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Property profile & analytics
OFF-MARKET
Estimated value
$11,670,000
Office buildings
724 Quince SE St Olympia, WA 98501
Individually Owned
37-yr Hold
~
Est. High Equity
Property ID
US90-0806637
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
56,895 SF
Lot
1.74 ac (75,794 SF)
APN
7820-47-00600
UPID
US90-0806637
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
-
CV2 Olympia State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.16M
Comparable Approach
Comparable
$16.04M
Blend (final)
Blend
$11.67M
Owner & transaction history
Vine Street Investors · 37 yrs held
Vine Street Investors
since 1988
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.4M
+5.8%
Retail stores
$14.1M
+3.4%
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%
$13,175,000
6.5%
$12,160,000
7%
$11,290,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,600,000
Current use
COMMERCIAL (GENERAL)
$14,390,000
Change: +6% · Conversion: Easy
RETAIL STORES
$14,060,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$11.67M
Range $10.50M – $12.84M · ±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
$205 / 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
$135,207
Tax year 2023
Assessed value
$13,577,100
Assessed 2022
Previous assessed
$8,894,000
+52.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$816,000
Assessed improvement
$12,761,100
Land market value
$816,000
Improvement market value
$12,761,100
Total market value
$13,577,100
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
4
Total area
56,895 SF
Lot
1.74 ac (75,794 SF)
APN
7820-47-00600
UPID
US90-0806637
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$14.4M
RETAIL STORES
Est. value
$14.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Lot
1.74 ac
Current owner
From public records · entity-resolved
Vine Street Investors
Individual
Mailing address
PO BOX 430, ARLINGTON, WA 98223-0430
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2016
—
Vine Street Investors LLC
—
Deed
related
$6,492,500 · Coastal Community Bank
Dec 1, 2010
—
Vine Street Investors LLC
—
Deed Of Trust
related
$7,200,000 · Umpqua Bank
Jul 25, 2000
—
Vine Street Investors LLC
—
Deed Of Trust
related
$5,850,000 · Clarica Life Insurance Co
Dec 29, 1999
—
Vine Street Investors LLC
—
Deed Of Trust
related
$5,000,000 · Central Pacific Bank
Aug 18, 1988
$65,000
Vine Street Investors
Unknown
Grant Deed
—
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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