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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Residential income homes
726 Markeson St Chelan, WA 98816-8820
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1964968
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1967
Total area
20,637 SF
Lot
2.78 ac (121,097 SF)
APN
272212430200
UPID
US90-1964968
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
$3.98M
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$3.31M
Owner & transaction history
Ajaj One LLC · 5 yrs held
Ajaj One LLC
since 2020
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.5M
+4.5%
Commercial (general)
$5.4M
+2.4%
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 Chelan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelan 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
$3,955,000
ML approach
$3,980,000
CAP Approach
CAP Return
Estimation
6%
$3,415,000
6.5%
$3,150,000
7%
$2,925,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,270,000
Current use
AUTO REPAIR, GARAGE
$5,505,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,395,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$5,065,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$4,640,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $2.85M (Oct 19 2020)
Last sale anchor
$2.85M
Oct 19 2020
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
$160 / 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
$14,742
Tax year 2023
Assessed value
$2,047,003
Assessed 2022
Previous assessed
$1,978,392
+3.5% YoY
Effective rate
0.72%
On assessed value
Assessed land
$484,387
Assessed improvement
$1,562,616
Land market value
$484,387
Improvement market value
$1,562,616
Total market value
$2,047,003
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
20,637 SF
Lot
2.78 ac (121,097 SF)
APN
272212430200
UPID
US90-1964968
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
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1967
Heating
NONE
Lot
2.78 ac
Current owner
From public records · entity-resolved
Ajaj One LLC
Entity
Mailing address
726 N MARKESON ST UNIT B8, CHELAN, WA 98816-0020
Ownership since
2020
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
Oct 19, 2020
$2,850,000
Ajaj One LLC
Lake Chelan View Properties LLC
Warranty Deed
$1,500,000 · Glacier Bank
Jun 2, 2017
—
Lake Chelan View Properties LLC
—
Deed
related
$1,700,000 · Cashmere Valley Bank
Apr 29, 2016
$725,000
Lake Chelan Properties LLC
Bd Chelan Properties LLC
Warranty Deed
—
Jun 21, 2013
$254,473
Bd Chelan Properties LLC
Regency Chelan LLC
Warranty Deed
—
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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