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Property profile & analytics
OFF-MARKET
Distribution centers
435 Rock Is Rd East Wenatchee, WA 98802-5359
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2008960
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,486 SF
Lot
0.68 ac (29,621 SF)
Zoning code
G-C
APN
40300003308
UPID
US90-2008960
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Park Place Four LLC · 15 yrs held
Park Place Four LLC
since 2010
7 recorded transactions
Zoning & alternative use
G-C · East Wenatchee, WA
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,828
Tax year 2023
Assessed value
$573,900
Assessed 2023
Previous assessed
$544,800
+5.3% YoY
Effective rate
0.84%
On assessed value
Assessed land
$195,500
Assessed improvement
$378,400
Land market value
$195,500
Improvement market value
$378,400
Total market value
$573,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
10,486 SF
Lot
0.68 ac (29,621 SF)
Zoning code
G-C
APN
40300003308
UPID
US90-2008960
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.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Park Place Four LLC
Entity
Mailing address
423 ROCK IS RD, EAST WENATCHEE, WA 98802-5359
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Feb 27, 2025
—
Gw East Wenatchee LLC
—
Deed
related
$50,000,000 · Wells Fargo Bank NA
Sep 21, 2023
—
Park Place Four LLC
—
Deed
related
$410,000 · Wheatland Bank
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
Oct 28, 2010
—
Park Place Four LLC
Park Place Four LLC
Quit Claim Deed
related
—
—
—
Park Place Two LLC
—
Deed Of Trust
related
$950,000 · North Cascades Nat'l Bank
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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