Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5069 Ava Way Richland, WA 99352

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail - Richland, WA

    Type:Retail
    Lot size:
    2.02 Acres
    Added:
    Oct 3, 2024
    Days on Market:
    581
    Last Refresh:
    May 6 at 4:06 pm

    Property Features for 5069 Ava Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    See Remarks
    Standard status
    Active
    Lot size
    2.02 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1698

    Building Details

    Year built
    2024
    Architectural style
    Other

    We can help!

    Listing Contact
    Derrick Stricker
    Derrick Stricker

    Listing agent Derrick Stricker License #22021066

    Listing office StrickerCRE 8486 Gage Blvd Ste D, Kennewick, WA

    Listing date Oct 3, 2024

    MLS# 273234 Listing URL

    Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Year Built: 2024 (New Construction)

    Overview

    Richland Retail Opportunity

    This retail property is located in Richland, Washington. The lot size is 2.02 acres. Zoning information is available in the remarks.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.378
    Latitude
    46.3844

    Nearby Similar for Sale

    • $479,900
      3,200 SF

      Richland Duplex with Income Potential

      Income-producing duplex in a quiet neighborhood with updated features.
      213 Casey Ave, Richland, WA 99352
      View Details
    • $535,000
      3,526 SF

      Spacious Richland Duplex Investment

      Updated duplex in Central Richland with strong income potential.
      1219 McPherson Ave, Richland, WA 99354
      View Details
    • $425,000
      2,350 SF

      Richland Duplex Investment Opportunity

      Duplex in Richland, WA. Seller financing available.
      510 Goethals, Richland, WA 99352
      View Details
    • $942,739
      7,125 SF

      Richland Commercial Property For Sale

      7,125 SF commercial property in the heart of Richland.
      1177 Jadwin Ave, Richland, WA 99352
      View Details
    • $1,115,000
      10,422 SF

      Richland Flex/Industrial/Office/Manufacturing Building

      Flex/industrial/office/manufacturing building featuring security and upgraded systems.
      2765 Salk Ave, Richland, WA 99354
      View Details
    • $965,000
      5,181 SF

      Fully Occupied Retail Center

      Neighborhood retail center with diverse tenants and ample parking.
      1217 Thayer Dr, Richland, WA 99352
      View Details
    • $942,739
      6,453 SF

      Richland Commercial Property Investment

      Fully occupied commercial property in Richland with high visibility.
      1177 Jadwin Ave, Richland, WA
      View Details
    • $6,375,000
      25,000 SF

      Grocery-Anchored Dollar Tree NNN Investment

      Grocery-anchored Dollar Tree NNN investment property for sale.
      81 Columbia Point Dr, Richland, WA 99352
      View Details
    • $7,945,600
      126,000 SF

      Richland Office Building for Sale

      Seven-story office building in Richland's hospital district, approximately 126,000 SF.
      1200 Jadwin Avenue, Richland, WA 99352
      View Details
    • $17
      7,700 SF

      New Retail/Office Space Available

      Shell space in Horn Rapids Business Park, design your suite.
      2385 Robertson Dr, Richland, WA 99354
      View Details
    • $24
      2,025 SF

      Premier Richland Office Suite

      Professional office suite with high visibility and convenient access.
      400 Columbia Point Drive, 101-A Richland, WA 99352
      View Details
    • $11,275
      9,430 SF

      Move-In Ready Retail/Flex Suite

      Retail/flex suite with highway frontage and excellent visibility.
      1953 - 1977 Fowler St, Richland, WA 99352
      View Details

    FAQs

    What type of property is this?
    Specialty property - 2.02 acre retail property in Richland, Washington.
    Where is this specialty property located?
    The property is located at 5069 Ava Way Richland, WA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Year Built: 2024 (New Construction)
    (509) 430-8533
    We can help!
    Listing Contact
    Derrick Stricker
    Derrick Stricker
    Real Estate License ID: 22021066
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5069 Ava Way, Richland, WA 99352
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!