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Property profile & analytics
OFF-MARKET
Office Spaces
104 Chelan Ave Waterville, WA 98858-5801
Individually Owned
Free & Clear
Property ID
US90-2085568
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,450 SF
Lot
0.04 ac (1,742 SF)
Zoning code
1
APN
10700402801
UPID
US90-2085568
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jason A Jones
Jason A Jones
since 2025
Last sale
$170,000
4 recorded transactions
Zoning & alternative use
1 · Waterville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$542
Tax year 2023
Assessed value
$56,300
Assessed 2023
Previous assessed
$53,900
+4.5% YoY
Effective rate
0.96%
On assessed value
Assessed land
$5,700
Assessed improvement
$50,600
Land market value
$5,700
Improvement market value
$50,600
Total market value
$56,300
Applied tax rate
15.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
1,450 SF
Lot
0.04 ac (1,742 SF)
Zoning code
1
APN
10700402801
UPID
US90-2085568
Jurisdiction
DOUGLAS
Zoning & alternative use
1 · Waterville, WAZoning 1 · permitted uses
1 · Waterville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Jason A Jones
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 322, WATERVILLE, WA 98858-0322
Ownership since
2025
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
Oct 27, 2025
$170,000
Jason A Jones
Erik Vasquez Ramjua
Warranty Deed
—
Oct 13, 2022
$140,000
Erik Vasquez Ramjun
Guy C Willett
Warranty Deed
$100,000 · Guy C Willett Etux
Apr 12, 2017
—
Willett INC
—
Deed
related
—
Dec 11, 2007
$74,673
Willett INC
North Cascades National Bank
Warranty Deed
—
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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