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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Industrial properties
624 Old Pacific SE Hwy, Olympia, WA 98513-9505
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-1305974
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1930
Construction
WOOD FRAME
Total area
6,400 SF
Lot
1.44 ac (62,726 SF)
APN
2180-84-40203
UPID
US90-1305974
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
$465k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$575k
Owner & transaction history
The Nisqually Indian Tribe · 5 yrs held
The Nisqually Indian Tribe
since 2021
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$915,000
+31.8%
Apartment house (5+ units)
$815,000
+17.3%
Office building
$745,000
+7.4%
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
$590,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$740,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$695,000
Current use
RESTAURANT
$915,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$580,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $600k (May 21 2021)
Last sale anchor
$600k
May 21 2021
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
$90 / 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
$8,439
Tax year 2023
Assessed value
$742,800
Assessed 2022
Previous assessed
$603,900
+23.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$212,700
Assessed improvement
$530,100
Land market value
$212,700
Improvement market value
$530,100
Total market value
$742,800
Applied tax rate
239.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1930
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
0
Total area
6,400 SF
Lot
1.44 ac (62,726 SF)
APN
2180-84-40203
UPID
US90-1305974
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
INDUSTRIAL (GENERAL) Current
Est. value
$695,000
RESTAURANT
Est. value
$915,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$580,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1930
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
0
Lot
1.44 ac
Current owner
From public records · entity-resolved
The Nisqually Indian Tribe
Individual
Free & Clear · 5 yrs held
Mailing address
4820 SHE NAH NUM DR SE, OLYMPIA, WA 98513-9105
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$600,000
The Nisqually Indian Tribe
Brian Schuetz
Warranty Deed
—
Nov 24, 2020
—
Robert C Schuetz
Robert C Schuetz
Quit Claim Deed
related
—
Mar 31, 2010
—
Sgw INC
Sgw INC
Quit Claim Deed
related
—
Aug 10, 1994
—
Sgw Incorporated
Schuetz,robert C & Doris A
Quit Claim Deed
related
—
—
—
Robert C Schuetz
—
Deed Of Trust
related
—
—
—
Sgw INC
—
Deed Of Trust
related
$777,808 · Western 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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