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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Retail properties & Spaces
512 Devoe SE St Olympia, WA 98501-2017
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0972182
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,273 SF
Lot
1.25 ac (54,450 SF)
APN
3420-21-00100
UPID
US90-0972182
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
-
Gerber Collision & Glass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Thematic Investments LLC · 10 yrs held
Thematic Investments LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+11.9%
Retail stores
$1.7M
+8.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,565,000
Current use
OFFICE BUILDING
$1,755,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,705,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,560,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,540,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10%
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
$64 / 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
$36,437
Tax year 2023
Assessed value
$3,658,200
Assessed 2022
Previous assessed
$2,544,700
+43.8% YoY
Effective rate
1.00%
On assessed value
Assessed land
$453,200
Assessed improvement
$3,205,000
Land market value
$453,200
Improvement market value
$3,205,000
Total market value
$3,658,200
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
17,273 SF
Lot
1.25 ac (54,450 SF)
APN
3420-21-00100
UPID
US90-0972182
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Thematic Investments LLC
Entity
Mailing address
PO BOX 711, TACOMA, WA 98401-0711
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2016
—
Thematic Investments LLC
—
Deed
related
—
Jun 21, 2016
—
Thematic Investments LLC
Tdes 30350 LLC
Warranty Deed
—
Mar 4, 2016
$2,674,719
Tdes 30350 LLC
Tracey Swanson LLC
Warranty Deed
$1,475,000 · Columbia State Bank
Jan 17, 2012
—
Swanson,tracey
Swanson,kimberly
Quit Claim Deed
related
—
Jul 12, 2000
$1,400,000
Tracey Swanson LLC
Swanson,dennis G & Grace A
Grant Deed
related
$1,400,000 · Seller
Nov 14, 1990
$185,000
Dennis G Swanson
Unknown
Grant Deed
—
—
—
Tracey Swanson LLC
—
Loan Modification
related
$1,403,676 · Washington Business Bank
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$300,000 · South Sound Bank
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$500,000 · Kimberly Swanson
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$191,800 · Washington Business Bank
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$928,200 · Washington Business Bank
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$473,763 · West Coast Bank
—
—
Thematic Investments LLC
—
Loan Modification
related
—
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$625,000 · Bank Of America
—
—
Tracey Swanson LLC
—
Deed Of Trust
related
$350,000 · Bank Of America
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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