Thurston County Assessor
Parcel Number: 78505600100
 
Situs Address: 505 LEGION WAY SE
 
Owner: URBAN OLYMPIA 11A LLC
Address:PO BOX 7534
 OLYMPIA, WA 98507-7534
 
Taxpayer: URBAN OLYMPIA 11A LLC
Address:PO BOX 7534
 OLYMPIA, WA 98507-7534
 
Abbreviated Legal:Section 14 Township 18 Range 2W Quarter SW SE & NW SE Plat SYLVESTER TOWN OF OLYMPIA BLK 56 LT 1 & 2 Document 001/014 ALSO SWANS ADDITION TO OLYMPIA 002/015 LT 2 S2 LYING WLY OF LN
 
Date: 2/21/2026
 
Sect/Town/Range:14 18 2W
 
Size:0.36 Acres
UseCode:53 Retail - General Mrchds
TCA Number:110
Neighborhood:5RFB
Property Type:RTL
Total Living Units:57
Taxable:YES
Active Exemptions:Multi Family Urban Housing
School District:OLYMPIA S.D. #111
 
Water Source:PUBLIC
Sewer Type:SEWER

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$750,100$565,300$448,300$406,800$557,100$357,600$341,500$287,900$507,900$309,050
Market Value Buildings$5,725,400$5,755,600     $49,000$51,800$66,700
Market Value Total$6,475,500$6,320,900$448,300$406,800$557,100$357,600$341,500$336,900$559,700$375,750


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
APARTMENTS2024211530111530AVERAGEAVERAGE
APARTMENTS2024311530111530AVERAGEAVERAGE
APARTMENTS2024411530111530AVERAGEAVERAGE
PARKG-STRUCT2024110978110978AVERAGEAVERAGE
RETAIL-STORE20241294612946AVERAGEAVERAGE
   
 ---------- 
 48514
 
 

Land Characteristics

Land Flag6000
 
Lot Square Footage15653
 
Lot Acreage0.36
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)MT-MOD-TRAFFIC

Sales

Sale Date:09/28/202104/11/201707/30/1999
Price:$1,000,000$463,125$195,000
Excise:E020368532239271710
Sale Type:STATUTRY WARNTY DEEDSTATUTRY WARNTY DEEDSTATUTRY WARNTY DEED
Recording Number:488799345608763246566
Seller:KOLB BRYAN M & KATHLEEN RBETSCHART DAVIDLARMER INC
Buyer:URBAN OLYMPIA 11A LLCKOLB BRYAN M & KATHLEEN RBETSCHART DAVID
Multiple Parcel Sale:NNN
 
Sale Date:09/19/1997
Price:$185,000
Excise:253670
Sale Type:STATUTRY WARNTY DEED
Recording Number:3113687
Seller:US BANK OF WA
Buyer:LARMER INC
Multiple Parcel Sale:N
 

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