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Property profile & analytics
OFF-MARKET
Estimated value
$14,570,000
Hotels
4520 Martin E Way, Olympia, WA 98516-5363
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1310533
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,469 SF
Lot
2.6 ac (113,256 SF)
APN
1181-71-40202
UPID
US90-1310533
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
Current use
Occupant on record · Public records
-
Ramada by Wyndham Olympia Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.57M
Owner & transaction history
Virk Properties Olympia LLC · 2 yrs held
Virk Properties Olympia LLC
since 2023
Last sale
$17.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.6M
+312.2%
Restaurant
$11.6M
+252.1%
Retail stores
$10.9M
+228.6%
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
$20,265,000
ML approach
$10,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,630,000
Change: +312% · Conversion: Difficult
RESTAURANT
$11,640,000
Change: +252% · Conversion: Difficult
RETAIL STORES
$10,865,000
Change: +229% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,830,000
Change: +167% · Conversion: Difficult
Blend value · Realmo final
$14.57M
Range $13.11M – $16.03M · ±10% · vs last sale $17.12M (Jul 19 2023)
Last sale anchor
$17.12M
Jul 19 2023
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
$179 / 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
$171,841
Tax year 2023
Assessed value
$17,475,900
Assessed 2022
Previous assessed
$14,160,300
+23.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,602,700
Assessed improvement
$15,873,200
Land market value
$1,602,700
Improvement market value
$15,873,200
Total market value
$17,475,900
Applied tax rate
114.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
4
Total area
81,469 SF
Lot
2.6 ac (113,256 SF)
APN
1181-71-40202
UPID
US90-1310533
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$13.6M
RESTAURANT
Est. value
$11.6M
RETAIL STORES
Est. value
$10.9M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
4
Lot
2.6 ac
Current owner
From public records · entity-resolved
Virk Properties Olympia LLC
Entity
Mailing address
8815 SW SUN PL, WILSONVILLE, OR 97070-9611
Ownership since
2023
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
Jul 19, 2023
$17,123,750
Virk Properties Olympia LLC
Superior Hospitality Group INC
Warranty Deed
$15,576,000 · Celtic Bank Corporation
Dec 4, 2019
—
Ameritrust Cdc
—
Grant Deed
related
$6,688,466 · Gbc Int'l Bk
Nov 18, 2019
—
Superior Hospitality Group INC
Sang Kil Yim
Warranty Deed
$6,688,466 · Gbc International Bank
Mar 21, 2008
$15,400,000
Sang K Yim
Glen & Peggy Black Family
Grant Deed
$14,400,000 · City Bank
May 2, 2000
—
Glen & Peggy Black Family LP
—
Deed Of Trust
related
$6,500,000 · Us Bank NA
Aug 26, 1997
$775,000
Glen Black
Hynes,stephen A
Grant Deed
—
—
—
Sang K Yim
—
Deed Of Trust
related
$14,400,000 · City 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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