Thurston County Assessor
Parcel Number: 38440000700
 
Situs Address: 3900 CAPITAL MALL DR SW
 
Owner: MULTICARE HEALTH SYSTEM
Address:PO BOX 5299
 TACOMA, WA 98415
 
Taxpayer: MULTICARE HEALTH SYSTEM
Address:PO BOX 5299
 TACOMA, WA 98415
 
Abbreviated Legal:Section 17 Township 18 Range 2W Binding Site Plan CAPITAL MEDICAL CTR - BSP AMENDED TR G Document 4661677
 
Associations:99002199122    AMN HEALTHCARE LANGUAGE SERVICES INC
 99002163644    MASIMO CORPORATION
 99000980900   MULTICARE CAPITAL MEDICAL CENTER
 99002171023    MULTICARE HEALTH SYSTEM
Date: 2/21/2026
 
Sect/Town/Range:17 18 2W
 
Size:2.62 Acres
UseCode:65 Service - Professional
TCA Number:110
Neighborhood:09EA
Property Type:HOS
Taxable:YES
Active Exemptions:DoR Institutional
School District:OLYMPIA S.D. #111
 
Water Source:PUBLIC
Sewer Type:SEWER

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$1,907,800$910,500$834,400$639,700$882,400$1,598,500$1,503,000$973,800$1,377,200$1,022,300
Market Value Buildings$66,815,100$68,627,500$62,084,500$62,200,900$43,089,400$39,671,000$35,871,700$33,063,400$32,652,900$26,829,300
Market Value Total$68,722,900$69,538,000$62,918,900$62,840,600$43,971,800$41,269,500$37,374,700$34,037,200$34,030,100$27,851,600


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
GENRL-HOSPTL1984197025197025GOODAVERAGE
GENRL-HOSPTL1984218908118908GOODAVERAGE
GENRL-HOSPTL1984317862117862GOODAVERAGE
GENRL-HOSPTL1984417862117862GOODAVERAGE
   
 ---------- 
 151657
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
IND-INCNRTOR1984 AVERAGEAVERAGE

Land Characteristics

Land Flag5830
 
Lot Square Footage114155
 
Lot Acreage2.62
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)MT-MOD-TRAFFIC

Sales

Sale Date:12/20/202107/21/2016
Price:$135,000,000$101,305,777
Excise:E022629383594
Sale Type:SPECIAL WARRNTY DEEDSPECIAL WARRNTY DEED
Recording Number:49052404513668
Seller:MPT OF OLYMPIA CAPELLA LLCCOLUMBIA CAPITAL MEDICAL CENTER L P
Buyer:MULTICARE HEALTH SYSTEMMPT OF OLYMPIA CAPELLA LLC
Multiple Parcel Sale:YY
 

The Assessor's Office maintains property records on approximately 112,000 parcels in Thurston County for tax purposes. Though records are updated regularly, the accuracy and timeliness of published data cannot be guaranteed. Any person or entity that relies on information obtained from this website does so at his or her own risk. Neither Thurston County nor the Assessor will be held liable for damage or losses caused by use of this information. All critical information should be independently verified.
 

Office of the Assessor

Steven J. Drew, Assessor
3000 Pacific Ave SE, Olympia WA 98501
Customer Service (360)867-2200 -- Fax (360)867-2201 -- TDD (360)754-2933