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Property profile & analytics
OFF-MARKET
Office buildings
905 Plum SE St Olympia, WA 98501-1514
Entity Owned
~
Est. High Equity
Property ID
US90-1264706
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
WOOD FRAME
Total area
45,484 SF
Lot
4.5 ac (196,020 SF)
APN
7820-36-00100
UPID
US90-1264706
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
-
HDR Engineering Consultant Architecture Firm
-
Washington State University Energy Program Library Publishing House
-
Olympia Roofing Contractors Roofing Company General Contractor
-
Washington State University Energy Program Academic Department
-
Northwest CHP Technical Assistance Partnership Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thurston County
Thurston County
since 2025
Last sale
$34.1M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$243,496
Tax year 2023
Assessed value
$24,451,800
Assessed 2022
Previous assessed
$18,368,500
+33.1% YoY
Effective rate
1.00%
On assessed value
Assessed land
$5,580,900
Assessed improvement
$18,870,900
Land market value
$5,580,900
Improvement market value
$18,870,900
Total market value
$24,451,800
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
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
4
Total area
45,484 SF
Lot
4.5 ac (196,020 SF)
APN
7820-36-00100
UPID
US90-1264706
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
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Lot
4.5 ac
Current owner
From public records · entity-resolved
Thurston County
Entity
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
$34,107,360
Thurston County
Vine Street Associates LLC
Warranty Deed
—
Feb 2, 2022
—
State Of Washington Dept Of Commerc
Vine Street Associates
Lease
—
Feb 1, 2022
—
State Of Washington
Vine Street Associates A Washington
Lease
—
Dec 27, 2016
—
Vine Street Associates LLC
—
Deed
related
$58,000,000 · Wells Fargo Bank NA
Nov 21, 2014
—
Vine Street Associates LLC
—
Loan Modification
related
$100,042,760 · Us Bk
Jul 14, 2009
—
Vine Street Associates LLC
—
Grant Deed
related
$40,000,000 · Central Pacific Bank
May 18, 1995
—
Vine Street Associates
—
Grant Deed
related
$800,000 · Us Bank Of Washington
—
—
Vine Street Associates LLC
—
Deed Of Trust
related
—
—
—
Vine Street Associates
—
Deed Of Trust
related
$800,000 · Us Bank Of Washington
—
—
Vine Street Associates LLC
—
Deed Of Trust
related
$9,600,000 · General American Life Ins
—
—
Vine Street Associates LLC
—
Deed Of Trust
related
$40,892,760 · Us Bank NA
—
—
Vine Street Associates LLC
—
Deed Of Trust
related
$1,500,000 · Us Bank NA
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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