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Property profile & analytics
OFF-MARKET
Residential income homes
625 Okanogan Ave 1 Wenatchee, WA 98801-3407
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1997583
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1967
Total area
25,550 SF
Lot
3.18 ac (138,521 SF)
APN
222010771040
UPID
US90-1997583
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
-
Colonial Vista Post-Acute and Rehabilitation Center Nursing Home
-
Colonial Vista Therapies Physician
-
Development Enterprises Inc Retirement Community Nursing Home
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
Wenatchee 625 Realty LLC · 1 yrs held
Wenatchee 625 Realty LLC
since 2024
Last sale
$11.9M
4 recorded transactions
Zoning & alternative use
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 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
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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,974
Tax year 2023
Assessed value
$2,460,590
Assessed 2022
Previous assessed
$2,500,634
-1.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$415,562
Assessed improvement
$2,045,028
Land market value
$415,562
Improvement market value
$2,045,028
Total market value
$2,460,590
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1967
Heating
NONE
Total area
25,550 SF
Lot
3.18 ac (138,521 SF)
APN
222010771040
UPID
US90-1997583
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
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Lot
3.18 ac
Current owner
From public records · entity-resolved
Wenatchee 625 Realty LLC
Entity
Mailing address
7700 NE PKWY DR STE VANCOUVER XX
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$11,864,705
Wenatchee 625 Realty LLC
Bright Light Ventures LLC
Bargain And Sale Deed
$260,000,000 · Ctr Partnership LP
Aug 30, 2024
—
Bright Light Ventures LLC
Wenatchee Snf Ventures LLC
Intrafamily Transfer
related
—
Jun 1, 2017
$11,675,352
Wenatchee Snf Ventures LLC
Campbell Healthcare Investments LP
Special Warranty Deed
—
Aug 30, 2016
—
Campbell Healthcare Investment
Milot Martin W
Warranty 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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