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Property profile & analytics
OFF-MARKET
Estimated value
$3,735,000
Hotels
1640 Wenatchee Ave, Wenatchee, WA 98801-1159
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1995058
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2021
Total area
43,367 SF
Lot
1.5 ac (65,340 SF)
APN
232033783470
UPID
US90-1995058
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
-
avid hotel Wenatchee, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.74M
Owner & transaction history
Oni Sai Baba LLC · 8 yrs held
Oni Sai Baba LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.8M
+36.0%
Restaurant
$5.8M
+35.4%
Apartment house (5+ units)
$5.0M
+18.3%
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%
$4,375,000
6.5%
$4,040,000
7%
$3,750,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,265,000
Current use
AUTO REPAIR, GARAGE
$5,800,000
Change: +36% · Conversion: Difficult
RESTAURANT
$5,775,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,045,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,545,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.36M – $4.11M · ±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
$86 / 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
$48,948
Tax year 2023
Assessed value
$5,530,285
Assessed 2022
Previous assessed
$1,045,440
+429.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,045,440
Assessed improvement
$4,484,845
Land market value
$1,045,440
Improvement market value
$4,484,845
Total market value
$5,530,285
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2021
Heating
NONE
Rooms
4
Bathrooms
2
Total area
43,367 SF
Lot
1.5 ac (65,340 SF)
APN
232033783470
UPID
US90-1995058
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
HOTEL/MOTEL Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RESTAURANT
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
RETAIL STORES
Est. value
$4.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2021
Heating
NONE
Rooms
4
Bathrooms
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Oni Sai Baba LLC
Entity
Mailing address
720 N WENATCHEE AVE, WENATCHEE, WA 98801-2062
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Om Sai Baba LLC
—
Deed
related
$4,703,000 · Evergreen Business Capital
Feb 11, 2020
—
Om Sai Baba LLC
—
Deed
related
$4,577,650 · Peoples Bank
Jun 26, 2018
—
Oni Sai Baba LLC
Njus,helen P
Quit Claim Deed
related
—
Jan 14, 2013
$600,000
Om Sai Baba LLC
North Cascades National Bank
Special Warranty Deed
$510,000 · North Cascades National Bank
Jan 9, 2013
—
North Cascades Natl Bk
Jaswant Hotel Corp
Deed In Lieu Of Foreclosure
related
—
Dec 10, 2008
—
Jaswant Hotel Corp
Gill Lodging Investments LLC
Quit Claim Deed
related
—
Oct 18, 2005
$1,283,000
Gill Lodging Investments LLC
Tramp,steven & Tanya L
Warranty Deed
$986,064 · Ncw Community Bank
—
—
Gill Lodging Investments LLC
—
Deed Of Trust
related
$200,000 · Parmjit S & Ranjit K Khaira
—
—
Jaswant Hotel Corp
—
Loan Modification
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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