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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Apartment buildings
1301 Walla Walla Ave Wenatchee, WA 98801-1997
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2029091
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
15,072 SF
Lot
1.12 ac (48,787 SF)
APN
232034857055
UPID
US90-2029091
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
-
Cornerstone Home Lending, Inc. Wenatchee Loan Service Bank
-
Home Loans with Nanette Ashmore Loan Service Bank
-
BRADEN DRAGGOO, CEO Founder - Draggoo Financial Group Financial Advisor
-
Draggoo Financial Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Three Fathers LLC · 8 yrs held
Three Fathers LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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
$5,866
Tax year 2023
Assessed value
$662,708
Assessed 2022
Previous assessed
$412,200
+60.8% YoY
Effective rate
0.89%
On assessed value
Assessed land
$487,872
Assessed improvement
$174,836
Land market value
$487,872
Improvement market value
$174,836
Total market value
$662,708
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
2018
Heating
NONE
Total area
15,072 SF
Lot
1.12 ac (48,787 SF)
APN
232034857055
UPID
US90-2029091
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
2018
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Three Fathers LLC
Entity
Mailing address
1301 WALLA WALLA AVE STE A, WENATCHEE, WA 98801-1997
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Three Feathers LLC
—
Deed
related
$3,300,000 · Peoples Bank
Oct 7, 2019
—
Braden L Draggon
—
Deed
related
$590,000 · Glacier Bank
Jan 30, 2019
—
Braden L Draggoo
—
Deed
related
$100,000 · Peoples Bank
May 29, 2018
—
Three Fathers LLC
City Of Wenatchee
Quit Claim Deed
related
—
Dec 19, 2017
—
Braden L Draggoo
City Of Wenatchee
Quit Claim Deed
related
—
Dec 8, 2017
—
Braden L Draggoo
—
Grant Deed
related
$2,300,000 · Peoples Bk
Dec 5, 2017
—
Three Feathers LLC
Draggoo,braden L
Warranty Deed
—
Jun 15, 2017
$716,499
Braden L Draggo
Cetto,timothy E & Janet
Warranty Deed
—
Jan 24, 2017
—
Robert Parlette
Cetto,timothy & Janet
Grant Deed
—
Jun 24, 2009
$180,000
Timothy J Cetto
Zielinski,randall J & Lisa
Warranty Deed
—
Feb 22, 2007
$355,000
Timothy E Cetto
Richardson Family Living Trust L
Warranty Deed
$180,000 · Timothy E & Janet Cetto
Dec 6, 2005
—
2005 Richardson Family Trust
Richardson,george G & Donna M
Quit Claim Deed
related
—
—
—
Timothy E Cetto
—
Loan Modification
related
$350,000 · Washington Trust Bank
—
—
Timothy J Cetto
—
Deed Of Trust
related
$101,002 · Washington Trust Bank
—
—
Timothy E Cetto
—
Deed Of Trust
related
$120,000 · Washington Trust Bank
—
—
Cetto,timothy E & Janet E
—
Loan Modification
related
$500,000 · Washington Tr 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.
Try Rey
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