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    1177 Jadwin Ave Richland, WA 99352

    For Sale
    $1,000,000

    High-yield office building, excellent location, strong cash flow.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a fully occupied commercial office building situated at 1177 Jadwin Avenue in Richland, Washington. The property encompasses 6,453 square feet on a 0.49-acre lot and boasts a compelling 7.25% capitalization rate based on the pro forma financial projections. Constructed in 1965, the building retains its classic appeal while offering modern functionality. The six individual suites, each of varying sizes, cater to a diverse tenant base, ensuring consistent occupancy and a stable income stream. Its strategic location within Richland's bustling commercial corridor guarantees high visibility and accessibility, attracting a steady flow of potential clients. The property benefits from its position along major thoroughfares, providing convenient access for both tenants and customers. This well-maintained building presents a significant value-add potential for discerning investors seeking a strong return on investment in a prime location. The current occupancy and established cash flow make this an attractive opportunity for those seeking a stable and profitable commercial real estate asset in the thriving Richland market. The property's size and layout offer flexibility for future expansion or redevelopment, further enhancing its long-term value.

    Property Features for 1177 Jadwin Ave

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1965
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mid-Columbia Mastersingers Association / Organization American Diabetes Association Non-Profit Organization Kerri Feeney Law ... Attorney RC Engineering & Construction ... Engineering Consultant Melinda Johnson, LICSW Social Worker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.2776
    Latitude
    46.28372

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield office building, excellent location, strong cash flow.
    Where is this office property / space located?
    The property is located at 1177 Jadwin Ave Richland, WA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (509) 591-9949
    Request Owner's contact information
    1177 Jadwin Ave Richland, WA 99352
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    Richland, WA 99352
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    Realmo Value Estimation

    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.

    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.

    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
    1177 Jadwin Ave Richland, WA 99352
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