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Property profile & analytics
OFF-MARKET
Estimated value
$14,270,000
Retail space
1102 Springwater Ave Wenatchee, WA 98801-1548
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1898024
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1997
Total area
97,509 SF
Lot
5.71 ac (248,728 SF)
APN
232033493078
UPID
US90-1898024
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
-
Target Department Store
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.09M
Comparable Approach
Comparable
$17.93M
Blend (final)
Blend
$14.27M
Owner & transaction history
Kellogg Vly N Prop LLC · 7 yrs held
Kellogg Vly N Prop LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.0M
+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%
$16,345,000
6.5%
$15,090,000
7%
$14,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$18,700,000
Current use
OFFICE BUILDING
$22,995,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$14.27M
Range $12.84M – $15.70M · ±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
$146 / 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
$84,477
Tax year 2023
Assessed value
$9,550,033
Assessed 2022
Previous assessed
$8,874,131
+7.6% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,989,821
Assessed improvement
$7,560,212
Land market value
$1,989,821
Improvement market value
$7,560,212
Total market value
$9,550,033
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 space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1997
Heating
NONE
Total area
97,509 SF
Lot
5.71 ac (248,728 SF)
APN
232033493078
UPID
US90-1898024
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
$18.7M
OFFICE BUILDING
Est. value
$23.0M
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
1997
Heating
NONE
Lot
5.71 ac
Current owner
From public records · entity-resolved
Kellogg Vly N Prop LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
Valley North Center LLC
—
Deed
related
$13,900,000 · Key Bank NA
Apr 1, 2020
—
Valley North Center LLC
—
Deed
related
$13,900,000 · Keybank USA
Feb 26, 2019
—
Kellogg Vly N Prop LLC
Kellogg Ralph D Trust
Correction Deed
related
—
Jun 29, 2017
—
Kellogg Valley North Property
Kellogg Ralph D Trust
Quit Claim Deed
related
—
Jun 21, 2017
—
Kellogg,david B Trust
Kellogg David B & Helen M
Quit Claim Deed
related
—
Dec 6, 2012
—
Valley North Center LLC
Valley North Capital LLC
Quit Claim Deed
—
—
—
Valley North Capital LLC
—
Deed Of Trust
related
$10,474,619 · Wells Fargo Bk NA 2004-c5 (te)
—
—
Valley North Center LLC
—
Loan Modification
related
$13,900,000 · Keybank USA
—
—
Valley North Center LLC
—
Deed Of Trust
related
$12,500,000 · Keybank USA
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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