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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Apartment buildings
105 Lavender Ct Wenatchee, WA 98801-3856
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2037173
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
3,432 SF
Lot
1.3 ac (56,628 SF)
APN
222009110100
UPID
US90-2037173
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
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Wa Jolla LLC · 5 yrs held
Wa Jolla LLC
since 2021
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
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 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
$3,465,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.14M (Jan 14 2021)
Last sale anchor
$3.14M
Jan 14 2021
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
$959 / 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
$17,288
Tax year 2023
Assessed value
$1,956,945
Assessed 2022
Previous assessed
$1,928,182
+1.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$339,768
Assessed improvement
$1,617,177
Land market value
$339,768
Improvement market value
$1,617,177
Total market value
$1,956,945
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
4
Total area
3,432 SF
Lot
1.3 ac (56,628 SF)
APN
222009110100
UPID
US90-2037173
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
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Buildings
4
Lot
1.3 ac
Current owner
From public records · entity-resolved
Wa Jolla LLC
Entity
Mailing address
16425 NE 169TH PL, WOODINVILLE, WA 98072-8164
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$3,143,800
Wa Jolla LLC
Evergreen Property Management INC
Warranty Deed
$1,650,000 · Orix Real Estate Capital LLC
Oct 26, 2018
—
Evergreen Property Management INC
—
Deed
related
$720,000 · Cashmere Valley Bank
Jun 25, 2018
—
Evergreen Prop Mgmt INC
Park Circle Condo Homeowners A
Quit Claim Deed
related
—
Jan 9, 2009
$97,000
Victoria Chandler
Evergreen Property Mgmt INC
Warranty Deed
related
$77,600 · Cashmere Valley Bank
Nov 5, 2008
$100,000
Kevin K Kumagai
Evergreen Property Mgmt INC
Warranty Deed
—
Oct 28, 2008
$93,500
Susan Vandermescht
Evergreen Property Mgmt INC
Warranty Deed
—
Oct 10, 2008
$188,000
Lillian E Hammond
Evergreen Property Mgmt INC
Warranty Deed
—
Oct 6, 2008
$144,000
Kirsten Cheek
Evergreen Property Managment INC
Warranty Deed
$109,000 · Cashmere Valley Bank
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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