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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
502 1st St Cle Elum, WA 98922-1256
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0918934
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1937
Construction
FRAME
Total area
3,174 SF
Lot
0.29 ac (12,600 SF)
Zoning code
CEC
APN
663635
UPID
US90-0918934
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
Om Leasing INC · 11 yrs held
Om Leasing INC
since 2014
6 recorded transactions
Zoning & alternative use
CEC · Cle Elum, WA
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 Cle Elum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cle Elum 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
Property tax & assessments
Assessed value
$412,190
Assessed 2024
Previous assessed
$377,820
+9.1% YoY
Assessed land
$159,000
Assessed improvement
$253,190
Land market value
$159,000
Improvement market value
$253,190
Total market value
$412,190
Applied tax rate
28.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1937
Construction
FRAME
Heating
BASEBOARD
Cooling
WALL UNIT
Stories
1
Bathrooms
1
Total area
3,174 SF
Lot
0.29 ac (12,600 SF)
Zoning code
CEC
APN
663635
UPID
US90-0918934
Jurisdiction
KITTITAS
Zoning & alternative use
CEC · Cle Elum, WAZoning CEC · permitted uses
CEC · Cle Elum, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CEMC Title 17, Zoning
Building & site characteristics
From public records
Year built
1937
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Om Leasing INC
Entity
Mailing address
502 E 1ST ST, CLE ELUM, WA 98922-1256
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
—
Om Leasing INC
—
Deed
related
$39,354 · Banner Bank
Dec 29, 2014
—
Om Leasing INC
Owens & Sons INC
Quit Claim Deed
related
—
Dec 22, 2014
—
Om Leasing INC
Owens & Sons INC
Quit Claim Deed
related
—
—
—
Owens Meats INC
—
Deed Of Trust
related
$100,000 · Sterling Bank
—
—
Owens Meats INC
—
Deed Of Trust
related
$185,000 · Sterling Bank
—
—
Owens & Sons INC
—
Deed Of Trust
related
$80,100 · Cls Mortgage INC
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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