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Property profile & analytics
OFF-MARKET
Estimated value
$36,265,000
Manufacturing properties
3205 Warehouse Rd Wenatchee, WA 98801-9197
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-2696525
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Total area
375,726 SF
Lot
30.12 ac (1,312,027 SF)
APN
232022220100
UPID
US90-2696525
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
-
Stemilt - Fresh Cube Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.63M
Comparable Approach
Comparable
$34.51M
Blend (final)
Blend
$36.27M
Owner & transaction history
Stemilt Growers LLC · 10 yrs held
Stemilt Growers LLC
since 2016
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%
$52,680,000
6.5%
$48,630,000
7%
$45,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$38,030,000
Current use
Blend value · Realmo final
$36.27M
Range $32.64M – $39.89M · ±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
$97 / 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
$380,887
Tax year 2023
Assessed value
$43,010,997
Assessed 2022
Previous assessed
$43,010,997
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,968,041
Assessed improvement
$41,042,956
Land market value
$1,968,041
Improvement market value
$41,042,956
Total market value
$43,010,997
Applied tax rate
804.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Heating
NONE
Total area
375,726 SF
Lot
30.12 ac (1,312,027 SF)
APN
232022220100
UPID
US90-2696525
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
INDUSTRIAL (GENERAL) Current
Est. value
$38.0M
INDUSTRIAL (GENERAL) Current
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
2017
Heating
NONE
Lot
30.12 ac
Current owner
From public records · entity-resolved
Stemilt Growers LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 2929, WENATCHEE, WA 98807-2929
Ownership since
2016
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
Nov 13, 2024
—
Stemilt Growers LLC
—
Deed
related
$46,000,000 · Metlife Real Estates Lending LLC
Oct 24, 2023
—
Stemilt Growers LLC
—
Deed
related
—
Dec 9, 2020
—
Stemilt Growers LLC
—
Deed
related
—
Jun 9, 2017
—
Stemilt Growers LLC
—
Deed
related
$89,200,000 · Miscellaneous Ins Co
May 27, 2016
—
Stemilt Growers LLC
—
Deed Of Trust
related
$40,200,000 · Miscellaneous Ins Co
May 24, 2016
—
Stemilt Growers LLC
Pacific Rim Land INC
Grant Deed
related
—
Sep 28, 2015
$553,373
Stemilt Growers LLC
Pacific Rim Land INC
Warranty Deed
—
—
—
Stemilt Growers LLC
—
Loan Modification
related
$89,200,000 · Miscellaneous Ins Co
—
—
Stemilt Growers 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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