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Property profile & analytics
OFF-MARKET
Estimated value
$12,265,000
Retail space
1340 Wenatchee Ave Wenatchee, WA 98801-1558
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1941182
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1973
Total area
89,736 SF
Lot
6.96 ac (303,178 SF)
APN
232033410150
UPID
US90-1941182
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
-
SNOWFOX Sushi Take-out & Catering
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
higi Physician
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.89M
Comparable Approach
Comparable
$14.81M
Blend (final)
Blend
$12.27M
Owner & transaction history
Kellogg Shopco Properties LLC · 9 yrs held
Kellogg Shopco Properties LLC
since 2017
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,045,000
6.5%
$13,885,000
7%
$12,895,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,210,000
Current use
Blend value · Realmo final
$12.27M
Range $11.04M – $13.49M · ±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
$137 / 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
$69,661
Tax year 2023
Assessed value
$7,891,520
Assessed 2022
Previous assessed
$3,566,557
+121.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,122,243
Assessed improvement
$5,769,277
Land market value
$2,122,243
Improvement market value
$5,769,277
Total market value
$7,891,520
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
1973
Heating
NONE
Total area
89,736 SF
Lot
6.96 ac (303,178 SF)
APN
232033410150
UPID
US90-1941182
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
$17.2M
RETAIL STORES Current
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
1973
Heating
NONE
Lot
6.96 ac
Current owner
From public records · entity-resolved
Kellogg Shopco Properties LLC
Entity
Mailing address
PO BOX 5756, BOISE, ID 83705-0756
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2017
—
Kellogg Shopco Properties LLC
—
Deed
related
$753,888 · Cashmere Valley Bank
Jun 29, 2017
—
Kellogg Shopco Properties LLC
Kellogg Ralph D Trust
Quit Claim Deed
related
—
Jun 21, 2017
—
Kellogg,david B Trust
Kellogg David B & Helen M
Quit Claim Deed
related
—
Mar 13, 2015
—
Kellogg,david B Family Trust
Kellogg David B
Quit Claim Deed
related
—
Jun 16, 2014
—
Kellogg,m E Living Trust
Kellogg Margaret E
Quit Claim Deed
related
—
Apr 17, 2014
—
Mayer,gene & Diane Living Trust
Mayer,gene P & Diane M
Quit Claim Deed
related
—
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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