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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Grocery and convenience stores
1919 Wenatchee Ave Wenatchee, WA 98801-1053
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1895855
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
2,966 SF
Lot
0.84 ac (36,590 SF)
APN
232028430330
UPID
US90-1895855
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
-
Wendy's Restaurant Take-out & Catering
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$560k
Owner & transaction history
1919 N Wenatchee Ave LLC · 11 yrs held
1919 N Wenatchee Ave LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+39.1%
Office building
$700,000
+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
$355,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$189 / 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
$9,796
Tax year 2023
Assessed value
$1,108,083
Assessed 2022
Previous assessed
$729,132
+52.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$585,440
Assessed improvement
$522,643
Land market value
$585,440
Improvement market value
$522,643
Total market value
$1,108,083
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Heating
NONE
Total area
2,966 SF
Lot
0.84 ac (36,590 SF)
APN
232028430330
UPID
US90-1895855
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
$570,000
AUTO REPAIR, GARAGE
Est. value
$790,000
OFFICE BUILDING
Est. value
$700,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1998
Heating
NONE
Lot
0.84 ac
Current owner
From public records · entity-resolved
1919 N Wenatchee Ave LLC
Entity
Mailing address
13467 64TH PL NE, KIRKLAND, WA 98034-1668
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2018
—
1919 N Wenatchee Ave LLC
—
Deed
related
$5,000,000 · Miscellaneous Govt Agcy
Aug 22, 2014
$1,361,000
1919 N Wenatchee Ave LLC
Judith Jacques
Warranty Deed
$650,000 · Cashmere Valley Bank
Aug 22, 2014
—
Judith Jacques
River City Investments LLC
Quit Claim Deed
related
—
Jun 30, 2014
$750,000
Judith Jacques
T & J Investments LLC
Warranty Deed
$562,500 · Peoples Bank
—
—
1919 N Wenatchee Ave LLC
—
Deed Of Trust
related
$5,000,000 · Miscellaneous Govt Agcy
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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