Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near Fred Meyer Title is generated by Realmo AI

    101 Wellsian Way, Richland, WA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in Richland, Washington near major traffic routes.

    Type:RETAIL
    Property size:
    1,067 SF
    Lot size:
    14.85 Acres
    Added:
    Apr 15, 2020
    Days on Market:
    2244
    Last Refresh:
    May 20 at 9:07 pm

    Property Features for 101 Wellsian Way

    General Information

    Standard status
    Active
    Size
    1,067 SF
    Lot size
    14.85 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 101 Wellsian Way Contact us

    We can help!

    Listing Contact
    Royce Cottle

    Listing agent Royce Cottle

    Listing office Leibsohn & Company

    Listing date Apr 15, 2020

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Leibsohn & Company

    HighLights

    • Fred Meyer Anchored Retail
    • High Traffic Location: 38,000 Vehicles Per Day
    • Excellent Access and Parking
    • Easy Access to US‑182 and WA‑240
    • Ideal Location for Restaurant, Retail, and Office Uses
    • Outdoor Seating Area

    Overview

    This retail space is located at the intersection of Wellsian Way and Aaron Dr, in Richland, Washington. The location benefits from a combined traffic count of 38,000 vehicles per day. The property offers easy access to US-182 and WA-240. The available space is 1,067 square feet. The location is suitable for restaurant, retail, and office uses. The property also features an outdoor seating area. The property benefits from excellent access and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fred Meyer Pharmacy Pharmacy Fred Meyer Fuel ... Gas Station Glamorous Nails Nail Salon Maria Luna, Realtor/Investor/Consultant Real Estate Agency higi Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coin Cloud Bitcoin ATM — 22 Goethals Dr, Richland, WA 99352
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 101 Wellsian Way, Richland, WA 99352

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.286
    Latitude
    46.2623

    Nearby Similar for Lease

    • $17 SF/Yr
      3,762 SF

      Remodeled Office/Warehouse in Richland

      Remodeled office and warehouse space in Richland's Technology Park.
      2920 George Washington Way Suite's 103 & 105, Richland, WA 99354
      View Details
    • $18 SF/Yr
      3,004 SF

      Professional Office Suite For Rent

      Premier Richland office suite with negotiable lease terms available now.
      400 Columbia Point Dr, Richland, WA
      View Details
    • $650/Mo
      144 SF

      Richland Waterfront District Office Space

      Small, private office spaces available in multi-tenant building.
      1212 Columbia Park Trl, Richland, WA 99352
      View Details
    • $13 SF/Yr
      4,000 SF

      Warehouse with Office in Richland

      4,000 SF warehouse with office space for lease.
      2510 Aileron Ln, Richland, WA 99354
      View Details
    • $13 SF/Yr
      6,160 SF

      Office/Retail Space in Richland

      Office/retail space available in November, located off Wright Ave.
      415 Wright Ave, Richland, WA 99352
      View Details
    • $15 SF/Yr
      9,376 SF

      Medical Office Space Available

      Medical office space for lease in Richland's medical district.
      948 Stevens Drive, Richland, WA 99352
      View Details
    • $1,700/Mo
      816 SF

      Small Office Space in Richland

      816 SF office space with lab build-out available for rent.
      217 Torbett Street, Richland, WA 99354
      View Details
    • $1,700/Mo
      29,536 SF

      Jadwin Avenue Cafe/Coffee Shop

      Cafe/Coffee shop suite available for lease with high foot traffic.
      615 Jadwin Ave, Richland, WA 99352
      View Details
    • $4,250/Mo
      2,256 SF

      West Richland Tasting Room For Lease

      Tasting room with food truck pad site available for lease.
      8011 Keene Rd, West Richland, WA 99353
      View Details
    • $950/Mo

      Professional Office Suite For Rent

      Single executive suite with utilities included and new interior.
      1491 Tapteal Dr, Richland, WA 99352
      View Details
    • $3,214/Mo
      1,540 SF

      Functional Office Space in Richland

      Built-out office space with private offices, reception, and kitchenette.
      454 Stevens Dr, Richland, WA
      View Details
    • $2,400/Mo
      3,032 SF

      Move-in Ready Office Space

      Office suites with excellent access, parking, and visibility.
      3805 West Van Giesen Street, West Richland, WA 99353
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Richland, Washington near major traffic routes.
    Where is this shopping center located?
    The property is located at 101 Wellsian Way Richland, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Fred Meyer Anchored Retail; High Traffic Location: **38,000 Vehicles Per Day**; Excellent Access and Parking
    (425) 586-4656 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Royce Cottle
    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
    101 Wellsian Way, Richland, WA
    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!