Back to Search
Property profile & analytics
OFF-MARKET
Banks
5119 Olympic St Joint Base Lewis Mcchord, WA 98433-1643
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2938357
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1999
Construction
WOOD FRAME
Total area
2,831 SF
Lot
0.67 ac (29,011 SF)
APN
221177059
UPID
US90-2938357
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
by Request
Owner & transaction history
City Of Gig Harbor · 8 yrs held
City Of Gig Harbor
since 2017
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 Joint Base Lewis Mcchord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Joint Base Lewis Mcchord 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,315
Tax year 2024
Assessed value
$1,806,800
Assessed 2024
Previous assessed
$1,806,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$987,700
Assessed improvement
$819,100
Land market value
$987,700
Improvement market value
$819,100
Total market value
$1,806,800
Applied tax rate
75.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
2,831 SF
Lot
0.67 ac (29,011 SF)
APN
221177059
UPID
US90-2938357
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
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
1999
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
City Of Gig Harbor
Entity
Mailing address
3803 BRIDGEPORT WAY W, UNIVERSITY PLACE, WA 98466-4415
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Olympic Towne Center LLC
—
Deed
related
$33,000,000 · Great West Life & Annuity Insurance Co
May 7, 2018
—
Olympic Towne Center LLC
—
Grant Deed
related
$32,500,000 · Miscellaneous Ins Co
Oct 13, 2017
—
City Of Gig Harbor
Olympic Towne Center LLC
Quit Claim Deed
related
—
Dec 9, 2014
—
Wwr Properties
—
Loan Modification
related
$3,777,500 · Wells Fargo Bk
Jul 24, 2014
—
Olympic Towne Center LLC
Wwr Properties
Quit Claim Deed
related
—
Feb 27, 2008
$3,000,000
Wwr Properties
Harbor Olympic Land LLC
Warranty Deed
—
Sep 20, 2006
$1,240,000
Harbor Olympic Land LLC
John M Park
Warranty Deed
—
—
—
Wwr Properties
—
Loan Modification
related
—
—
—
Wwr Properties
—
Loan Modification
related
$3,777,500 · Wells Fargo Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5119 Olympic St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
