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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Banks
135 Msn St Wenatchee, WA 98801-2228
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2030123
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1940
Total area
5,900 SF
Lot
0.14 ac (6,098 SF)
APN
222003590138
UPID
US90-2030123
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
-
Perrin Cornell - Coldwell Banker Cascade Real Estate Real Estate Agency
-
Coldwell Banker Cascade Real Estate Real Estate Agency
-
Natalie Westbrook Wenatchee Real Estate Broker Real Estate Agency
-
DeAnn Compton, CB Cascade - Wenatchee Real Estate Agency
-
HomeSmart Elite Brokers Wenatchee: Mike Martin Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Cbwp LLC · 5 yrs held
Cbwp LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+69.3%
Office building
$900,000
+36.5%
Auto repair, garage
$790,000
+20.0%
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
$1,160,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,115,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +20% · Conversion: Difficult
RESTAURANT
$785,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.05M (Jan 4 2021)
Last sale anchor
$1.05M
Jan 4 2021
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
$186 / 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
$7,472
Tax year 2023
Assessed value
$844,745
Assessed 2022
Previous assessed
$464,197
+82.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$96,000
Assessed improvement
$748,745
Land market value
$96,000
Improvement market value
$748,745
Total market value
$844,745
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1940
Heating
NONE
Total area
5,900 SF
Lot
0.14 ac (6,098 SF)
APN
222003590138
UPID
US90-2030123
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RESTAURANT
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1940
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Cbwp LLC
Entity
Mailing address
PO BOX 2945, CHELAN, WA 98816-2945
Ownership since
2021
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
Jun 27, 2024
—
Cbwp LLC
—
Deed
related
$1,000,000 · Washington Federal NA
Jan 4, 2021
$1,050,000
Cbwp LLC
Pete A Olson
Warranty Deed
$787,500 · Washington Trust Bank
Nov 21, 2016
—
Pete A Olson
—
Deed
related
$250,000 · Peoples Bank
Oct 30, 2007
$945,000
Pete A Olson
Cherry Hill Orchards Wenatchee
Warranty Deed
—
Aug 31, 2004
—
Davenport INC
Owner Name Unavailable
Grant Deed
related
—
Aug 19, 2004
$570,000
Cherry Hill Orchs Wenatchee Ll
Davenport INC
Warranty Deed
related
$470,000 · Wells Fargo 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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