Way SW, Tumwater, WA 98501
      View Details
    • $499,000
      2,287 SF

      Olympia Office Redevelopment Opportunity

      2,278 SF office building on .16-acre parcel for sale.
      416 State Ave NE, Olympia, WA 98501
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      45,687 SF

      Market Centre Office Building

      Olympia's Premier Office Space
      111 Market St, Olympia, WA 98501
      View Details
    • Contact for pricing
      54,455 SF

      RAAD Office Building: Olympia, WA

      Prime Olympia Office Space: 7,500 - 54,455 SF
      128 10Th Ave, Olympia, WA 98501
      View Details
    • $30 SF/Yr
      48,000 SF

      Market Place Office Building: Olympia Waterfront

      Class A Office Space, Downtown Olympia
      724 Columbia St, Olympia, WA 98501
      View Details
    • Contact for pricing
      13,858 SF

      Olympia Office Building - 13,858 SF

      Prime Olympia office space; fully vacant, divisible.
      234 8Th Ave, Olympia, WA 98501
      View Details
    • $17 SF/Yr
      19,200 SF

      Mottman Building: Historic Coworking Space

      Downtown Olympia Office Suites, 2,948 SF Available
      101 Capitol Way, Olympia, WA 98501
      View Details
    • $15 SF/Yr
      1,431 SF

      Tumwater Executive Office Space

      1,431 SF Office, High Visibility
      6120 Capitol Blvd, Tumwater, WA 98501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3530 6th SE St
    Olympia, WA 98501-2102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.