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Property profile & analytics
OFF-MARKET
Estimated value
$6,670,000
Office buildings
620 Emerson Ave Ste 101 Wenatchee, WA 98801-6619
Individually Owned
20-yr Hold
Free & Clear
Property ID
US90-1988265
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Total area
30,026 SF
Lot
1.93 ac (84,071 SF)
APN
222003585505
UPID
US90-1988265
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
$6.37M
Comparable Approach
Comparable
$8.29M
Blend (final)
Blend
$6.67M
Owner & transaction history
Marc Ball · 20 yrs held
Marc Ball
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.6M
+36.2%
Auto repair, garage
$8.0M
+13.2%
Apartment house (5+ units)
$7.7M
+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%
$6,895,000
6.5%
$6,365,000
7%
$5,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,080,000
Current use
COMMERCIAL (GENERAL)
$9,645,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,015,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,665,000
Change: +8% · Conversion: Easy
RETAIL STORES
$5,760,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$6.67M
Range $6.00M – $7.34M · ±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
$222 / 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
$43,714
Tax year 2023
Assessed value
$4,951,408
Assessed 2022
Previous assessed
$4,265,737
+16.1% YoY
Effective rate
0.88%
On assessed value
Assessed land
$756,783
Assessed improvement
$4,194,625
Land market value
$756,783
Improvement market value
$4,194,625
Total market value
$4,951,408
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
1979
Heating
NONE
Total area
30,026 SF
Lot
1.93 ac (84,071 SF)
APN
222003585505
UPID
US90-1988265
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
$7.1M
COMMERCIAL (GENERAL)
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
RETAIL STORES
Est. value
$5.8M
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
1979
Heating
NONE
Lot
1.93 ac
Current owner
From public records · entity-resolved
Marc Ball
Individual
Free & Clear · 20 yrs held
Mailing address
325 COLORADO PARK PL, EAST WENATCHEE, WA 98802-3805
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2006
—
Marc Ball
Owner Name Unavailable
Grant Deed
related
—
May 16, 2006
$2,700,000
Marc L Ball
Emerson Street Professional Bu
Warranty Deed
$1,965,000 · Washington Trust Bank
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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