New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Apartment buildings
701 Alta SW St, Olympia, WA 98502-1200
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0397976
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Construction
WOOD FRAME
Total area
25,753 SF
Lot
12.58 ac (547,985 SF)
APN
1281-63-30100
UPID
US90-0397976
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
Current use
Occupant on record · Public records
-
Copper Trail Apartment Complex
-
ScyFi Jolene Ecorp. Art Studio
-
C&SS Automotive Co Auto Repair Shop Insurance Agency
-
Alta apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$3.27M
Owner & transaction history
Capital Heights LLC · 19 yrs held
Capital Heights LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±10%
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
$127 / 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
$14
Tax year 2023
Assessed value
$66,365,800
Assessed 2022
Previous assessed
$37,251,500
+78.2% YoY
Effective rate
0.00%
On assessed value
Assessed land
$5,592,100
Assessed improvement
$60,773,700
Land market value
$5,592,100
Improvement market value
$60,773,700
Total market value
$66,365,800
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Total area
25,753 SF
Lot
12.58 ac (547,985 SF)
APN
1281-63-30100
UPID
US90-0397976
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
Building & site characteristics
From public records
Year built
2014
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
12.58 ac
Current owner
From public records · entity-resolved
Capital Heights LLC
Entity
Mailing address
120 W CATALDO AVE STE #100, SPOKANE, WA 99201-3211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2009
—
Capital Heights LLC
—
Deed Of Trust
related
$4,200,000 · Key Bank NA
Mar 25, 2009
—
Capital Heights LLC
—
Trustees Deed
related
$4,200,000 · Key Bank NA
Feb 26, 2008
—
Capital Heights LLC
—
Trustees Deed
related
$2,162,250 · Key Bank NA
Oct 25, 2006
$1,750,000
Capital Heights LLC
Van Tre LLC
Warranty Deed
$2,037,750 · Key Bank NA
Sep 30, 2005
—
Green Grass & High Tides LLC
Arndt,kraig S & Gale L
Quit Claim Deed
related
—
May 21, 2004
$325,000
Kraig S Arndt
Pacific Coast Investments Co
Grant Deed
$229,098 · Fife Commercial Bank
Jan 23, 2004
—
Ronald E Fahey
Fahey,ronald E
Quit Claim Deed
related
—
Jul 18, 1994
—
Properties Four INC
Highland 99
Quit Claim Deed
related
—
Jul 8, 1991
—
Properties Four INC
Unknown
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 701 Alta SW St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
