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Financial
Distress signals
Property profile

505 Lilly SE Rd Olympia, WA 98501

OFF-MARKET
Office Spaces
Property ID
US90-0622557
5,000 SF 0.81 ac lot Built 1972
Last sale Feb 2025 · $1,125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a prime 8,000 square foot warehouse situated on a 0.81-acre lot in Olympia, Washington. The property, located at 505 Lilly Rd SE, boasts a convenient location near Martin Way and Lilly Road, offering easy access to major transportation routes. The property is zoned GC and features two warehouse buildings. These buildings have undergone renovations over time and are currently in good condition. The larger 5,000 square foot warehouse is secured…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2022$669k
Assessed land$193k
Assessed improvement$476k
Effective rate0.98%

Value estimate

· Oct 2026
$280k
$252k – $308k
CAP approach$630k
Submarket $/SF estimate$956k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$253/SF
Submarket average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$125 – $425
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service14.0
Furniture Store10.9
Tailor Shop10.4

Location

505 Lilly SE Rd Olympia, WA 98501-2110
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
715 8th SE, Olympia, WA 98501 $34,107,360 Jul 2025 4,000 SF
409 Custer SE, Tumwater, WA 98501-3350 $1,191,127 Jun 2025 6,426 SF
205 Clark SE, Tumwater, WA 98501-4062 $1,646,128 May 2024 5,287 SF
6239 Rich SE, Olympia, WA 98501-5315 $4,800,000 Apr 2024 5,000 SF
2903 Pacific SE, Olympia, WA 98501-2040 $898,000 Jan 2024 5,268 SF
530 Lilly SE, Olympia, WA 98501-2105 $960,000 Jan 2024 3,929 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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