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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Hotels
91 9th St, Wenatchee, WA 98801
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2722881
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2022
Total area
30,596 SF
Lot
1.04 ac (45,302 SF)
APN
222003861140
UPID
US90-2722881
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
$2.85M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.91M
Owner & transaction history
Wenatchee 8 LLC · 8 yrs held
Wenatchee 8 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+54.8%
Auto repair, garage
$4.1M
+36.0%
Restaurant
$4.1M
+35.4%
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 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%
$3,090,000
6.5%
$2,850,000
7%
$2,645,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,010,000
Current use
OFFICE BUILDING
$4,655,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,095,000
Change: +36% · Conversion: Difficult
RESTAURANT
$4,075,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,560,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$3,205,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±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
$95 / 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
$4,440
Tax year 2023
Assessed value
$4,786,365
Assessed 2022
Previous assessed
$453,025
+956.5% YoY
Effective rate
0.09%
On assessed value
Assessed land
$453,024
Assessed improvement
$4,333,341
Land market value
$453,024
Improvement market value
$4,333,341
Total market value
$4,786,365
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
2022
Heating
NONE
Total area
30,596 SF
Lot
1.04 ac (45,302 SF)
APN
222003861140
UPID
US90-2722881
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
HOTEL/MOTEL Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RESTAURANT
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
HOTEL/MOTEL Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2022
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Wenatchee 8 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
22246 PACIFIC HWY S, DES MOINES, WA 98198-5101
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Wenatchee 8 LLC
—
Deed
related
$130,000 · Wheatland Bank
Dec 12, 2019
—
Wenatchee 8 LLC
—
Trustees Deed
related
$4,073,847 · Wheatland Bk
Jun 15, 2018
$1,339,542
Wenatchee 8 LLC
Kamkon Dev LLC
Warranty Deed
—
Jul 2, 2008
$1,950,524
Kamkon Dev LLC
Campbell,donald G & Rita L
Warranty Deed
related
$1,541,952 · Donald G & Rita L Campbell
Jun 17, 2008
—
Donald G Campbell
Goodfellow Living Trust
Quit Claim Deed
related
—
Nov 19, 2004
$1,200,000
Donald G Campbell
Goodfellow Trust
Warranty Deed
related
—
—
—
Riverside & Ninth Apartments L
—
Deed Of Trust
related
$26,700,000 · Keybank Nat'l Assn/edgewood
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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