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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
409 Msn St Wenatchee, WA 98801-2007
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0281796
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1984
Total area
6,000 SF
Lot
0.39 ac (16,988 SF)
APN
222003823090
UPID
US90-0281796
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
-
Aveanna Healthcare Employment Agency
-
Law Office Julie A. Anderson Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.07M
Owner & transaction history
M & M Plaza LLC · 2 yrs held
M & M Plaza LLC
since 2024
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+13.2%
Apartment house (5+ units)
$1.5M
+8.3%
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
$1,065,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,415,000
Current use
AUTO REPAIR, GARAGE
$1,600,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,530,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,150,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.07M (May 3 2024)
Last sale anchor
$1.07M
May 3 2024
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
$178 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,906
Tax year 2024
Assessed value
$1,299,583
Assessed 2023
Previous assessed
$1,326,595
-2.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$270,704
Assessed improvement
$1,028,879
Land market value
$270,704
Improvement market value
$1,028,879
Total market value
$1,299,583
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
1984
Heating
NONE
Total area
6,000 SF
Lot
0.39 ac (16,988 SF)
APN
222003823090
UPID
US90-0281796
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
M & M Plaza LLC
Entity
Mailing address
3070 2ND ST SE, EAST WENATCHEE, WA 98802-9222
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$1,067,000
M & M Plaza LLC
Jeffrey Building LLC
Warranty Deed
$500,000 · Peoples Bank
Apr 24, 2020
—
Jeffrey Family Trust
Jeffrey Family LP II
Quit Claim Deed
related
—
Apr 17, 2020
—
Jeffrey Building LLC
Jeffrey Family Trust
Quit Claim Deed
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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