Thurston County Assessor
Parcel Number: 78500100300
 
Situs Address: 415 CAPITOL WAY N
 
Owner: LEXMAR OLYMPIA LLC
Address:11520 NUCKOLS RD STE 101
 GLEN ALLEN, VA 23059
 
Taxpayer: LEXMAR OLYMPIA LLC
Address:11520 NUCKOLS RD STE 101
 GLEN ALLEN, VA 23059
 
Abbreviated Legal:Section 14 Township 18 Range 2W Plat SYLVESTER TOWN OF OLYMPIA BLA 981873OL TR A Document 3232581 TGW FCT
 
Associations:99002046338   DOUBLETREE BY HILTON
Date: 2/21/2026
 
Sect/Town/Range:14 18 2W
 
Size:1.38 Acres
UseCode:16 Hotel/Motel
TCA Number:110
Neighborhood:2HFB
Property Type:LDG
Taxable:YES
Active Exemptions:None
School District:OLYMPIA S.D. #111
 

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$1,424,000$1,396,600$2,036,800$2,075,000$2,677,200$1,632,500$1,852,100$1,532,300$2,326,700$1,782,300
Market Value Buildings$8,334,500$6,353,300$5,713,200$5,675,000$7,696,200$8,752,600$9,162,800$9,615,700$6,579,800$8,188,300
Market Value Total$9,758,500$7,749,900$7,750,000$7,750,000$10,373,400$10,385,100$11,014,900$11,148,000$8,906,500$9,970,600


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
HOTEL LIMITED SERV1999121262121262AVE/GOODAVERAGE
HOTEL LIMITED SERV1999222658122658AVE/GOODAVERAGE
HOTEL LIMITED SERV1999322658122658AVE/GOODAVERAGE
RECREATL POOL ENCL19991202612026AVE/GOODAVERAGE
   
 ---------- 
 68604
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
PVNG-ASPHALT199928290AVERAGEAVERAGE
SWIM-POOL-HOTEL/MOTL1999771GOODAVERAGE
PVNG-CONCRTE1999890AVERAGEAVERAGE

Land Characteristics

Land Flag6000
 
Lot Square Footage60113
 
Lot Acreage1.38
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)GA-GOOD ACCESS
LT-LIGHT TRAFFIC

Sales

Sale Date:06/28/202305/03/201803/31/2006
Price:$7,750,000$8,906,500$8,914,211
Excise:E033703740738349794
Sale Type:BARGAIN & SALE DEEDBARGAIN & SALE DEEDSTATUTRY WARNTY DEED
Recording Number:498207346244103821225
Seller:NHT OLYMPIA LLCPIH OLYMPIA LLCOLYMPIA INN PROPERTIES LLC
Buyer:LEXMAR OLYMPIA LLCNHT OLYMPIA LLCPIH OLYMPIA LLC
Multiple Parcel Sale:NNN
 
Sale Date:01/01/200305/18/1999
Price: $1,000,000
Excise:307854269393
Sale Type:QUIT CLAIM DEEDSTATUTRY WARNTY DEED
Recording Number:34959483232234
Seller:VIPS MOTOR INNS, INCCASCADE GROUP LTD, LP
Buyer:OLYMPIA INN PROPERTIES LLCVIPS INDUSTRIES, INC
Multiple Parcel Sale:NY
 

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