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Property profile & analytics
OFF-MARKET
Office Spaces
515 Olympic Ave Arlington, WA 98223-1246
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2953330
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1947
Construction
TYPE NOT SPECIFIED
Total area
2,300 SF
Lot
0.09 ac (3,920 SF)
Zoning code
OTBD - 2
APN
529901001501
UPID
US90-2953330
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
Jvm Investments LLC · 6 yrs held
Jvm Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
OTBD - 2 · 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,021
Tax year 2023
Assessed value
$649,600
Assessed 2023
Previous assessed
$552,500
+17.6% YoY
Effective rate
0.77%
On assessed value
Assessed land
$174,800
Assessed improvement
$474,800
Land market value
$174,800
Improvement market value
$474,800
Total market value
$649,600
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
2,300 SF
Lot
0.09 ac (3,920 SF)
Zoning code
OTBD - 2
APN
529901001501
UPID
US90-2953330
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OTBD - 2 · Arlington, WA
Zoning OTBD - 2 · permitted uses
OTBD - 2 · 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
1947
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jvm Investments LLC
Entity
Mailing address
20217 OLD BURN RD, ARLINGTON, WA 98223-5904
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
$441,800
Jvm Investments LLC
Arlington Property LLC
Warranty Deed
$466,000 · Heritage Bank
Aug 9, 2016
$352,390
Arlington Property LLC
Mucklestone,james M & Amy R
Warranty Deed
—
Jun 1, 2001
$179,000
James M Muckleston
Huey,robert B & Claudia J
Grant Deed
$124,259 · Frontier Bank
Jun 2, 1997
$136,500
Robert B Huey
Hansen,charles B & Cheryl A
Grant Deed
$86,500 · Seller
Mar 1, 1992
$46,685
—
—
Grant Deed
related
—
Apr 23, 1991
$85,000
John N Gray
Ellis,clifford B
Grant Deed
$65,000 · Ellis Clifford B
—
—
James Mucklestone
—
Deed Of Trust
related
$315,000 · Coastal Community Bank
—
—
James Mucklestone
—
Deed Of Trust
related
$45,450 · Frontier Bank
—
—
James M Mucklestone
—
Deed Of Trust
related
$196,889 · Frontier Bank
—
—
James M Mucklestone
—
Deed Of Trust
related
$261,000 · Frontier 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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