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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Hotels
1117 Frnt St, Leavenworth, WA 98826-1431
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2012431
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1936
Total area
7,678 SF
Lot
0.42 ac (18,295 SF)
APN
241701676020
UPID
US90-2012431
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
$1.14M
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Wanderlust Hotel LLC · 5 yrs held
Wanderlust Hotel LLC
since 2020
Last sale
$834,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+76.7%
Industrial (general)
$1.1M
+60.4%
Auto repair, garage
$1.1M
+59.3%
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 Leavenworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leavenworth 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
$1,155,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$680,000
Current use
OFFICE BUILDING
$1,205,000
Change: +77% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,090,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,085,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: +51% · Conversion: Difficult
RESTAURANT
$885,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $834k (Jul 15 2020)
Last sale anchor
$834k
Jul 15 2020
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
$109 / 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
$5,912
Tax year 2023
Assessed value
$729,766
Assessed 2022
Previous assessed
$722,088
+1.1% YoY
Effective rate
0.81%
On assessed value
Assessed land
$441,840
Assessed improvement
$287,926
Land market value
$441,840
Improvement market value
$287,926
Total market value
$729,766
Applied tax rate
606.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1936
Heating
NONE
Total area
7,678 SF
Lot
0.42 ac (18,295 SF)
APN
241701676020
UPID
US90-2012431
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
HOTEL/MOTEL Current
Est. value
$680,000
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
RESTAURANT
Est. value
$885,000
RETAIL STORES
Est. value
$695,000
HOTEL/MOTEL Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
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
1936
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Wanderlust Hotel LLC
Entity
Mailing address
9704 RAINIER AVE S, SEATTLE, WA 98118-5937
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
$834,000
Wanderlust Hotel LLC
Evergreen Inn LLC
Warranty Deed
—
—
—
Evergreen Inn LLC
—
Deed Of Trust
related
$276,418 · Equity Ntwk
—
—
Evergreen Inn LLC
—
Deed Of Trust
related
$50,000 · Ncw Community 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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