New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Commercial real estate
478 2nd SE St, East Wenatchee, WA 98802-7735
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-2056829
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2014
Construction
METAL FRAME
Total area
30,874 SF
Lot
2.11 ac (91,912 SF)
Zoning code
2
APN
40300001705
UPID
US90-2056829
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
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.17M
Owner & transaction history
Douglas County Sewer District · 12 yrs held
Douglas County Sewer District
since 2014
5 recorded transactions
Zoning & alternative use
2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$38 / 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
$26,931
Tax year 2023
Assessed value
$3,276,000
Assessed 2023
Previous assessed
$4,376,700
-25.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$909,900
Assessed improvement
$2,366,100
Land market value
$909,900
Improvement market value
$2,366,100
Total market value
$3,276,000
Applied tax rate
21.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2014
Construction
METAL FRAME
Heating
FORCED AIR
Stories
1
Total area
30,874 SF
Lot
2.11 ac (91,912 SF)
Zoning code
2
APN
40300001705
UPID
US90-2056829
Jurisdiction
DOUGLAS
Zoning & alternative use
2 · East Wenatchee, WA
Zoning 2 · permitted uses
2 · 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
2014
Construction
METAL FRAME
Heating
FORCED AIR
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Douglas County Sewer District
Entity
Mailing address
15807 E INDIANA AVE, SPOKANE VALLEY, WA 99216-1864
Ownership since
2014
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
Apr 16, 2014
—
Douglas County Sewer District
Fasteners Properties INC
Quit Claim Deed
related
—
Apr 3, 2012
$595,660
Fasteners Properties INC
Matthew & Merilyn Warner Fam L
Warranty Deed
—
Oct 28, 2011
$245,220
Matthew Famil
Ogden Murphy Wallace PLLC
Trustees Deed
related
—
Sep 7, 2005
$525,000
Calvin & Janae White Family
Akers,james B
Warranty Deed
$465,000 · James B Akers
—
—
Calvin G White
—
Deed Of Trust
related
$80,000 · Lloyd L Palm Construction
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 478 2nd SE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
