Thurston County Assessor
Parcel Number: 78502400700
 
Situs Address: 204 5TH AVE SE
 
Owner: JACE INVESTMENT PROPERTIES LLC
Address:4018 262ND AVE SE
 SAMMAMISH, WA 98029
 
Taxpayer: JACE INVESTMENT PROPERTIES LLC
Address:4018 262ND AVE SE
 SAMMAMISH, WA 98029
 
Abbreviated Legal:Section 14 Township 18 Range 2W Quarter NE SW Plat SYLVESTER TOWN OF OLYMPIA BLK 24 LT 8 Document 1/14 LESS 1/2 BUILDING (THEATRE TO 701)
 
Associations:99002163758    EMBER GOODS LLC
 99002133047    RUMORS WINE BAR
Date: 2/21/2026
 
Sect/Town/Range:14 18 2W
 
Size:0.17 Acres
UseCode:53 Retail - General Mrchds
TCA Number:110
Neighborhood:5RFB
Property Type:RTL
Taxable:YES
Active Exemptions:None
School District:OLYMPIA S.D. #111
 
Water Source:PUBLIC
Sewer Type:SEWER

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$521,500$362,500$330,600$258,700$365,400$224,200$277,000$290,600$370,100$371,750
Market Value Buildings$1,573,500$1,850,000$1,819,100$2,040,600$1,705,700$1,489,900$1,169,800$1,190,000$912,100$1,023,900
Market Value Total$2,095,000$2,212,500$2,149,700$2,299,300$2,071,100$1,714,100$1,446,800$1,480,600$1,282,200$1,395,650

Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
OFFICE19202720017200AVERAGEAVERAGE
RETAIL-STORE19201697216972AVERAGEAVERAGE
   
 ---------- 
 14172
 
 

Land Characteristics

Land Flag6000
 
Lot Square Footage7209
 
Lot Acreage0.17
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)No Influences Listed

Sales

Sale Date:06/22/202203/16/201603/24/2011
Price:$2,206,185$1,580,000$950,000
Excise:E027336730338368858
Sale Type:STATUTRY WARNTY DEEDSTATUTRY WARNTY DEEDSTATUTRY WARNTY DEED
Recording Number:493963944925754205740
Seller:OLYMPIA CAPITOL THEATER BUILDING LLCCAPITOL THEATRE BUILDING LLCGREEN TEA INC
Buyer:JACE INVESTMENT PROPERTIES LLCOLYMPIA CAPITOL THEATER BUILDING LLCCAPITOL THEATRE BUILDING LLC
Multiple Parcel Sale:NNN
 
Sale Date:08/31/201003/31/2008
Price:$300,000$700,000
Excise:512505363977
Sale Type:STATUTRY WARNTY DEEDSTATUTRY WARNTY DEED
Recording Number:41683454000135
Seller:GREEN TEA INCCROW ANDREW
Buyer:OLYMPIA FILM SOCIETYGREEN TEA 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