Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,710,000
Apartment buildings
705 Riverside Dr A101 Wenatchee, WA 98801-2495
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-1890375
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
65,640 SF
Lot
6.84 ac (297,950 SF)
APN
222003861040
UPID
US90-1890375
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
$10.02M
Comparable Approach
Comparable
$14.42M
Blend (final)
Blend
$12.71M
Owner & transaction history
Boundary Leasing INC · 13 yrs held
Boundary Leasing INC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.1M
+25.8%
Auto repair, garage
$17.5M
+4.5%
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%
$10,855,000
6.5%
$10,020,000
7%
$9,305,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,760,000
Current use
COMMERCIAL (GENERAL)
$21,080,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,515,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$15,480,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$12.71M
Range $11.44M – $13.98M · ±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
$194 / 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
$414,799
Tax year 2023
Assessed value
$47,000,000
Assessed 2022
Previous assessed
$37,600,000
+25.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,979,504
Assessed improvement
$44,020,496
Land market value
$2,979,504
Improvement market value
$44,020,496
Total market value
$47,000,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Buildings
7
Bathrooms
2
Total area
65,640 SF
Lot
6.84 ac (297,950 SF)
APN
222003861040
UPID
US90-1890375
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.8M
COMMERCIAL (GENERAL)
Est. value
$21.1M
AUTO REPAIR, GARAGE
Est. value
$17.5M
OFFICE BUILDING
Est. value
$15.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2014
Heating
FORCED AIR
Buildings
7
Bathrooms
2
Lot
6.84 ac
Current owner
From public records · entity-resolved
Boundary Leasing INC
Entity
Free & Clear · 13 yrs held
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2013
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
Apr 28, 2017
—
Riverside & Ninth Apartments L
—
Deed
related
—
Jun 7, 2013
—
Boundary Leasing INC
Kamkon Dev LLC
Warranty Deed
—
Jun 7, 2013
$5,547,029
Riverside Apartments
Boundary Leasing INC
Warranty Deed
—
Jan 31, 2013
$4,750,000
Boundary Leasing LLC
Kamkon Dev LLC
Dual Purpose Document
$4,745,500 · Kamkon Dev LLC
Mar 30, 2006
$1,474,632
Kamkon Dev LLC
Kytle,kathy L
Warranty Deed
—
—
—
Riverside & Ninth Apartments L
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 705 Riverside Dr, Unit A101?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
