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Property profile & analytics
OFF-MARKET
Estimated value
$3,860,000
Industrial properties
9705 Lathrop Industrial SW Dr Olympia, WA 98512-9188
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1075829
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
23,288 SF
Lot
1.83 ac (79,715 SF)
APN
5861-00-00500
UPID
US90-1075829
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
-
Interior Wood Products Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.86M
Owner & transaction history
Iwp Holdings LLC · 2 yrs held
Iwp Holdings LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+32.2%
Restaurant
$3.3M
+13.0%
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
$4,440,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
$3,150,000
6.5%
$2,905,000
7%
$2,700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,945,000
Current use
AUTO REPAIR, GARAGE
$3,895,000
Change: +32% · Conversion: Easy
RESTAURANT
$3,330,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,910,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$2,730,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$3.86M
Range $3.47M – $4.25M · ±10% · vs last sale $3.75M (Nov 8 2023)
Last sale anchor
$3.75M
Nov 8 2023
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
$166 / 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
$24,056
Tax year 2023
Assessed value
$2,423,900
Assessed 2022
Previous assessed
$1,684,100
+43.9% YoY
Effective rate
0.99%
On assessed value
Assessed land
$360,400
Assessed improvement
$2,063,500
Land market value
$360,400
Improvement market value
$2,063,500
Total market value
$2,423,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
23,288 SF
Lot
1.83 ac (79,715 SF)
APN
5861-00-00500
UPID
US90-1075829
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1999
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Iwp Holdings LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2023
$3,750,000
Iwp Holdings LLC
David F Newlean
Warranty Deed
$5,519,709 · David Newlean Etux
Apr 22, 1999
—
David F Newlean
—
Grant Deed
related
$725,000 · Heritage Bank
Oct 24, 1997
$77,500
David F Newlean
Town & Country Marker Psp
Grant Deed
—
—
—
David F Newlean
—
Deed Of Trust
related
$425,000 · Heritage Bank
—
—
David F Newlean
—
Deed Of Trust
related
$420,000 · Heritage Bank
—
—
David F Newlean
—
Deed Of Trust
related
$783,760 · Heritage Bank
—
—
David F Newlean
—
Deed Of Trust
related
$400,000 · Heritage Bank
—
—
David F Newlean
—
Deed Of Trust
related
$400,000 · Heritage Bank
—
—
David F Newlean
—
Deed Of Trust
related
$95,000 · Heritage Savings Bank Fsb
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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