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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
5493 Burley Olalla Rd Olalla, WA 98359-9455
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1675051
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
4,758 SF
Lot
14.48 ac (630,749 SF)
Zoning code
RP
APN
322302-3-007-2006
UPID
US90-1675051
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
-
Peninsula Pet Lodge Kennel & Boarding Facility
-
Over the Rainbow Bridge Pet Pet Funeral Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$915k
Owner & transaction history
Chandler,edward & Joie Trust · 9 yrs held
Chandler,edward & Joie Trust
since 2016
7 recorded transactions
Zoning & alternative use
RP · Olalla, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+10.6%
Neighborhood: shopping center
$1.2M
+2.5%
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 Olalla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olalla 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%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,185,000
Current use
RETAIL STORES
$1,310,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,155,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$975,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$192 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,862
Tax year 2024
Assessed value
$1,077,120
Assessed 2024
Previous assessed
$1,041,990
+3.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$96,800
Assessed improvement
$980,320
Land market value
$96,800
Improvement market value
$980,320
Total market value
$1,077,120
Applied tax rate
8,170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Buildings
5
Stories
1
Bathrooms
2
Total area
4,758 SF
Lot
14.48 ac (630,749 SF)
Zoning code
RP
APN
322302-3-007-2006
UPID
US90-1675051
Jurisdiction
KITSAP
Zoning & alternative use
RP · Olalla, WA
Zoning RP · permitted uses
RP · Olalla, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olalla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$975,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1993
Heating
FORCED AIR
Stories
1
Buildings
5
Bathrooms
2
Lot
14.48 ac
Current owner
From public records · entity-resolved
Chandler,edward & Joie Trust
Trust
Mailing address
PO BOX 950, OLALLA, WA 98359-0950
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2016
—
Chandler,edward & Joie Trust
Chandler,edward T & Joie
Quit Claim Deed
related
—
May 19, 2016
—
Joie Chandler
—
Deed
related
$550,000 · Gulf Coast Bk
Oct 24, 1995
—
Edward T Chandler
—
Grant Deed
related
$105,000 · First National Bank Port Orcha
Dec 16, 1991
$59,000
Edward T Chandler
Unknown
Grant Deed
—
—
—
Edward T Chandler
—
Deed Of Trust
related
$450,000 · Harbor Bank
—
—
Joie Chandler
—
Deed Of Trust
related
$550,000 · Gulf Coast Bk
—
—
Edward T Chandler
—
Deed Of Trust
related
$70,000 · Venture Bank
—
—
Edward Chandler
—
Deed Of Trust
related
$540,000 · Harbor Bank
—
—
Edward T Chandler
—
Deed Of Trust
related
$18,746 · Harborstone Cu
—
—
Edward T Chandler
—
Deed Of Trust
related
$105,000 · First National Bank Port Orcha
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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