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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    665 Woodland Sq SE Loop Lacey, WA 98503-1009

    • Banks
    • 12,660 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0536276
    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

    • Banks

    Property Details for 665 Woodland Sq SE Loop

    Year built
    1993
    Construction
    WOOD FRAME
    Lot size
    0.97 lot acres
    Property size
    12,660 SF
    Property type
    Banks
    APN
    8499-00-00400
    APU
    84990000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $673,000
      Market price range: $674k - $1.53M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $990,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.824
    Latitude
    47.0424
    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
    2024
    $22,832
    $550,400
    $1,841,400
    $2,391,800
    -
    $550,400
    $1,841,400
    $2,391,800

    Comparable in this City

    • Value Estimation
      $525,000
      4,936 SF

      1010 Sleater Kinney SE Rd

      FINANCIAL BUILDING • 4,936 SF
      1010 Sleater Kinney SE Rd, Lacey, WA 98503-1131
      View Details
    • Value Estimation by Request
      3,895 SF

      4110 Pacific SE Ave

      FINANCIAL BUILDING • 3,895 SF
      4110 Pacific SE Ave, Lacey, WA 98503-1105
      View Details
    • Value Estimation
      $580,000
      5,620 SF

      4400 Pacific SE Ave

      FINANCIAL BUILDING • 5,620 SF
      4400 Pacific SE Ave, Lacey, WA 98503-1119
      View Details
    • Value Estimation
      $2,830,000
      45,699 SF

      4525 Intelco SE Loop

      FINANCIAL BUILDING • 45,699 SF
      4525 Intelco SE Loop, Lacey, WA 98503-5941
      View Details
    • Value Estimation by Request
      2,940 SF

      4860 Yelm SE Hwy

      FINANCIAL BUILDING • 2,940 SF
      4860 Yelm SE Hwy, Lacey, WA 98503-4988
      View Details
    • Value Estimation by Request
      3,564 SF

      4550 Avery SE Ln

      FINANCIAL BUILDING • 3,564 SF
      4550 Avery SE Ln, Lacey, WA 98503-5602
      View Details

    Similar Nearby for Sale

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      Iconic Lacey Commercial Property

      Three buildings with residential and commercial units on high-traffic corner.
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      NNN Leased Investment Opportunity

      Multi-tenant property with long-term leases in Lacey, WA.
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    • $850,000
      0.53 Acres

      Lacey Commercial Lot - Great Location!

      Level lot, ideal for redevelopment. Car wash bays, near I-5.
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    • $5,300,000

      Olympia Development Opportunity Available

      Development opportunity near schools, shopping, freeway, and transit.
      609-709 Sleater Kinney Rd NE, Olympia, WA 98503
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    • $595,000
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      Lacey Commercial Land for Development

      1.44 acres of flat land in Lacey Corporate Center.
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    • $329,000
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      Lacey Condo with Recent Renovations

      Turn-key, 2-bedroom condo in Lacey with convenient access to amenities.
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,300 SF

      Lacey Retail/Office Space Available

      Retail or office space with high visibility and ample parking.
      5707 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Lacey Center

      Retail space available in Lacey, Washington shopping center.
      1102 College St SE, Lacey, WA 98503
      View Details
    • $25 SF/Yr
      7,500 SF

      New Retail Space Available

      New construction retail space at high-traffic intersection, ready for occupancy.
      4047 Pacific Ave SE, Lacey, WA 98503
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    • $16 SF/Yr
      3,750 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
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    • $18 SF/Yr
      8,000 SF

      Retail Space Available For Lease

      8,000 square feet of retail space for lease.
      1200 Marvin Rd NE, Lacey, WA 98503
      View Details
    • $28 SF/Yr
      8,350 SF

      Retail Space on College Street

      Retail spaces available on high-traffic College Street near St. Martin's.
      805 College St SE | Lacey, Lacey, WA 98503
      View Details
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    665 Woodland Sq SE Loop
    Lacey, WA 98503-1009
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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