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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Office buildings
606 Columbia St Nwb-1, Olympia, WA 98501-1085
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-0872137
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
11,899 SF
Lot
0.51 ac (22,041 SF)
APN
6866-00-00300
UPID
US90-0872137
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
-
Milestone Technology Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Van Dorm Realty, Inc. Real Estate Agency
-
Chinese Healing & Movement Arts Sports School
-
Cullen Palmer Law Office LLP Law Firm
-
Andrew Dodds Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.18M
Owner & transaction history
Wall & Associates LLC Olympia · 28 yrs held
Wall & Associates LLC Olympia
since 1997
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+5.8%
Retail stores
$2.9M
+3.4%
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%
$2,755,000
6.5%
$2,545,000
7%
$2,360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,845,000
Current use
COMMERCIAL (GENERAL)
$3,010,000
Change: +6% · Conversion: Easy
RETAIL STORES
$2,940,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±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
$183 / 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
$33,207
Tax year 2023
Assessed value
$3,333,900
Assessed 2022
Previous assessed
$2,220,400
+50.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$105,100
Assessed improvement
$3,228,800
Land market value
$105,100
Improvement market value
$3,228,800
Total market value
$3,333,900
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
4
Total area
11,899 SF
Lot
0.51 ac (22,041 SF)
APN
6866-00-00300
UPID
US90-0872137
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
OFFICE BUILDING Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Wall & Associates LLC Olympia
Entity
Mailing address
PO BOX 2214, TACOMA, WA 98401-2214
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2012
—
Wall & Associates LLC
—
Deed Of Trust
related
$4,400,000 · Standard Insurance Co
Oct 22, 1997
—
Wall & Associates LLC Olympia
Wall & Associates
Quit Claim Deed
related
$3,678,550 · Seafirst Bank
—
—
Wall & Associates LLC Of Olympia
—
Deed Of Trust
related
$1,000,000 · Olympia Fed'l S&l
—
—
Wall & Associates LLC Of Olympia
—
Deed Of Trust
related
$4,800,000 · American Equity Inv Life Ins
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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