Thurston County Assessor
Parcel Number: 38440001800
 
Situs Address: 502 MCPHEE RD 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 R Document 3380741
 
Date: 2/21/2026
 
Sect/Town/Range:17 18 2W
 
Size:0.09 Acres
UseCode:69 Warehouse
TCA Number:110
Neighborhood:2WEA
Property Type:WHS
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$99,600$33,600$34,700$37,400$41,900$55,600$57,500$48,500$49,500$44,900
Market Value Buildings$125,900$215,700$196,200$331,500$163,200$132,800$126,500$115,200$119,600$152,500
Market Value Total$225,500$249,300$230,900$368,900$205,100$188,400$184,000$163,700$169,100$197,400


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
STORAGE-WHSE19901320013200AVERAGEAVERAGE
   
 ---------- 
 3200
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
FENCE-CHLK-61990260AVERAGEAVERAGE

Land Characteristics

Land Flag5830
 
Lot Square Footage4048
 
Lot AcreageNot Listed
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)FE-FAIR EXPOSURE
FA-FAIR ACCESS
LT-LIGHT 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