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    6501 Martin E Way Olympia, WA 98516-5544
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    Property profile & analytics

    6501 Martin E Way, Olympia, WA 98516-5544

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    • Grocery and convenience stores
    • 5,940 SF
    • 0.78 lot acres
    Off-Market
    Last Sale Dec 15, 2023
    $3,115,000
    Property ID
    US90-1718226
    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.

    Value Estimations
    $3,310,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shell / Gas Station
    • Buddie's Grocery & Deli / Gas Station
    • Pink Sugar Espresso / Take-out & Catering / Cafe & Coffee Shop
    • Maxim Girls Espresso / Cafe & Coffee Shop / Bar & Pub

    Property Details for 6501 Martin E Way

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.78 lot acres
    Property type
    Grocery and convenience stores
    APN
    5156-01-00100
    APU
    51560100100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2023 $3,115,000 Tiwana Investments LLC Kevin Jong Corporation Warranty Deed $3.1M · Hanmi Bank
    Jul 26, 2019 — Kevin Jong Corp — Deed · related $1.4M · Keybank USA
    Feb 8, 2018 — County Of Thurston City Of Lacey Quit Claim Deed · related —
    Nov 20, 2015 $1,499,719 Kevin Jong Corporation Monte Square Corp Warranty Deed $1.5M · Royal Business Bank
    Nov 27, 2006 $1,400,000 Monte Square Corp Dems INC Warranty Deed $1.5M · Saehan Bank
    Jan 16, 2004 $600,000 Dems INC Choi,jun K & Bok Y Grant Deed $1.1M · City Bank
    Sep 17, 2002 $850,000 Jun K Chou Singh,spinder Grant Deed $1.1M · City Bank
    Nov 1, 2001 — Lamar Corp Rainier Evergreen INC Quit Claim Deed · related —
    Dec 12, 2000 — Spinder Singh Singh,kim M Quit Claim Deed · related $400k · Zions First National Bank
    Dec 12, 2000 $900,000 Buddies Gregory Lee,tien-ju Trustees Deed —
    Jun 29, 1990 $585,000 Tai Wu Chang Unknown Grant Deed —
    — — Kevin Jong Corp — Deed Of Trust · related $1.4M · Keybank USA

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,685,000
      ML approach
      $3,685,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,945,000
      Market price range: $1.20M - $3.52M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,390,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,070,000
      Change: +28% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.796
    Latitude
    47.0501
    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
    $21,504
    $551,800
    $1,635,600
    $2,187,400
    -
    $551,800
    $1,635,600
    $2,187,400
    More about this property
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