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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Office buildings
401 Olympia NE Ave Renton, WA 98056-4117
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1752483
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
27,712 SF
Lot
0.74 ac (32,060 SF)
Zoning code
CA
APN
092305-9177
UPID
US90-1752483
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Creative Workspace LLC · 13 yrs held
Creative Workspace LLC
since 2013
7 recorded transactions
Zoning & alternative use
CA · Renton, WA
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$149 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$59,005
Tax year 2022
Assessed value
$5,990,300
Assessed 2022
Previous assessed
$5,990,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$833,500
Assessed improvement
$5,156,800
Land market value
$833,500
Improvement market value
$5,156,800
Total market value
$5,990,300
Applied tax rate
2,100.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Stories
3
Total area
27,712 SF
Lot
0.74 ac (32,060 SF)
Zoning code
CA
APN
092305-9177
UPID
US90-1752483
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Stories
3
Lot
0.74 ac
Current owner
From public records · entity-resolved
Creative Workspace LLC
Entity
Mailing address
401 OLYMPIA AVE NE, RENTON, WA 98056-4117
Ownership since
2013
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
Feb 1, 2013
$4,099,250
Creative Workspace LLC
Bdjs Associates LLC
Warranty Deed
$2,700,000 · Banner Bank
Dec 13, 2005
—
City Of Renton
Bdjs Associates LLC
Grant Deed
related
—
Jul 30, 2004
—
Bdjs Associates LLC
—
Trustees Deed
related
$2,720,000 · Pacifica Bank
Jan 31, 2002
$250,000
Bdjs Associates LLC
Green River Leasing
Grant Deed
—
Apr 8, 1994
—
River Leasing Green
Bumstead,michael
Quit Claim Deed
related
—
—
—
Bdjs Associates LLC
—
Deed Of Trust
related
$2,720,000 · United Commercial Bank
—
—
Bdjs Associates LLC
—
Deed Of Trust
related
$225,000 · Horizon 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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