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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Retail properties & Spaces
1001 Miller St Wenatchee, WA 98801-1511
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-2053347
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1967
Total area
21,948 SF
Lot
1.45 ac (63,162 SF)
APN
222003585005
UPID
US90-2053347
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
Current use
Occupant on record · Public records
-
Town Chrysler Jeep Dodge Ram Parts Department Auto Parts Store
-
Town Chrysler Jeep Dodge Ram Service Department Auto Repair Shop
-
Town Chrysler Jeep Dodge Ram Car Dealership
-
Service Auto Repair Shop
-
Town - Ram Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$3.31M
Owner & transaction history
Tab Land Holding LLC · 6 yrs held
Tab Land Holding LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+23.0%
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 Wenatchee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wenatchee 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,680,000
6.5%
$3,395,000
7%
$3,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,210,000
Current use
OFFICE BUILDING
$5,175,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±10%
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
$151 / 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
$19,850
Tax year 2023
Assessed value
$2,247,341
Assessed 2022
Previous assessed
$1,483,885
+51.4% YoY
Effective rate
0.88%
On assessed value
Assessed land
$882,056
Assessed improvement
$1,365,285
Land market value
$882,056
Improvement market value
$1,365,285
Total market value
$2,247,341
Applied tax rate
802.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1967
Heating
NONE
Total area
21,948 SF
Lot
1.45 ac (63,162 SF)
APN
222003585005
UPID
US90-2053347
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
$4.2M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES Current
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
1967
Heating
NONE
Lot
1.45 ac
Current owner
From public records · entity-resolved
Tab Land Holding LLC
Entity
Free & Clear · 6 yrs held
Mailing address
500 3RD ST SE, EAST WENATCHEE, WA 98802-7821
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
$2,100,000
Tab Land Holding LLC
Dorey D O & R L L/tr
Grant Deed
related
—
Jan 9, 2012
—
Welty Joseph P & J M Liv Trust
Welty,joseph P
Quit Claim Deed
related
—
May 30, 2007
—
Dorey,d O & R L Living Trust
Dorey,david O & Rebecca L
Quit Claim Deed
related
—
Mar 18, 2005
—
Rebecca L Dorey
Welty J S JR & M L Trust
Quit Claim Deed
related
—
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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