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Property profile & analytics
OFF-MARKET
Estimated value
$4,480,000
Retail space
168 Wapato Ct Manson, WA 98831-8500
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2726363
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
26,964 SF
Lot
1.67 ac (72,745 SF)
APN
282135930030
UPID
US90-2726363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.78M
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$4.48M
Owner & transaction history
168 Wapato LLC · 2 yrs held
168 Wapato LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+18.7%
Commercial (general)
$7.1M
+16.4%
Apartment house (5+ units)
$6.9M
+13.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Manson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,955,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
$4,520,000
6.5%
$4,175,000
7%
$3,875,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,060,000
Current use
AUTO REPAIR, GARAGE
$7,195,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,050,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,885,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$6,620,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±10% · vs last sale $4.11M (Dec 18 2023)
Last sale anchor
$4.11M
Dec 18 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,425
Tax year 2023
Assessed value
$5,079,329
Assessed 2022
Previous assessed
$4,682,130
+8.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$436,471
Assessed improvement
$4,642,858
Land market value
$436,471
Improvement market value
$4,642,858
Total market value
$5,079,329
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
NONE
Total area
26,964 SF
Lot
1.67 ac (72,745 SF)
APN
282135930030
UPID
US90-2726363
Jurisdiction
CHELAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
1.67 ac
Current owner
From public records · entity-resolved
168 Wapato LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$4,106,429
168 Wapato LLC
Avatar Reit I LLC
Warranty Deed
$4,300,000 · Avatar Reit I LLC
Sep 22, 2023
$5,736,754
Avatar Reit Illc
Melo Properties LLC
Trustees Deed
related
—
Jan 30, 2023
—
Melo Properties LLC
—
Deed
related
—
Dec 21, 2022
—
Eastern Wa Construction INC
—
Deed
related
$700,000 · Simpson & Simpson Properties LLC
Oct 20, 2021
—
Melo Properties LLC
Eastern Wa Construction INC
Quit Claim Deed
related
$4,875,000 · Avatar Reit I LLC
Mar 12, 2021
—
Eastern Wa Construction INC
—
Deed
related
$280,000 · Delta Inn INC
Apr 20, 2020
—
Eastern Wa Construction INC
—
Deed
related
$70,000 · Delta Inn INC
Jun 21, 2019
—
Eastern Wa Construction INC
—
Deed
related
$2,000,000 · Delta Inn INC
Nov 30, 2018
$495,000
Eastern Wa Construction INC
Stevens Properties LLC
Warranty Deed
$50,000 · Christine M Matthews
—
—
Eastern Wa Construction INC
—
Deed Of Trust
related
$2,000,000 · Delta Inn INC
—
—
Eastern Wa Construction INC
—
Loan Modification
related
$70,000 · Delta Inn INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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