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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
410 Olympic Ave Arlington, WA 98223-1253
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3270340
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1901
Construction
WOOD
Total area
3,416 SF
Lot
0.14 ac (6,098 SF)
Zoning code
OTBD - 1
APN
529900800901
UPID
US90-3270340
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Fritz Homes LLC · 5 yrs held
Fritz Homes LLC
since 2021
Last sale
$425,000
6 recorded transactions
Zoning & alternative use
OTBD - 1 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$590,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $425k (Mar 2 2021)
Last sale anchor
$425k
Mar 2 2021
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
$168 / 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
$8,183
Tax year 2023
Assessed value
$430,500
Assessed 2023
Previous assessed
$430,500
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$192,600
Assessed improvement
$237,900
Land market value
$192,600
Improvement market value
$237,900
Total market value
$430,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1901
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
3,416 SF
Lot
0.14 ac (6,098 SF)
Zoning code
OTBD - 1
APN
529900800901
UPID
US90-3270340
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OTBD - 1 · Arlington, WA
Zoning OTBD - 1 · permitted uses
OTBD - 1 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Fritz Homes LLC
Entity
Mailing address
11909 103RD AVE NE, ARLINGTON, WA 98223-4918
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2021
$425,000
Fritz Homes LLC
Weller Investments LLC
Warranty Deed
$410,000 · Weller Investments LLC
Jan 29, 2007
$288,000
Weller Investments LLC
Peterson,mack F
Warranty Deed
$258,000 · Mack F Peterson
Apr 4, 2006
—
Mack F Peterson
Jellison,ronald R & Janah L
Quit Claim Deed
related
—
Sep 15, 2004
—
Ronald R Jellison
Jellison,janah L
Quit Claim Deed
related
—
Sep 15, 2004
$250,000
Ronald R Jellison
Peterson,mack F
Warranty Deed
$230,000 · Mack F Peterson
—
—
Weller Investments LLC
—
Deed Of Trust
related
$140,000 · Don & Sharon Richards
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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