Remodeled Endcap Retail
For Sale
Contact for pricing
1177 Lee Blvd, Richland, WA 99352
The open-plan suite includes a bathroom, with tenant improvements negotiable based on lease rate and term.
Property Size676 SF
Price / SF$0.03
Days on Market170
Property Features for 1177 Lee Blvd
General Information
Standard status
Active
Size
676 SF
Property subtype
COMMERCIAL
Building Details
Building Size
676 SF
Year Built
1953
Listing Agency:
SVN Retter & Company
Listed By:
Aaron Rowe · License #100550
(509) 308-1401
Source:
Desertedgerealtygroup
Added: May 11
Changed: Oct 26
Last Checked: Oct 26 at 2:12PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 676-square-foot endcap retail suite was built in 1953 and has been remodeled. Its open layout includes a bathroom, and tenant improvements are negotiable depending on the lease rate and term.
The property is at 1177 Lee Blvd in Richland, within walking distance of restaurants and coffee shops.
The property is at 1177 Lee Blvd in Richland, within walking distance of restaurants and coffee shops.
Key Highlights
- 676‑square‑foot endcap retail suite
- Remodeled interior with open layout and bathroom
- Tenant improvements negotiable based on lease rate and term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,100
$159.1K
Cap Rate 7%
$113,643
$113.6K
Cap Rate 9%
$88,389
$88.4K
Market Conditions
NOI Build-Up for 676 SF
Gross rent
$12.2K $18.00/SF
− Vacancy
−$803 −$1.19/SF
EGI
$11.4K $16.81/SF
− OpEx
−$3.4K −$5.04/SF
NOI
$8.0K $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%
$159,100
Cap Rate 7%
$113,643
Cap Rate 9%
$88,389
Alternative Uses
Best Use
Retail
$113.6K
$99.4K – $132.6K
NOI $7,955 @ 7.0% cap · market cap 39,775.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.5K
$164.1K – $218.8K
NOI $13,125 @ 7.0% cap · market cap 65,625.00%
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
1,965
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 28%
Hotels & Casinos 5%
Wendy's
Dining
27,463 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
24,352 visits/mo
0.4 miles
Burger King
Dining
11,075 visits/mo
0.5 miles
Conoco
Shops & Services
7,987 visits/mo
0.2 miles
Jimmy John's
Dining
4,296 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 - The open-plan suite includes a bathroom, with tenant improvements negotiable based on lease rate and term.
Where is this retail space located?
The property is located at 1177 Lee Blvd Richland, WA.
What are key features of this property?
This property features: 676‑square‑foot endcap retail suite; Remodeled interior with open layout and bathroom; Tenant improvements negotiable based on lease rate and term
