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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Apartment buildings
3625 Yelm SE Hwy, Olympia, WA 98501
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-0421064
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
WOOD FRAME
Total area
8,992 SF
Lot
3.36 ac (146,362 SF)
APN
1183-23-30400
UPID
US90-0421064
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
$1.11M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.48M
Owner & transaction history
Country Club Vlas Of Thurston Cnt · 21 yrs held
Country Club Vlas Of Thurston Cnt
since 2004
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
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,610,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$165 / 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
$141,288
Tax year 2023
Assessed value
$14,499,100
Assessed 2022
Previous assessed
$8,755,300
+65.6% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,255,700
Assessed improvement
$13,243,400
Land market value
$1,255,700
Improvement market value
$13,243,400
Total market value
$14,499,100
Applied tax rate
239.0000
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
2007
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
2
Bathrooms
1
Total area
8,992 SF
Lot
3.36 ac (146,362 SF)
APN
1183-23-30400
UPID
US90-0421064
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
2007
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Bathrooms
1
Lot
3.36 ac
Current owner
From public records · entity-resolved
Country Club Vlas Of Thurston Cnt
Individual
Mailing address
5840 YOUNG RD NW, OLYMPIA, WA 98502-9638
Ownership since
2004
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
Apr 30, 2021
—
Country Club Villas Of Thurston Cnt
—
Deed
related
$8,382,000 · Orix Real Estate Capital LLC
Dec 7, 2004
—
Country Club Vlas Of Thurston Cnt
C2 Holdings LLC
Quit Claim Deed
related
—
Sep 14, 2004
—
C2 Holdings LLC
Real Estate Transaction INC
Quit Claim Deed
related
—
Jan 14, 2004
$420,000
Real Estate Transactions INC
Herrick,thomas J
Grant Deed
$339,935 · South Sound Bank
Nov 23, 1999
—
Thomas J Herrick
Herrick,lisa
Quit Claim Deed
related
$146,962 · Heritage Bank
Jul 19, 1995
$320,000
Thomas J Herrick
Davidson,charles E & Ruth M
Grant Deed
$245,000 · Centennial Bank
—
—
Country Club Villas Of Thurston C
—
Deed Of Trust
related
$249,206 · South Sound 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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