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    Property profile & analytics

    120 Rock Island Rd East Wenatchee, WA 98802

    • Drive through restaurants
    • 258 SF
    • 0.15 lot acres
    For Sale
    View listing
    $1,199,000
    Value Estimation
    Last Sale
    Aug 12, 2021
    $375,000
    Location Intelligence
    Property ID
    US90-1878314
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 120 Rock Island Rd

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    258 SF
    Zone code
    2
    Property type
    Drive through restaurants
    APN
    7300100401
    APU
    7300100401

    Description

    This exceptional turnkey business opportunity presents the chance to acquire the well-established "Larry's Drive In" restaurant located at 120 Rock Island Rd, East Wenatchee, WA 98802. The property, encompassing 0.26 acres (11,326 sq ft), includes a 472 sq ft building that underwent a complete renovation in 2023. The restaurant boasts a strong history, operating successfully for nearly 70 years, and currently enjoys 100% occupancy. The sale includes both land parcels. The property is zoned for Business, Commercial, and Retail use, and features a newly added milkshake machine and expanded space, contributing to increased profitability. Financial highlights include an asking price of $1,199,000, a net operating income (NOI) of $119,300, and a 9.95% cap rate. The original list price was $1,375,000. This is a rare opportunity to own a thriving, iconic restaurant with significant potential for continued growth in a desirable location. The property's APN is 07300100401,90500100503. The lease type is gross, and the tenancy is single. The building was originally constructed in 1954.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $360,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $310,000
      Mixed-Use
      $315,000
      Hospitality
      $420,000
      Educational
      $355,000
      Residential Income
      $380,000
      Energy
      $340,000
      Income-Based Land
      $325,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    East Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.289
    Latitude
    47.4033
    CBSA code
    48300
    CBSA name
    WENATCHEE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,411
    $86,200
    $85,400
    $171,600
    -
    $86,200
    $85,400
    $171,600

    Comparable in this City

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    • Value Estimation
      $410,000
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      226 Grant Rd

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    • Value Estimation by Request
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      501 Grant Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,810 SF
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    • Value Estimation
      $770,000
      2,884 SF

      179 Vly Mall Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,884 SF
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    • Value Estimation by Request
      3,316 SF

      390 Vly Mall Pkwy, Unit A

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,316 SF
      390 Vly Mall Pkwy, East Wenatchee, WA 98802-3809
      View Details
    • Value Estimation by Request
      2,365 SF

      12 Grant Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,365 SF
      12 Grant Rd, East Wenatchee, WA 98802-5328
      View Details

    Similar Nearby for Sale

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      East Wenatchee Restaurant - Turnkey Opportunity

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    Similar Nearby for Lease

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    120 Rock Island Rd
    East Wenatchee, WA 98802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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