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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Warehouses
423 Rock Is Rd, East Wenatchee, WA 98802-5359
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1989291
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Construction
METAL FRAME
Total area
7,800 SF
Lot
3.42 ac (148,975 SF)
Zoning code
G-C
APN
40300003304
UPID
US90-1989291
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$770k
Owner & transaction history
Gw East Wenatchee LLC · 3 yrs held
Gw East Wenatchee LLC
since 2022
7 recorded transactions
Zoning & alternative use
G-C · East Wenatchee, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+161.2%
Retail stores
$1.0M
+126.6%
Auto repair, garage
$990,000
+121.3%
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 East Wenatchee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Change: +161% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +127% · Conversion: Moderate
AUTO REPAIR, GARAGE
$990,000
Change: +121% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$905,000
Change: +103% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$475,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$99 / 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
$38,288
Tax year 2023
Assessed value
$4,551,600
Assessed 2023
Previous assessed
$4,277,100
+6.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$983,200
Assessed improvement
$3,568,400
Land market value
$983,200
Improvement market value
$3,568,400
Total market value
$4,551,600
Applied tax rate
55.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Buildings
17
Stories
1
Bathrooms
1
Total area
7,800 SF
Lot
3.42 ac (148,975 SF)
Zoning code
G-C
APN
40300003304
UPID
US90-1989291
Jurisdiction
DOUGLAS
Zoning & alternative use
G-C · East Wenatchee, WA
Zoning G-C · permitted uses
G-C · East Wenatchee, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Wenatchee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$990,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$680,000
INDUSTRIAL (GENERAL)
Est. value
$475,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2000
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
17
Bathrooms
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Gw East Wenatchee LLC
Entity
Mailing address
223 10TH ST S, KIRKLAND, WA 98033-6729
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
—
Gw East Wenatchee LLC
—
Deed
related
$133,000,000 · Wellsfargobankna
Feb 27, 2025
—
Gw East Wenatchee LLC
—
Deed
related
$50,000,000 · Wells Fargo Bank NA
Aug 5, 2022
—
Gw East Wenatchee LLC
Park Place One LLC
Warranty Deed
$13,560,400 · Key Bank NA
May 2, 2019
—
Park Place One LLC
—
Grant Deed
related
$5,413,000 · Us Bk
Jun 29, 2018
—
Park Place One LLC
—
Deed
related
$782,344 · Glacier Bank
May 19, 2017
—
Park Place One LLC
—
Deed
related
$220,000 · North Cascades Bk
—
—
Park Place One LLC
—
Deed Of Trust
related
$220,000 · North Cascades Bk
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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