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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
9227 Blue Mtn SW Ln, Olympia, WA 98512-7679
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0403906
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2010
Construction
WOOD FRAME
Total area
4,608 SF
Lot
2.29 ac (99,752 SF)
APN
1271-63-40600
UPID
US90-0403906
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
-
Blue Mountain Mechanical Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$575k
Owner & transaction history
Blue Mountain Development LLC · 19 yrs held
Blue Mountain Development LLC
since 2006
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
$480,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$125 / 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
$31,255
Tax year 2023
Assessed value
$3,150,300
Assessed 2022
Previous assessed
$1,726,900
+82.4% YoY
Effective rate
0.99%
On assessed value
Assessed land
$714,800
Assessed improvement
$2,435,500
Land market value
$714,800
Improvement market value
$2,435,500
Total market value
$3,150,300
Applied tax rate
445.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
2
Total area
4,608 SF
Lot
2.29 ac (99,752 SF)
APN
1271-63-40600
UPID
US90-0403906
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
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.29 ac
Current owner
From public records · entity-resolved
Blue Mountain Development LLC
Entity
Mailing address
9227 BLUE MTN LN SW STE A, OLYMPIA, WA 98512-7680
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2017
—
Blue Mountain Dev LLC
—
Deed
related
$1,159,000 · Columbia St Bk
Sep 22, 2006
$381,250
Blue Mountain Development LLC
Jack S Armstrong
Warranty Deed
$312,000 · Anchor Bank
Jul 20, 2001
$125,000
Jack S Armstrong
First National Bank Trustee
Grant Deed
$93,750 · Heritage Savings Bank Fsb
Aug 24, 1999
$136,000
First Nationwide Mortgage Corp
Cooper,rich L & Danne T
Trustees Deed
related
—
Jan 31, 1996
$160,000
Rich L Cooper
Cox,theodore R & Sharon V
Grant Deed
$135,000 · First Franklin Financial Corp
—
—
Rich L Cooper
—
Deed Of Trust
related
$131,343 · Security State Bank
—
—
Blue Mountain Dev LLC
—
Loan Modification
related
$1,159,000 · Columbia St Bk
—
—
Blue Mountain Dev LLC
—
Deed Of Trust
related
$1,400,000 · West Coast Bank
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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