Financial
Distress signals
Property profile

724 Columbia St NW Olympia, WA 98501

FOR LEASE
Commercial land
Property ID
US90-0632751
0.56 ac lot
Last sale Nov 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This office suite features an open office layout designed for small-business use and includes access to a shared building conference room located across the hall. The building provides on-site parking for occupants. The suite is part of a multi-tenant building where common services are supported, including water, sewer, garbage, and janitorial services.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10
Tax billed · 2023
Assessed value · 2022$1.01M
Assessed land$1.01M
Effective rate0.00%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$10k
Operating expenses−$10k
NOI · 93,981.25% cap applied$30k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$253/SF
Submarket average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$125 – $425

Cap rate analysis

How does the asset earn?
93,981.25%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy15.6
HVAC Service12.4
Electrical Service11.2

Location

724 Columbia St NW Olympia, WA 98501
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 11 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1600 74th SW, Tumwater, WA 98501-5751 $2,900,000 Sep 2023 No data
222 Tumwater SW, Tumwater, WA 98501-5755 $40,000 May 2023 No data
810 78th SW, Tumwater, WA 98501-7265 $3,998,500 Nov 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message