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Property profile & analytics
OFF-MARKET
Estimated value
$6,860,000
Retail properties & Spaces
614 Riverside Dr Ste A101 Wenatchee, WA 98801-6151
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-2038141
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2019
Total area
41,828 SF
Lot
3.84 ac (167,270 SF)
APN
222003861015
UPID
US90-2038141
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
-
Anvil Sandwich Co. Restaurant
-
Malsam Tsang Structural Engineering Structural Engineer
-
SOAL Nutrition Physician
-
West Investigations, LLC Law Firm Security Service
-
The Nerd Kave Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.48M
Comparable Approach
Comparable
$7.69M
Blend (final)
Blend
$6.86M
Owner & transaction history
Piere Street Apartments LLC · 9 yrs held
Piere Street Apartments LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.2M
+39.1%
Apartment house (5+ units)
$10.7M
+33.1%
Office building
$9.9M
+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%
$7,010,000
6.5%
$6,475,000
7%
$6,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,025,000
Current use
AUTO REPAIR, GARAGE
$11,165,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,680,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$9,865,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$6.86M
Range $6.17M – $7.55M · ±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
$164 / 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
$192,180
Tax year 2023
Assessed value
$21,774,430
Assessed 2022
Previous assessed
$21,084,997
+3.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,672,704
Assessed improvement
$20,101,726
Land market value
$1,672,704
Improvement market value
$20,101,726
Total market value
$21,774,430
Applied tax rate
802.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
3
Total area
41,828 SF
Lot
3.84 ac (167,270 SF)
APN
222003861015
UPID
US90-2038141
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
$8.0M
AUTO REPAIR, GARAGE
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.7M
OFFICE BUILDING
Est. value
$9.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2019
Heating
NONE
Buildings
3
Lot
3.84 ac
Current owner
From public records · entity-resolved
Piere Street Apartments LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2016
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
Sep 6, 2018
—
Piere Street Apartments LLC
—
Deed
related
$16,450,000 · Washington Fed'l Svgs
Jul 29, 2016
$2,154,000
Piere Street Apartments LLC
Bbp One LLC
Warranty Deed
—
Mar 18, 2009
—
City Of Wenatchee
Bbp One LLC
Warranty Deed
—
Nov 16, 2005
—
Bbp One LLC
Blodgett Properties LLC
Quit Claim Deed
related
—
Aug 12, 2005
$1,350,000
Blodgett Properties LLC
Gwinn,dale J & Judi D
Warranty Deed
$1,100,000 · Dale J & Judi D Gwinn
—
—
Piere Street Apartments LLC
—
Deed Of Trust
related
$16,450,000 · Washington Fed'l Svgs
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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