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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Apartment buildings
1686 Stella Ave 1 Wenatchee, WA 98801-8422
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-2057413
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Total area
22,692 SF
Lot
1.13 ac (49,223 SF)
APN
232033783219
UPID
US90-2057413
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$3.14M
Owner & transaction history
Fnwd Brookstone LLC · 9 yrs held
Fnwd Brookstone LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,755,000
6.5%
$3,465,000
7%
$3,215,000
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$138 / 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
$25,134
Tax year 2023
Assessed value
$2,828,038
Assessed 2022
Previous assessed
$2,217,914
+27.5% YoY
Effective rate
0.89%
On assessed value
Assessed land
$443,005
Assessed improvement
$2,385,033
Land market value
$443,005
Improvement market value
$2,385,033
Total market value
$2,828,038
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
22,692 SF
Lot
1.13 ac (49,223 SF)
APN
232033783219
UPID
US90-2057413
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
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Fnwd Brookstone LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1688 STELLA AVE, WENATCHEE, WA 98801-8432
Ownership since
2017
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
Oct 9, 2017
—
Fnwd Brookstone LLC
—
Deed
related
—
Jun 27, 2017
—
Fnwd Brookstone LLC
Fnwd Brookstone 2 LLC
Quit Claim Deed
related
—
Jun 20, 2017
—
Brookstone 2 LLC
Fnwd Brookstone LLC
Quit Claim Deed
related
—
Jun 13, 2017
—
Fnwd Brookstone LLC
Fnwd Brookstone 2 LLC
Quit Claim Deed
related
—
Mar 9, 2016
$3,476,000
Fnwd Brookstone LLC
Brookstone LLC
Warranty Deed
$1,980,000 · Boeing Emps Cu
Sep 11, 2009
—
Brookstone LLC
Nw Pacific Dev LLC
Quit Claim Deed
related
—
Mar 14, 2008
—
Northwest Pacific Dev LLC
Mckittrick Place LLC
Quit Claim Deed
related
—
—
—
Brookstone LLC
—
Loan Modification
related
—
—
—
Fnwd Brookstone LLC
—
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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