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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Hotels
900 Capitol S Way, Olympia, WA 98501-1276
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0519706
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
WOOD FRAME
Total area
58,033 SF
Lot
1.09 ac (47,480 SF)
APN
7850-19-00100
UPID
US90-0519706
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
-
Olympia Home Remodeling Hardware & Home Improvement Interior Design
-
TownePlace Suites Olympia Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.08M
Owner & transaction history
Hc Olympia LLC · 12 yrs held
Hc Olympia LLC
since 2013
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,355,000
Current use
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$53 / 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
$121,485
Tax year 2023
Assessed value
$12,199,100
Assessed 2022
Previous assessed
$7,206,600
+69.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,340,800
Assessed improvement
$10,858,300
Land market value
$1,340,800
Improvement market value
$10,858,300
Total market value
$12,199,100
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
58,033 SF
Lot
1.09 ac (47,480 SF)
APN
7850-19-00100
UPID
US90-0519706
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
HOTEL/MOTEL Current
Est. value
$2.4M
HOTEL/MOTEL Current
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
1973
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
1.09 ac
Current owner
From public records · entity-resolved
Hc Olympia LLC
Entity
Mailing address
3926 AURORA AVE N, SEATTLE, WA 98103-7802
Ownership since
2013
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
Apr 3, 2025
—
Hc Olympia LLC
—
Deed
related
$8,000,000 · Banner Bank
Sep 9, 2013
$1,675,000
Hc Olympia LLC
Wib Properties-olympia I LLC
Grant Deed
—
Feb 4, 2011
—
Wib Properties-olympia I LLC
Whidbey Island Bk
Grant Deed
—
Feb 4, 2011
$4,500,000
Whidbey Island Bk
Christianson Marc T
Trustees Deed
related
—
Sep 5, 2008
$4,500,000
Mire Investment INC
Lee,tae H & Kyoung
Warranty Deed
—
Jun 29, 2006
$4,500,000
Tae H Lee
Kumar,rakesh
Warranty Deed
$4,800,000 · City Bank
Sep 23, 2005
$3,315,000
Rakesh Kumar
Park,kim C
Warranty Deed
$3,251,131 · City Bank
Jan 31, 2003
$2,500,000
Kim C Park
Bwaminn Resort INC
Grant Deed
$2,570,000 · City Bank
Jun 4, 1990
$3,050,000
Dong I Chung
Unknown
Grant Deed
—
—
—
Rakesh Kumar
—
Deed Of Trust
related
$358,477 · City Bank
—
—
Rakesh Kumar
—
Deed Of Trust
related
$306,687 · City Bank
—
—
Mire Investment INC
—
Deed Of Trust
related
$100,000 · Michele Pennington
—
—
Dong I Chung
—
Deed Of Trust
related
$1,865,000 · Washington First Int'l Bank
—
—
Mire Investment INC
—
Deed Of Trust
related
$257,126 · City Bank
—
—
Hc Olympia LLC
—
Deed Of Trust
related
$6,000,000 · First Fed'l S&l Assoc/port Ang
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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