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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Grocery and convenience stores
7120 Steamboat Is NW Rd Olympia, WA 98502-9654
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0766585
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Construction
WOOD FRAME
Total area
1,440 SF
Lot
1.79 ac (77,972 SF)
APN
3602-00-20800
UPID
US90-0766585
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
-
Steamboat General Store Grocery & Convenience Store Food Market
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$550k
Owner & transaction history
Immanuel 2022 INC · 3 yrs held
Immanuel 2022 INC
since 2022
Last sale
$575,000
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
$540,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $575k (Dec 6 2022)
Last sale anchor
$575k
Dec 6 2022
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
$382 / 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
$3,875
Tax year 2023
Assessed value
$461,400
Assessed 2022
Previous assessed
$380,300
+21.3% YoY
Effective rate
0.84%
On assessed value
Assessed land
$192,800
Assessed improvement
$268,600
Land market value
$192,800
Improvement market value
$268,600
Total market value
$461,400
Applied tax rate
346.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
1,440 SF
Lot
1.79 ac (77,972 SF)
APN
3602-00-20800
UPID
US90-0766585
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
1982
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Immanuel 2022 INC
Entity
Mailing address
7120 STEAMBOAT IS RD NW OLYMPIA
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$575,000
Immanuel 2022 INC
Joon H Lee
Warranty Deed
$628,000 · Hanmi Bank
Nov 19, 2014
—
Joon H Lee
Chung,john E
Quit Claim Deed
related
—
Feb 19, 2009
—
John E Chung
Chang,inkyung
Quit Claim Deed
related
—
Aug 22, 2007
—
Inkyung Chang
Lee,joon H & In S
Quit Claim Deed
related
—
Aug 11, 2006
$400,000
Joon H Lee
Joo,young H
Warranty Deed
$440,000 · Pacific City Bank
Mar 30, 2004
$350,000
Young H Joo
Jerrells,neil A & Beverly B
Grant Deed
$80,000 · Neil A & Beverly B Jerrells
Mar 30, 2004
—
Younh H Joo
Kim,hyung S
Quit Claim Deed
related
—
Feb 2, 1998
$310,000
Neil Jerrells
Rawding,ross & Shelley
Grant Deed
$237,500 · Key Bank NA
Sep 13, 1994
$186,000
Rawding,ross & Shelley
Dekker,dirk & Eva D
Trustees Deed
—
Sep 12, 1994
$186,000
Rawding, Ross/shelley
Dekker, Eva Darliene
Trustees Deed
—
—
—
Ross Rawding
—
Deed Of Trust
related
$160,000 · Individual
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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