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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Office buildings
617 Washington St Wenatchee, WA 98801-2600
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-3100606
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1984
Total area
5,972 SF
Lot
0.46 ac (20,038 SF)
APN
222010586009
UPID
US90-3100606
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
-
Davis Arneil Law Firm Law Firm
-
Johnson, Gaukroger, Smith & Marchant, P.S. Law Firm
-
Lofing Nicholas J Law Firm
-
Dorsey David J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.25M
Owner & transaction history
Dkpwj Properties · 9 yrs held
Dkpwj Properties
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+36.2%
Auto repair, garage
$1.6M
+13.2%
Apartment house (5+ units)
$1.5M
+8.3%
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 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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,410,000
Current use
COMMERCIAL (GENERAL)
$1,920,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,595,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,145,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$208 / 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
$10,967
Tax year 2023
Assessed value
$1,240,739
Assessed 2022
Previous assessed
$1,030,029
+20.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$181,233
Assessed improvement
$1,059,506
Land market value
$181,233
Improvement market value
$1,059,506
Total market value
$1,240,739
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Total area
5,972 SF
Lot
0.46 ac (20,038 SF)
APN
222010586009
UPID
US90-3100606
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
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1984
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dkpwj Properties
Entity
Free & Clear · 9 yrs held
Mailing address
617 WASHINGTON ST, WENATCHEE, WA 98801-2600
Ownership since
2017
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 21, 2017
—
Dkpwj Properties
Maroney,bryan J & Christine
Quit Claim Deed
related
—
Apr 19, 2017
—
Bryan J Maroney
White Robert L & A S Trust
Warranty Deed
$308,012 · White Robert L & A S Trust (lt
May 29, 2014
—
Dkpwj Properties
Johnson,jay A & Judy A
Quit Claim Deed
related
—
May 2, 2014
$250,000
White,r L & A S Living Trust
Kight Joyce J
Warranty Deed
—
Apr 24, 2014
—
David J Dorsey
Dkpwj Properties
Quit Claim Deed
related
—
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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