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Property profile & analytics
OFF-MARKET
Estimated value
$9,250,000
Retail space
410 Peters St Wenatchee, WA 98801-5999
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-2037942
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
61,000 SF
Lot
4.98 ac (216,929 SF)
APN
232021140060
UPID
US90-2037942
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
-
Eastern Cascade Distributing Big Box & Wholesale Store
-
Weinstein Beverage Co-Pepsi-Cola of Wenatchee Big Box & Wholesale Store Distribution Center
-
Weinstein Wholesale Solutions Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.44M
Comparable Approach
Comparable
$11.84M
Blend (final)
Blend
$9.25M
Owner & transaction history
Douglas R Funk · 14 yrs held
Douglas R Funk
since 2011
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.4M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,225,000
6.5%
$9,440,000
7%
$8,765,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,700,000
Current use
OFFICE BUILDING
$14,385,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$9.25M
Range $8.33M – $10.18M · ±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
$152 / 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
$56,489
Tax year 2023
Assessed value
$6,306,963
Assessed 2022
Previous assessed
$5,506,376
+14.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,084,644
Assessed improvement
$5,222,319
Land market value
$1,084,644
Improvement market value
$5,222,319
Total market value
$6,306,963
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
NONE
Total area
61,000 SF
Lot
4.98 ac (216,929 SF)
APN
232021140060
UPID
US90-2037942
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
$11.7M
OFFICE BUILDING
Est. value
$14.4M
RETAIL STORES Current
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
2008
Heating
NONE
Lot
4.98 ac
Current owner
From public records · entity-resolved
Douglas R Funk
Individual
Mailing address
410 E PETERS ST, WENATCHEE, WA 98801-5999
Ownership since
2011
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
May 14, 2021
—
Wenatchee Sunnyslope Propert6ies Ll
—
Deed
related
$3,650,000 · Glacier Bank
Sep 8, 2011
$52,000
Douglas R Funk
Wenatchee Sunnyslope Propertie
Warranty Deed
—
Oct 9, 2007
$1,663,000
Wenatchee Sunnyslope Props LLC
Matthews,b J
Warranty Deed
—
Jun 12, 2007
—
Donald L Shurtz
Donald L Shurtz Dds Ps Psp
Quit Claim Deed
related
—
Feb 11, 2005
—
Matthews B J
Matthews,b J & Geneva
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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