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    Property profile & analytics

    640 Woodland Sq SE Loop Lacey, WA 98503-1079

    • Office buildings
    • 85,704 SF
    • 1.14 lot acres
    OFF-MARKET
    Value Estimation
    $11,565,000
    Last Sale
    Feb 22, 2022
    $12,900,000
    Location Intelligence
    Property ID
    US90-0446587
    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

    • Office buildings

    Property Details for 640 Woodland Sq SE Loop

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.14 lot acres
    Property size
    85,704 SF
    Property type
    Office buildings
    APN
    8499-00-03600
    APU
    84990003600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,305,000
      6.5%
      $12,665,000
      7%
      $12,090,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,890,000
      Geo Method
      $11,885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,945,000
      Retail
      $12,595,000
      Mixed-Use
      $13,110,000
      Hospitality
      $13,200,000
      Educational
      $13,720,000
      Residential Income
      $13,740,000
      Energy
      $10,460,000
      Income-Based Land
      $13,695,000
      Food Service
      $11,500,000

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.826
    Latitude
    47.0406
    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
    $189,840
    $734,900
    $19,251,300
    $19,986,200
    -
    $734,900
    $19,251,300
    $19,986,200

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      7046 Pacific SE Ave

      PROFESSIONAL BUILDING • 3,360 SF
      7046 Pacific SE Ave, Olympia, WA 98503-1474
      View Details
    • Value Estimation
      $2,915,000
      16,860 SF

      420 Golf Clb SE Rd

      PROFESSIONAL BUILDING • 16,860 SF
      420 Golf Clb SE Rd, Lacey, WA 98503-1048
      View Details
    • Value Estimation by Request
      4,640 SF

      4510 Intelco SE Loop

      PROFESSIONAL BUILDING • 4,640 SF
      4510 Intelco SE Loop, Lacey, WA 98503-6004
      View Details
    • Value Estimation by Request
      3,477 SF

      1110 Golf Clb SE Rd

      PROFESSIONAL BUILDING • 3,477 SF
      1110 Golf Clb SE Rd, Lacey, WA 98503-2302
      View Details
    • Value Estimation
      $350,000
      4,928 SF

      5006 Lacey SE Blvd

      PROFESSIONAL BUILDING • 4,928 SF
      5006 Lacey SE Blvd, Lacey, WA 98503-5729
      View Details
    • Value Estimation
      $1,950,000
      0.72 Acres

      Lacey, WA 98503

      PROFESSIONAL BUILDING • 0.72 Acres
      Lacey, WA 98503
      View Details

    Similar Nearby for Sale

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    • $850,000
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      Level lot, ideal for redevelopment. Car wash bays, near I-5.
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      Lacey Commercial Land for Development

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    Similar Nearby for Lease

    • $20 SF/Yr
      198,970 SF

      Lacey Office Campus For Lease

      Master-planned office campus with modern updates and excellent access.
      605-673 Woodland Square Loop SE, Lacey, WA 98503
      View Details
    • $18 SF/Yr
      15,784 SF

      Lacey Office Building For Lease

      Two-story office building in Lacey, near shopping and services.
      4522 Pacific Ave SE, Lacey, WA 98503
      View Details
    • $18 SF/Yr
      53,988 SF

      Spacious Lacey Office Building Available

      Updated office building with large, dividable floor plates for rent.
      4450 10Th Ave SE, Lacey, WA 98503
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    • $20 SF/Yr
      8,207 SF

      Lacey Office Space For Rent

      8,207 square foot office space available in Lacey, Washington.
      676 Woodland Square Loop SE, Lacey, WA 98503
      View Details
    • $20 SF/Yr
      2,206 SF

      Available Office Space with Signage

      Office space with high visibility and abundant parking available for rent.
      4550 3Rd Ave SE, Lacey, WA 98503
      View Details
    • $20 SF/Yr
      8,327 SF

      Lacey Office Space For Rent

      Office space available for lease in Lacey, Washington.
      612 Woodland Square Loop Southeast, Lacey, WA 98503
      View Details
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    Lacey, WA 98503-1079
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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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