Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1585 Cres St, Unit 1 Wenatchee, WA 98801-3793

    • Apartment buildings
    • 6,864 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1868017
    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

    • Apartment buildings

    Property Details for 1585 Cres St

    Year built
    1995
    Lot size
    0.71 lot acres
    Property size
    6,864 SF
    Property type
    Apartment buildings
    APN
    222014220850
    APU
    222014220850

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,752,000
      Market price range: $997k - $2.58M
      AI Estimate
      $798,000
      Market price range: $365k - $1.51M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,755,000
      Current use
      AUTO REPAIR, GARAGE
      $1,830,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $1,620,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Wenatchee
    County
    Chelan
    State
    Washington
    Longitude
    -120.301
    Latitude
    47.4051
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,200,000
      17,228 SF

      125 Western Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 17,228 SF
      125 Western Ave, Wenatchee, WA 98801-2364
      View Details
    • Value Estimation by Request
      501 SF

      140 Lavender Ct, Unit 32

      APARTMENT HOUSE (5+ UNITS) • 501 SF
      140 Lavender Ct, Wenatchee, WA 98801-3849
      View Details
    • Value Estimation by Request
      501 SF

      140 Lavender Ct, Unit 33

      APARTMENT HOUSE (5+ UNITS) • 501 SF
      140 Lavender Ct, Wenatchee, WA 98801-3849
      View Details
    • Value Estimation
      $3,290,000
      3,432 SF

      105 Lavender Ct

      APARTMENT HOUSE (5+ UNITS) • 3,432 SF
      105 Lavender Ct, Wenatchee, WA 98801-3856
      View Details
    • Value Estimation
      $770,000
      4,856 SF

      360 Terminal Ave

      APARTMENT HOUSE (5+ UNITS) • 4,856 SF
      360 Terminal Ave, Wenatchee, WA 98801-3722
      View Details
    • Value Estimation
      $535,000
      3,672 SF

      934 Plum St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 3,672 SF
      934 Plum St, Wenatchee, WA 98801-2792
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,000 SF

      Award-Winning Winery in Wenatchee Valley

      Elegant winery with state-of-the-art wine-making capabilities for sale.
      1 Vineyard Way, Wenatchee, WA 98801
      View Details
    • Contact for pricing

      5 Acre Wenatchee Heights Land

      5 acre parcel in Wenatchee Heights, suitable for hobby farm.
      Gudmundson Rd, Wenatchee, WA 98801
      View Details
    • $1,199,000
      6,417 SF

      Retail Opportunity on Wenatchee Avenue

      High-traffic corner location with retail potential on Wenatchee Avenue.
      1604 N Wenatchee Ave, Wenatchee, WA 98801
      View Details
    • $70,000
      19,188 SF

      Downtown Waterville Level Lot

      Level lot in downtown Waterville with multi-use development potential.
      306 North Chelan Ave, Wenatchee, WA 98801
      View Details
    • Contact for pricing

      Wenatchee Commercial Space For Lease

      Versatile Warehouse/Distribution Space Available
      1260 Lower Sunnyslope Rd, Wenatchee, WA 98801
      View Details
    • Contact for pricing

      Established Restaurant, Bar, and Shop

      Turnkey restaurant, bar, and bottle shop with loyal customer base.
      212 5Th St, Wenatchee, WA 98801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Wenatchee Avenue Retail Opportunity

      High-traffic corner lot, 21,780 SF
      1604 Wenatchee Ave, Wenatchee, WA 98801
      View Details
    • $9,507 /Mo
      12,197 SF

      Wenatchee Development Opportunity

      Commercial land available for long-term ground lease in Wenatchee.
      422 S Wenatchee Ave, Wenatchee, WA 98801
      View Details
    • Contact for pricing

      Historic Wenatchee Office Space

      Classic brick and beam office building in downtown Wenatchee.
      11 Spokane St, Wenatchee, WA 98801
      View Details
    • Contact for pricing

      Warehouse with Retail/Showroom & Offices

      13,000 SF warehouse with retail/showroom and office space.
      521 S Columbia St, Wenatchee, WA 98801
      View Details
    • Contact for pricing
      9,200 SF

      Wenatchee Office Space Available

      9,200 SF office space for rent in Wenatchee, WA.
      3012 Gs Center Rd, Wenatchee, WA 98801
      View Details
    • Contact for pricing
      13,880 SF

      Retail Space in Skookum Plaza

      Retail space with great co-tenancy in Wenatchee's North End.
      917 N Wenatchee Ave, Wenatchee, WA 98801
      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.
    1585 Cres St, Unit 1
    Wenatchee, WA 98801-3793
    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.
    Sign Up Successful!
    You now have access to more from Realmo!