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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Apartment buildings
711 13th SE Ave Olympia, WA 98501-2484
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1094252
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD FRAME
Total area
17,312 SF
Lot
0.61 ac (26,572 SF)
APN
7830-61-00300
UPID
US90-1094252
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
-
Cedar Pointe Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Cedar Pointe Apartments Lllp · 10 yrs held
Cedar Pointe Apartments Lllp
since 2016
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%
$3,620,000
6.5%
$3,340,000
7%
$3,100,000
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$160 / 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
$44,124
Tax year 2023
Assessed value
$4,430,200
Assessed 2022
Previous assessed
$1,972,800
+124.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$407,200
Assessed improvement
$4,023,000
Land market value
$407,200
Improvement market value
$4,023,000
Total market value
$4,430,200
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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
30
Total area
17,312 SF
Lot
0.61 ac (26,572 SF)
APN
7830-61-00300
UPID
US90-1094252
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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
2
Bathrooms
30
Lot
0.61 ac
Current owner
From public records · entity-resolved
Cedar Pointe Apartments Lllp
Entity
Mailing address
15421 CHEMICAL LN, HUNTINGTON BEACH, CA 92649-1219
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2016
—
Cedar Pointe Apartments Lllp
Atkins Invs
Quit Claim Deed
related
—
Mar 28, 2014
$4,195,000
Atkinson Investment LP
Ingrim,lee A & Jana R
Warranty Deed
—
Oct 31, 2013
—
Lee A Ingrim
—
Trustees Deed
related
$53,000 · Dane R Deforest
Jun 1, 2009
$3,978,000
Lee A Ingrim
Donald L Herbert
Warranty Deed
$3,040,000 · Olympia Fsla
Mar 14, 2002
$106,500
Darrell D Dickinson
Sternagel,chris & Iola G
Grant Deed
$96,500 · Chris & Iola G Sternagel
Jan 10, 1989
$1,300,000
Donald L Herbert
Unknown
Grant Deed
—
—
—
Donald L Herbert
—
Deed Of Trust
related
$249,950 · Heritage Savings Bank Fsb
—
—
Donald L Herbert
—
Deed Of Trust
related
$1,300,000 · Heritage 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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