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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
304 Chelan Ave Wenatchee, WA 98801-2107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1991732
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Total area
4,120 SF
Lot
0.6 ac (26,136 SF)
APN
222003732075
UPID
US90-1991732
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
-
Central Washington Oral & Facial Surgery Dental Office
-
Dr. Roger J. Starkweather, MD Physician
-
Starkweather Orthopedics Medical Clinic
-
Dr. Jeremiah Johnson Dental Office
-
Dr. Tyler Mcdonald Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.01M
Owner & transaction history
Jjtm 304 LLC · 3 yrs held
Jjtm 304 LLC
since 2022
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+36.2%
Auto repair, garage
$1.1M
+13.2%
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
$1,095,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,100,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$790,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.03M (Dec 6 2022)
Last sale anchor
$1.03M
Dec 6 2022
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
$244 / 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
$8,409
Tax year 2023
Assessed value
$950,902
Assessed 2022
Previous assessed
$797,424
+19.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$418,176
Assessed improvement
$532,726
Land market value
$418,176
Improvement market value
$532,726
Total market value
$950,902
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1989
Heating
NONE
Total area
4,120 SF
Lot
0.6 ac (26,136 SF)
APN
222003732075
UPID
US90-1991732
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
OFFICE BUILDING Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$790,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
Jjtm 304 LLC
Entity
Mailing address
12785 SPG ST, LEAVENWORTH, WA 98826-9504
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$1,025,000
Jjtm 304 LLC
Johnson Professional Properties LLC
Warranty Deed
$1,724,074 · Provide INC
Apr 29, 2016
$1,621,271
Johnson Professional Propertie
Starweather,roger & Donnas K
Warranty Deed
$1,120,000 · Donnas K Starkweather
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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