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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Banks
6001 Capitol SW Blvd Tumwater, WA 98501-5290
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1064265
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2016
Construction
WOOD FRAME
Total area
8,652 SF
Lot
0.6 ac (26,136 SF)
APN
1270-31-11400
UPID
US90-1064265
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
$620k
Owner & transaction history
Evergreen Direct Cu · 12 yrs held
Evergreen Direct Cu
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+18.9%
Retail stores
$855,000
+15.5%
Warehouse, storage
$780,000
+5.8%
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
FINANCIAL BUILDING
$740,000
Current use
OFFICE BUILDING
$880,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$72 / 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
$25,046
Tax year 2023
Assessed value
$2,570,700
Assessed 2022
Previous assessed
$1,939,200
+32.6% YoY
Effective rate
0.97%
On assessed value
Assessed land
$255,400
Assessed improvement
$2,315,300
Land market value
$255,400
Improvement market value
$2,315,300
Total market value
$2,570,700
Applied tax rate
440.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Bathrooms
1
Total area
8,652 SF
Lot
0.6 ac (26,136 SF)
APN
1270-31-11400
UPID
US90-1064265
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
FINANCIAL BUILDING Current
Est. value
$740,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
FINANCIAL BUILDING 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
2016
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Evergreen Direct Cu
Individual
Mailing address
1018 UN AVE SE, OLYMPIA, WA 98501-1540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 14, 2014
$350,000
Evergreen Direct Cu
Ht 6005 LLC
Warranty Deed
—
Apr 6, 2007
—
Ht 6005 LLC
Hearthstone Tumwater Two LLC
Quit Claim Deed
related
—
Feb 5, 2007
—
Hearthstone Tumwater Two LLC
Hearthstone Tumwater LLC
Quit Claim Deed
related
$114,210 · Tsavo Investments LLC
Jan 4, 2006
$275,000
Tsavo Investments LLC
Cox,larry L & Maureen S
Warranty Deed
$185,000 · Larry L & Maureen S Cox
Mar 30, 1999
$150,000
Larry L Cox
Viridity INC
Grant Deed
$112,500 · Sterling Savings Bank
Mar 17, 1999
—
Viridity INC
Vitality Investment Group
Quit Claim Deed
related
—
Jun 19, 1990
$120,000
Vitality Investments Group
Unknown
Grant Deed
—
—
—
Pham,nicole R
—
Deed Of Trust
related
$200,000 · Columbia St Bk-portland Cbc 1
—
—
Ht 6005 LLC
—
Deed Of Trust
related
$250,000 · Timberland 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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