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Property profile & analytics
OFF-MARKET
Estimated value
$7,355,000
Retail space
7800 Martin E Way, Olympia, WA 98516-5718
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2689337
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,912 SF
Lot
3.65 ac (158,994 SF)
APN
1181-13-30204
UPID
US90-2689337
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
-
Great Floors Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
$8.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.36M
Owner & transaction history
Mclacey LLC · 4 yrs held
Mclacey LLC
since 2022
Last sale
$7.4M
6 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
$6,960,000
ML approach
$6,485,000
CAP Approach
CAP Return
Estimation
6%
$9,235,000
6.5%
$8,525,000
7%
$7,915,000
Blend value · Realmo final
$7.36M
Range $6.62M – $8.09M · ±10% · vs last sale $7.40M (Mar 18 2022)
Last sale anchor
$7.40M
Mar 18 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
$160 / 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
$79,586
Tax year 2023
Assessed value
$7,897,900
Assessed 2022
Previous assessed
$5,830,800
+35.5% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,023,900
Assessed improvement
$5,874,000
Land market value
$2,023,900
Improvement market value
$5,874,000
Total market value
$7,897,900
Applied tax rate
239.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
45,912 SF
Lot
3.65 ac (158,994 SF)
APN
1181-13-30204
UPID
US90-2689337
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Mclacey LLC
Entity
Mailing address
13030 NE BEL RED RD, BELLEVUE, WA 98005-2623
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
Mclacey LLC
Ccm Investments LLC
Warranty Deed
$3,910,000 · Washington Trust Bank
Nov 6, 2018
—
Ccm Investments LLC
—
Deed
related
$5,250,000 · Wells Fargo Bk
Nov 2, 2018
—
Ccm Investment LLC
—
Deed
related
$5,250,000 · Wells Fargo Bank NA
Mar 14, 2005
$747,979
Triway Investments LLC
Thompson Unitrust
Warranty Deed
—
Mar 14, 2005
$2,348,649
Ccm Investments LLC
Thompson Unitrust
Trustees Deed
$1,300,000 · Us Bk
—
—
Ccm Investments LLC
—
Deed Of Trust
related
$5,250,000 · Wells Fargo Bk
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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