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Property profile & analytics
OFF-MARKET
Retail space
109 Chelan Ave Waterville, WA 98858
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2397871
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
METAL FRAME
Total area
3,000 SF
Lot
0.13 ac (5,663 SF)
Zoning code
1
APN
11900300302
UPID
US90-2397871
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
Heritage Investments Of Wenatchee L · 4 yrs held
Heritage Investments Of Wenatchee L
since 2021
Last sale
$150,000
7 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
$994
Tax year 2023
Assessed value
$103,200
Assessed 2023
Previous assessed
$99,200
+4.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$18,400
Assessed improvement
$84,800
Land market value
$18,400
Improvement market value
$84,800
Total market value
$103,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
METAL FRAME
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Total area
3,000 SF
Lot
0.13 ac (5,663 SF)
Zoning code
1
APN
11900300302
UPID
US90-2397871
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
1981
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Heritage Investments Of Wenatchee L
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1645, WENATCHEE, WA 98807-1645
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
Dec 3, 2021
$150,000
Heritage Investments Of Wenatchee L
109 So Chelan LLC
Warranty Deed
—
Aug 27, 2019
—
109 South Chelan LLC
—
Deed
related
$133,452 · Gary W & Gina L Mullendore
Jan 20, 2017
$87,255
109 S Chelan LLC
Ludeman,joseph D
Warranty Deed
—
Jan 22, 2016
$75,000
Joe D Ludeman
Harrison,ronald D & Carolyn F
Warranty Deed
—
Feb 7, 2011
—
Joseph D Ludeman
Ludeman,keli J
Quit Claim Deed
related
—
Mar 28, 2008
$75,000
Joe D Ludeman
Harrison,ronald D & Carolyn F
Grant Deed
related
—
—
—
109 South Chelan LLC
—
Deed Of Trust
related
$133,452 · Gary W & Gina L Mullendore
—
—
Joseph D Ludeman
—
Deed Of Trust
related
$65,000 · North Cascades Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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