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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Apartment buildings
3600 Capital Mall SW Dr Olympia, WA 98502
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0793712
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Construction
WOOD FRAME
Total area
20,106 SF
Lot
10.88 ac (473,933 SF)
APN
1281-63-30201
UPID
US90-0793712
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
by Request
CAP Approach
CAP
$3.88M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.79M
Owner & transaction history
Breit Acg Mf Woodland LLC · 8 yrs held
Breit Acg Mf Woodland LLC
since 2017
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%
$4,200,000
6.5%
$3,880,000
7%
$3,600,000
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±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
$139 / 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
$592,004
Tax year 2023
Assessed value
$59,450,500
Assessed 2022
Previous assessed
$33,356,400
+78.2% YoY
Effective rate
1.00%
On assessed value
Assessed land
$4,936,200
Assessed improvement
$54,514,300
Land market value
$4,936,200
Improvement market value
$54,514,300
Total market value
$59,450,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2012
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
1
Total area
20,106 SF
Lot
10.88 ac (473,933 SF)
APN
1281-63-30201
UPID
US90-0793712
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
Building & site characteristics
From public records
Year built
2012
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
10.88 ac
Current owner
From public records · entity-resolved
Breit Acg Mf Woodland LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
—
Briet Acg Mf Woodland LLC
—
Deed
related
$32,551,000 · Jpmorgan Chase Bank NA
Sep 21, 2017
$32,410,400
Breit Acg Mf Woodland LLC
Woodland Apt Associates II LLC
Grant Deed
—
Feb 19, 2014
—
Woodland Apartment Associates
Woodland Apartment Associates
Quit Claim Deed
related
—
Mar 24, 2006
$5,850,000
Timberland Apt Assocs LLC
Friendly Village Assocs
Warranty Deed
—
Apr 5, 1993
—
Properties Four INC
Unknown
Grant Deed
related
—
—
—
Timberland Apt Assocs LLC
—
Deed Of Trust
related
$1,545,667 · Bank Of America
—
—
Calvary Chapel
—
Deed Of Trust
related
$250,000 · David J & Diane M Paget
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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