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Property profile & analytics
FOR SALE
Grocery and convenience stores
212 5Th St A, Wenatchee, WA 98801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2033092
For Sale
1 / 30
$420,000
212 5Th St,Unit A, Wenatchee, WA 98801
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1961
Total area
29,351 SF
Lot
2.25 ac (98,010 SF)
APN
222003860500
UPID
US90-2033092
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
-
Alexander's Styling Salon Hair Salon Nail Salon
-
Garlini's Napoletana Restaurant
-
Wok 'N Roll Asian Express Restaurant
-
Jimmy John's Take-out & Catering
-
Tastebuds Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.27M
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
$5.98M
Blend (final)
Blend
$6.88M
Owner & transaction history
Quantum Prop Holdings LLC · 2 yrs held
Quantum Prop Holdings LLC
since 2023
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+67.5%
Auto repair, garage
$7.8M
+39.1%
Apartment house (5+ units)
$7.5M
+33.1%
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
$8,450,000
ML approach
$8,270,000
CAP Approach
CAP Return
Estimation
6%
$4,920,000
6.5%
$4,540,000
7%
$4,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,630,000
Current use
COMMERCIAL (GENERAL)
$9,425,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,835,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,495,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$6,920,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$6.88M
Range $6.19M – $7.56M · ±10% · vs last sale $7.00M (Sep 19 2023)
Last sale anchor
$7.00M
Sep 19 2023
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
$234 / 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
$28,151
Tax year 2023
Assessed value
$3,187,930
Assessed 2022
Previous assessed
$3,187,930
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,177,452
Assessed improvement
$2,010,478
Land market value
$1,177,452
Improvement market value
$2,010,478
Total market value
$3,187,930
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
For Sale
Year built
1961
Heating
NONE
Buildings
2
Total area
29,351 SF
Lot
2.25 ac (98,010 SF)
APN
222003860500
UPID
US90-2033092
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
$5.6M
COMMERCIAL (GENERAL)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1961
Heating
NONE
Buildings
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Quantum Prop Holdings LLC
Entity
Mailing address
21528 37TH AVE SE, BOTHELL, WA 98021-7087
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$7,000,000
Quantum Prop Holdings LLC
Alturas Mission Village LLC
Warranty Deed
$5,250,000 · Red Canoe Cu
Oct 7, 2019
—
Alturas Mission Village LLC
—
Deed
related
$3,535,000 · Keybank USA
Sep 22, 2016
$4,191,000
Alturas Mission Village LLC
Triple C Mission Village LP
Bargain And Sale Deed
$3,450,000 · Columbia State Bank
Sep 21, 2006
$7,146,194
Triple C Of Texas
Mission Plaza LLC
Warranty Deed
—
Sep 21, 2006
—
Triple C Mission Village Ptshp
Triple C Of Texas
Quit Claim Deed
—
—
—
Alturas Mission Village LLC
—
Deed Of Trust
related
$3,535,000 · Keybank USA
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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