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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Retail properties & Spaces
148 Easy St Wenatchee, WA 98801-5904
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-2076902
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1992
Total area
24,728 SF
Lot
4.72 ac (205,603 SF)
APN
232021340600
UPID
US90-2076902
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
-
Cascade Cadillac Auto Repair Shop
-
InCharge Energy Charging Station Electric Vehicle Charging Station
-
Cascade Autocenter Car Dealership
-
Cascade Chevrolet Auto Repair Shop
-
Cascade Chevrolet Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$4.14M
Owner & transaction history
Baldock Properties LLC · 11 yrs held
Baldock Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+39.1%
Apartment house (5+ units)
$6.3M
+33.1%
Office building
$5.8M
+23.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,145,000
6.5%
$3,825,000
7%
$3,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,745,000
Current use
AUTO REPAIR, GARAGE
$6,600,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,315,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$5,830,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$167 / 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
$40,131
Tax year 2023
Assessed value
$4,445,461
Assessed 2022
Previous assessed
$4,147,261
+7.2% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,439,222
Assessed improvement
$3,006,239
Land market value
$1,439,222
Improvement market value
$3,006,239
Total market value
$4,445,461
Applied tax rate
804.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1992
Heating
NONE
Buildings
2
Total area
24,728 SF
Lot
4.72 ac (205,603 SF)
APN
232021340600
UPID
US90-2076902
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
$4.7M
AUTO REPAIR, GARAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1992
Heating
NONE
Buildings
2
Lot
4.72 ac
Current owner
From public records · entity-resolved
Baldock Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 2987, WENATCHEE, WA 98807-2987
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
—
Baldock Properties LLC
—
Deed
related
$8,600,000 · Bank Of America
Jun 5, 2015
—
Baldock Properties LLC
Baldock Stephen J & Jane E
Quit Claim Deed
—
Mar 12, 2009
—
Stephen J Baldock
—
Loan Modification
related
$4,409,383 · Washington Trust Bank
—
—
Baldock Properties LLC
—
Loan Modification
related
$8,600,000 · Bank Of America
—
—
Baldock Properties LLC
—
Deed Of Trust
related
$8,000,000 · Bank Of America
—
—
Stephen J Baldock
—
Deed Of Trust
related
$5,000,000 · Bank Of America
—
—
Stephen J Baldock
—
Loan Modification
related
$271,071 · Washington Trust Bank
—
—
Stephen J Baldock
—
Deed Of Trust
related
$5,895,833 · Bank Of America
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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