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    Property profile & analytics

    7520 Evelyne NE Ln Lacey, WA 98516-4508

    • Office Properties & Spaces
    • 7,198 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    $3,295,000
    Last Sale
    Mar 19, 2020
    $2,900,000
    Location Intelligence
    Property ID
    US90-1516339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 7520 Evelyne NE Ln

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.00 lot acres
    Property size
    7,198 SF
    Property type
    Office Properties & Spaces
    APN
    1180-23-20200
    APU
    11802320200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,085,000
      6.5%
      $3,130,000
      7%
      $2,655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,790,000
      Geo Method
      $2,955,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,030,000
      Retail
      $3,300,000
      Mixed-Use
      $2,830,000
      Hospitality
      $3,015,000
      Educational
      $2,665,000
      Residential Income
      $2,480,000
      Energy
      $3,155,000
      Income-Based Land
      $3,145,000
      Food Service
      $2,875,000

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.78
    Latitude
    47.0748
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,756
    $1,350,800
    $1,144,100
    $2,494,900
    -
    $1,350,800
    $1,144,100
    $2,494,900

    Comparable in this City

    • Value Estimation by Request
      11,650 SF

      8743 Commerce Pl NE Dr

      OFFICE (GENERAL) • 11,650 SF
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      View Details
    • Value Estimation by Request
      3,000 SF

      6282 Gravel NE Ln

      OFFICE (GENERAL) • 3,000 SF
      6282 Gravel NE Ln, Olympia, WA 98516
      View Details
    • Value Estimation by Request
      32,340 SF

      7961 29th NE Ave

      OFFICE (GENERAL) • 32,340 SF
      7961 29th NE Ave, Lacey, WA 98516-7102
      View Details
    • Value Estimation by Request
      63,920 SF

      2601 Willamette NE Dr

      OFFICE (GENERAL) • 63,920 SF
      2601 Willamette NE Dr, Lacey, WA 98516-1310
      View Details
    • Value Estimation by Request
      28,654 SF

      2641 Willamette NE Dr

      OFFICE (GENERAL) • 28,654 SF
      2641 Willamette NE Dr, Lacey, WA 98516-1360
      View Details
    • Value Estimation by Request
      12,800 SF

      8401 30th NE Ave

      OFFICE (GENERAL) • 12,800 SF
      8401 30th NE Ave, Lacey, WA 98516-7124
      View Details

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    Similar Nearby for Lease

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      Office space featuring private offices, conference room, and balconies.
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    • $0.60 SF/Yr
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      Lacey Warehouse Space Available

      61,430 SF warehouse space for lease in Lacey, WA.
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    • $0.72 SF/Yr
      17,000 SF

      High Visibility End Cap Space

      End cap space with abundant natural light and ample parking.
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      View Details
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    Lacey, WA 98516-4508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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