621 CapitolOlympia, WA 98501

  • Hospitality properties
  • 101,305 SF
Off market
$10,741,000 Estimated

Property Details for 621 Capitol

Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.80 AC
Property size (Sq ft)
101,305 SF
Property type
Hospitality properties
Property subtype
Hotels
APN
7850-07-00500
APU
78500700500

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $31,137,034
    6.5%
    $28,741,876
    7%
    $26,688,886
  • Comparable approach

    Method
    Valuation
    Relative Method
    $63,840,920
    Geo Method
    $45,846,896
  • Alternative Use

    Use
    Valuation
    Residential
    $31,377,780
    Hospitality
    $28,741,876
    Educational
    $23,912,904
    Medical
    $24,735,306
    Retail
    $37,197,852
621 Capitol, Olympia, Washington

Location Insight

City
Olympia
County
Thurston
State
Washington
Latitude
47.0425
Longitude
-122.902
CBSA code
36500
CBSA name
OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$106,966
$1,327,600
$9,413,400
$10,741,000
-
$1,327,600
$9,413,400
$10,741,000

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