Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1490 Rd 3rd Nwa East Wenatchee, WA 98802

    • Retail space
    • 2,400 SF
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2758227
    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

    • Retail space

    Property Details for 1490 Rd 3rd Nwa

    Year built
    1982
    Construction
    METAL FRAME
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    92600000100
    APU
    92600000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $264,000
      Market price range: $265k - $685k
      AI Estimate
      $168,000
      Market price range: $169k - $424k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $445,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.07
    Latitude
    47.6557
    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
    $326
    $0.00
    $33,900
    $33,900
    -
    $0.00
    $33,900
    $33,900

    Comparable in this City

    • Value Estimation
      $270,000
      2,520 SF

      1490 Rd 3rd Nwb

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      1490 Rd 3rd Nwb, East Wenatchee, WA 98802
      View Details
    • Value Estimation
      $330,000
      2,604 SF

      1610 Grant Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,604 SF
      1610 Grant Rd, East Wenatchee, WA 98802-5271
      View Details
    • Value Estimation
      $215,000
      1,900 SF

      818 Vly Mall Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 1,900 SF
      818 Vly Mall Pkwy, East Wenatchee, WA 98802-4842
      View Details
    • Value Estimation
      $350,000
      2,700 SF

      830 Vly Mall Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      830 Vly Mall Pkwy, East Wenatchee, WA 98802-4842
      View Details
    • Value Estimation
      $305,000
      2,000 SF

      816 Vly Mall Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      816 Vly Mall Pkwy, East Wenatchee, WA 98802-4842
      View Details
    • Value Estimation
      $370,000
      2,952 SF

      1684 Grant Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,952 SF
      1684 Grant Rd, East Wenatchee, WA 98802-5271
      View Details

    Similar Nearby for Sale

    • $2,988,514
      46,488 SF

      East Wenatchee Retail Investment

      High-yield, Net Lease Storefront, strong tenant.
      611 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • $1,199,000
      472 SF

      East Wenatchee Restaurant - Turnkey Opportunity

      Iconic eatery, established 1954, fully renovated 2023.
      120 Rock Island Rd, East Wenatchee, WA 98802
      View Details
    • $415,000
      0.64 Acres

      Prime Wenatchee Commercial Land

      Vacant lot, 27,878 sq ft, $415,000
      330 Colorado Park Pl, East Wenatchee, WA 98802
      View Details
    • $55,000
      5.87 Acres

      5.87 Acres Recreational Land Parcel

      5.87 acre recreational land parcel with mountain views.
      8 Jrec North Plat, East Wenatchee, WA 98802
      View Details
    • $3,500,000

      Prime East Wenatchee Commercial Land

      7.55 Acres, Hwy 2 & SR 28 Corner
      121 35Th St, East Wenatchee, WA 98802
      View Details
    • $419,900
      1,836 SF

      Spacious Single-Level Home with Upgrades

      Well-maintained home with fenced lot, deck, and RV parking.
      68 24Th St NE, East Wenatchee, WA 98802
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,603 SF

      Retail Space in East Wenatchee

      Neighborhood center with high visibility and ample parking.
      595 Grant Rd, East Wenatchee, WA 98802
      View Details
    • $28 SF/Yr
      1,210 SF

      Retail Space Near Wenatchee Mall

      Corner retail space across from Wenatchee Valley Mall.
      500 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • $18 SF/Yr
      1,606 SF

      Retail Space in East Wenatchee

      Retail space available for lease in high-traffic area.
      201 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • $29 SF/Yr
      4,224 SF

      East Wenatchee Drive-Thru Restaurant

      Free-standing, operational fast food drive-thru on high-traffic Grant Road.
      300 Grant Rd, East Wenatchee, WA 98802
      View Details
    • Contact for pricing
      356,845 SF

      Wenatchee Valley Mall Retail Space

      Prime East Wenatchee retail space available. Multiple units, various sizes.
      511 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • Contact for pricing
      361,195 SF

      Wenatchee Valley Mall

      Shopping centers • 361,195 SF
      511 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1490 Rd 3rd Nwa
    East Wenatchee, WA 98802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.