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Property profile & analytics
OFF-MARKET
Estimated value
$9,335,000
Hotels
815 Wenatchee Ave, Wenatchee, WA 98801-2063
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1956296
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Total area
41,984 SF
Lot
1.42 ac (61,855 SF)
APN
222003860188
UPID
US90-1956296
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
-
Best Western Plus Wenatchee Downtown Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.34M
Owner & transaction history
Om Shree Sai LLC · 4 yrs held
Om Shree Sai LLC
since 2021
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+92.0%
Office building
$6.4M
+54.8%
Auto repair, garage
$5.6M
+36.0%
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
$9,705,000
ML approach
$10,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,925,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$6,390,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,615,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$9.34M
Range $8.40M – $10.27M · ±10% · vs last sale $8.80M (Nov 17 2021)
Last sale anchor
$8.80M
Nov 17 2021
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
$47,243
Tax year 2023
Assessed value
$5,351,256
Assessed 2022
Previous assessed
$4,552,971
+17.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$989,072
Assessed improvement
$4,362,184
Land market value
$989,072
Improvement market value
$4,362,184
Total market value
$5,351,256
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
2
Total area
41,984 SF
Lot
1.42 ac (61,855 SF)
APN
222003860188
UPID
US90-1956296
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
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$5.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1997
Heating
NONE
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Om Shree Sai LLC
Entity
Mailing address
720 N WENATCHEE AVE, WENATCHEE, WA 98801-2062
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$8,800,000
Om Shree Sai LLC
Bhg Wenatchee LLC
Bargain And Sale Deed
$7,040,000 · Canyon Community Bank NA
Nov 30, 2017
—
Bhg Wenatchee LLC
—
Deed
related
$815,000 · Cashmere Vly Bk
Aug 22, 2016
$6,200,000
Bhg Wenatchee LLC
Harjot Diamond Hotel Corporation
Warranty Deed
$4,585,000 · Cashmere Valley Bank
May 23, 2016
—
Harjot Diamond Hotel Corp
Sandhu,dial S & Jaswant
Quit Claim Deed
related
—
Jan 22, 2014
—
Dial S Sandhu
Koler,rand L
Grant Deed
related
—
Aug 1, 2007
—
Harjot Diamond Hotel Corp
Gill,sukhmander S
Quit Claim Deed
related
—
Jun 29, 2007
—
Sukhmander S Gill
Gill,jaswant
Quit Claim Deed
related
—
—
—
Harjot Diamond Hotel Corp
—
Deed Of Trust
related
$5,510,000 · National Bank Commerce Tr & Sa
—
—
Harjot Diamond Hotel
—
Deed Of Trust
related
$5,506,527 · National Bank Commerce Tr & Sa
—
—
Harjot Diamond Hotel Corp
—
Deed Of Trust
related
$250,000 · Parmjit & Ranjit Khaira
—
—
Bhg Wenatchee LLC
—
Deed Of Trust
related
$815,000 · Cashmere Vly Bk
—
—
Harjot Diamond Hotel Corp
—
Deed Of Trust
related
$100,000 · National Bank Commerce Tr & Sa
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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