Retail Space with Monument
For Sale
Contact for pricing
1084 George Washington Way, Richland, WA 99352
Built in 2019, the property features an open interior suited to retail merchandising and customer service.
Property Size11,026 SF
Price / SF$0.23
Days on Market62
Property Features for 1084 George Washington Way
General Information
Standard status
Active
Size
11,026 SF
Property subtype
Retail
Amenities
monument signage
Building Details
Building Size
11,026 SF
Year Built
2019
Listing Agency:
SVN Retter & Company
Listed By:
Ashley Moala · License ##138102
(541) 379-1338
Source:
Desertedgerealtygroup
Added: Aug 27
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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 SVN Retter & Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,026-square-foot retail property was built in 2019. Its open interior supports merchandising and customer service, and the site includes monument signage and parking. The property fronts George Washington Way in Richland.
Key Highlights
- 11,026 square feet of retail space
- Built in 2019
- Frontage on George Washington Way in Richland
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,758
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,595,160
$2.6M
Cap Rate 7%
$1,853,686
$1.9M
Cap Rate 9%
$1,441,756
$1.4M
Market Conditions
NOI Build-Up for 11,026 SF
Gross rent
$198.5K $18.00/SF
− Vacancy
−$13.1K −$1.19/SF
EGI
$185.4K $16.81/SF
− OpEx
−$55.6K −$5.04/SF
NOI
$129.8K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,595,160
Cap Rate 7%
$1,853,686
Cap Rate 9%
$1,441,756
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,758 @ 7.0% cap · market cap 5,130.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,074 @ 7.0% cap · market cap 8,464.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,845
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 23%
Home Improvements & Furnishings 9%
Hotels & Casinos 1%
McDonald's
Dining
32,908 visits/mo
0.1 miles
Wendy's
Dining
27,463 visits/mo
0.3 miles
Dollar Tree
Shops & Services
21,224 visits/mo
0.2 miles
Circle K
Shops & Services
19,214 visits/mo
0.4 miles
Griggs Ace Hardware & Sporting Goods - Richland
Home Improvements & Furnishings
16,755 visits/mo
0.5 miles
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2019, the property features an open interior suited to retail merchandising and customer service.
Where is this retail space located?
The property is located at 1084 George Washington Way Richland, WA.
What are key features of this property?
This property features: 11,026 square feet of retail space; Built in 2019; Frontage on George Washington Way in Richland
