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    Property profile & analytics

    608 Yelm W Ave Yelm, WA 98597-9488

    • Grocery and convenience stores
    • 2,600 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $2,545,000
    Last Sale
    Dec 28, 2020
    $2,225,000
    Location Intelligence
    Property ID
    US90-3283151
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chamber of Commerce / Chamber Of Commerce
    • Shell / Gas Station / Atm
    • Green Furnace Repair Co. / Furnace Repair Service / Heating Contractor
    • ATM / Atm
    • THE GRILL AT 507 / Restaurant

    Property Details for 608 Yelm W Ave

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    0.65 lot acres
    Property size
    2,600 SF
    Property type
    Grocery and convenience stores
    APN
    2172-41-41204
    APU
    21724141204

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,465,000
      6.5%
      $2,425,000
      7%
      $2,105,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,995,000
      Geo Method
      $2,405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,480,000
      Retail
      $2,110,000
      Mixed-Use
      $2,015,000
      Hospitality
      $2,110,000
      Educational
      $2,345,000
      Residential Income
      $2,035,000
      Energy
      $1,935,000
      Income-Based Land
      $2,450,000
      Food Service
      $2,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.614
    Latitude
    46.9464
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,870
    $233,500
    $2,012,200
    $2,245,700
    -
    $233,500
    $2,012,200
    $2,245,700

    Comparable in this City

    • Value Estimation
      $255,000
      3,840 SF

      310 Railroad NW St

      GROCERY, SUPERMARKET • 3,840 SF
      310 Railroad NW St, Yelm, WA 98597-7616
      View Details
    • Value Estimation by Request
      5,227 SF

      802 Yelm W Ave

      GROCERY, SUPERMARKET • 5,227 SF
      802 Yelm W Ave, Yelm, WA 98597-9412
      View Details
    • Value Estimation by Request
      3,204 SF

      1302 Yelm E Ave

      GROCERY, SUPERMARKET • 3,204 SF
      1302 Yelm E Ave, Yelm, WA 98597
      View Details
    • Value Estimation
      $535,000
      2,440 SF

      1506 Yelm W Ave

      GROCERY, SUPERMARKET • 2,440 SF
      1506 Yelm W Ave, Yelm, WA 98597-9450
      View Details
    • Value Estimation
      $960,000
      3,056 SF

      813 Yelm W Ave

      GROCERY, SUPERMARKET • 3,056 SF
      813 Yelm W Ave, Yelm, WA 98597-9412
      View Details
    • Value Estimation by Request
      1,960 SF

      307 Yelm E Ave

      GROCERY, SUPERMARKET • 1,960 SF
      307 Yelm E Ave, Yelm, WA 98597-7677
      View Details

    Similar Nearby for Sale

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      Retail property available for sale in Yelm, Washington.
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      Waterfront land with direct lake access and recreational amenities.
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      Land for sale in Clearwood community with many amenities.
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    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Yelm Walmart Pad Sites Available

      Prime Retail Land Near Walmart
      17041 Wa-507, Yelm, WA 98597
      View Details
    • $32 SF/Yr
      8,000 SF

      Yelm Retail Space: Nisqually Plaza

      Brand New Retail Space in Yelm, WA
      904 Yelm Ave, Yelm, WA 98597
      View Details
    • $4,500,000
      6,650 SF

      Retail Development Opportunity in Yelm

      New retail development with ground lease and shop space.
      1301 E Yelm Ave, Yelm, WA 98597
      View Details
    • $27 SF/Yr
      3,562 SF

      Class A Medical Office Space

      Class A medical office space for lease in Yelm.
      201 Tahoma Blvd SE, Yelm, WA 98597
      View Details
    • $24 SF/Yr
      900 SF

      Class A Office Space Yelm

      Class A office space with high visibility and natural light.
      907 Yelm Ave W, Yelm, WA 98597
      View Details
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    Yelm, WA 98597-9488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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