Technical
Financial
Distress signals
Property profile

515 Olympic Ave Arlington, WA 98223

OFF-MARKET
Office Spaces
Property ID
US90-2953330
2,300 SF 0.09 ac lot Built 1947
Entity Owned 7-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Tutoring Service
  • Financial Advisor
  • Financial Advisor
  • Law Firm

Location

515 Olympic Ave Arlington, WA 98223-1246
Arlington metro Census 53510 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2019
7 recorded transactions
2019
$441,800
2016
$352,390
2001
$179,000
1997
$136,500
1992
$46,685
1991
$85,000
1969
Price N/A

Zoning & alternative use

OTBD - 2 · Arlington, WA
Zoning description

The Old Town business district (OTBD) zone is established to accommodate a mix of a wide variety of commercial activities and vertically oriented, high capacity residential uses in a pedestrian oriented environment.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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