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Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Industrial properties
7380 Linderson SW Way Tumwater, WA 98501-5702
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1619354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
STEEL FRAME
Total area
3,218 SF
Lot
173.31 ac (7,549,384 SF)
APN
1271-01-00000
UPID
US90-1619354
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
Department Of Enterprise Services · 1 yrs held
Department Of Enterprise Services
since 2025
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$370k
Range $333k – $407k · ±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
$115 / 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
$66
Tax year 2023
Assessed value
$14,701,400
Assessed 2022
Previous assessed
$20,328,100
-27.7% YoY
Effective rate
0.00%
On assessed value
Assessed land
$14,034,000
Assessed improvement
$667,400
Land market value
$14,034,000
Improvement market value
$667,400
Total market value
$14,701,400
Applied tax rate
440.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
3,218 SF
Lot
173.31 ac (7,549,384 SF)
APN
1271-01-00000
UPID
US90-1619354
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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
173.31 ac
Current owner
From public records · entity-resolved
Department Of Enterprise Services
Entity
Mailing address
606 COLUMBIA ST NW STE #300, OLYMPIA, WA 98501-9001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Department Of Enterprise Services
Port Of Olympia
Deed
—
May 14, 2018
—
Department Of Ent Services
Port Of Olympia
Grant Deed
related
—
Jul 11, 1994
$444,523
Olympia Port
Airport Facilities INC
Quit Claim Deed
related
—
—
—
Airdustrial Mini-storage
—
Deed Of Trust
related
$506,250 · Olympia Federal S&l Assn
—
—
Harbor Wholesale Grocery INC
—
Deed Of Trust
related
$900,000 · Seafirst Bank
—
—
Lee Ingrim
—
Deed Of Trust
related
$379,305 · Olympia Federal S&l Assn
—
—
Guest Tumwater LLC
—
Deed Of Trust
related
$250,000 · Kitsap Bank
—
—
Bruin Development LLC
—
Deed Of Trust
related
$337,500 · Anchor Savings Bank
—
—
Center Street Carting LLC
—
Deed Of Trust
related
$2,350,000 · Thurston First Bank
—
—
Guest Tumwater LLC
—
Deed Of Trust
related
$2,650,000 · Kitsap Bank
—
—
J/4 Associates
—
Deed Of Trust
related
$200,000 · Anchor Savings Bank
—
—
Harbor Wholesale Grocery INC
—
Deed Of Trust
related
$900,000 · Bank Of America
—
—
Harbor Wholesale Grocery INC
—
Deed Of Trust
related
$1,300,000 · Bank Of America
—
—
Soloy Corp
—
Deed Of Trust
related
$650,000 · Ssw LLC
—
—
Columbus Properties LLC
—
Deed Of Trust
related
$1,005,000 · Us 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.
Try Rey
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