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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Retail properties & Spaces
812 Wenatchee Ave Wenatchee, WA 98801-2064
Individually Owned
7-yr Hold
Free & Clear
Property ID
US90-1874186
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2019
Total area
9,575 SF
Lot
1.32 ac (57,499 SF)
APN
222003860416
UPID
US90-1874186
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
-
Numerica Credit Union - Wenatchee Branch Credit Union
-
Creaciones Belen Party Supply Store (Bike/Boat/Book/etc) Store
-
Adrianas Mary Kay Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.65M
Owner & transaction history
Numerica Cu · 7 yrs held
Numerica Cu
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+39.1%
Apartment house (5+ units)
$2.4M
+33.1%
Office building
$2.3M
+23.0%
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%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,835,000
Current use
AUTO REPAIR, GARAGE
$2,555,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,445,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$2,260,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$172 / 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
$21,261
Tax year 2023
Assessed value
$2,407,123
Assessed 2022
Previous assessed
$2,242,029
+7.4% YoY
Effective rate
0.88%
On assessed value
Assessed land
$690,000
Assessed improvement
$1,717,123
Land market value
$690,000
Improvement market value
$1,717,123
Total market value
$2,407,123
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2019
Heating
NONE
Total area
9,575 SF
Lot
1.32 ac (57,499 SF)
APN
222003860416
UPID
US90-1874186
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
RETAIL STORES Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2019
Heating
NONE
Lot
1.32 ac
Current owner
From public records · entity-resolved
Numerica Cu
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 4000, SPOKANE VALLEY, WA 99037-4000
Ownership since
2018
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
Jun 26, 2020
—
Adrian Hernandez-rojas
—
Deed
related
$359,500 · Wheatland Bk
Aug 2, 2018
$1,260,000
Numerica Cu
Wenatchee Vly Medical Grp Ps
Warranty Deed
—
Apr 12, 2007
—
Ralls Properties LLC
Reichert,donald E
Quit Claim Deed
related
—
Apr 12, 2007
$1,264,000
Wenatchee Valley Medical Cente
Ralls Properties LLC
Warranty Deed
—
Jan 25, 2006
$396,789
Michael R Ralls SR.
Ralls,patrick
Quit Claim Deed
related
—
Jan 25, 2006
—
Ralls Properties LLC
Ralls Family
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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