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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Grocery and convenience stores
9200 Littlerock SW Rd, Olympia, WA 98512-8587
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1811388
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1973
Construction
STEEL FRAME
Total area
6,000 SF
Lot
2.63 ac (114,563 SF)
APN
1271-73-30500
UPID
US90-1811388
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
-
Chevron Gas Station
-
Villa Grove Foodliner Grocery & Convenience Store Food Market
-
Hellfire Grounds Coffee Company Take-out & Catering Cafe & Coffee Shop
-
U-Haul Neighborhood Dealer Car Rental Facility
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.79M
Owner & transaction history
Yx Investment Group LLC · 5 yrs held
Yx Investment Group LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+40.8%
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
$3,430,000
ML approach
$3,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,205,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,100,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,070,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $2.65M (Aug 10 2020)
Last sale anchor
$2.65M
Aug 10 2020
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
$464 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$27,649
Tax year 2024
Assessed value
$2,624,200
Assessed 2023
Previous assessed
$3,153,800
-16.8% YoY
Effective rate
1.05%
On assessed value
Assessed land
$537,700
Assessed improvement
$2,086,500
Land market value
$537,700
Improvement market value
$2,086,500
Total market value
$2,624,200
Applied tax rate
471.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
2.63 ac (114,563 SF)
APN
1271-73-30500
UPID
US90-1811388
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
RETAIL STORES Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Yx Investment Group LLC
Entity
Mailing address
7609 50TH AVE NE, LACEY, WA 98516-4536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
—
Yk Investment Group LLC
—
Deed
related
$2,195,000 · First Citizens Bank & Trust Co
Aug 10, 2020
—
Yx Investment Group LLC
Villa Grove Foods INC
Quit Claim Deed
related
$2,400,000 · Velocitysba LLC
May 19, 2020
$2,654,000
Villa Grove Foods INC
Peter J Hwang
Warranty Deed
$2,400,000 · Velocitysba LLC
Sep 22, 2017
$1,959,719
Peter Jin Hwang
NA & NA INC
Warranty Deed
$1,753,500 · Hanmi Bank
Jun 29, 2006
$1,400,000
NA & NA INC
Chin,ho P
Warranty Deed
$1,560,000 · Mirae Bank
Mar 18, 1998
$86,902
Ho P Chin
Kim,chang C & Yoon S
Grant Deed
$800,000 · Wilshire State Bank
Feb 16, 1995
$600,000
Chang C Kim
Chang,yong W & Chun C
Grant Deed
related
$558,000 · Money Store Investment Corp
Jan 17, 1993
$300,000
Yong W Chang
Unknown
Grant Deed
—
—
—
Ho P Chin
—
Deed Of Trust
related
$100,000 · Washington First Int'l Bank
—
—
Yk Investment Group LLC
—
Loan Modification
related
$2,400,000 · Velocitysba LLC
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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