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

    217 Torbett Street Richland, WA 99354

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,700/Mo $25 SF/Yr (calc)

    816 SF office space with lab build-out available for rent.

    Type:Office
    Property size:
    816 SF
    Added:
    Nov 21, 2025
    Days on Market:
    166
    Last Refresh:
    Apr 6 at 12:12 am

    Property Features for 217 Torbett Street

    General Information

    Standard status
    Active
    Size
    816 SF
    Property subtype
    Office

    Building Details

    Year Built
    2011

    Spaces For Lease

    at 217 Torbett Street Contact us

    We can help!

    Listing Contact
    Scott Sautell

    Listing agent Scott Sautell License #WA #109003

    Listing office SVN Retter & Company

    Listing date Nov 21, 2025

    Source Svn

    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

    HighLights

    • Hard to find small office space in Richland.
    • Built out as a lab, suitable for office use.
    • Convenient location off George Washington Way.
    • Private entry and back exit.
    • Ample parking and beautifully landscaped.
    • Two ADA restrooms.

    Overview

    Small Office Space in Richland

    This 816 square foot office space is located in Richland, Washington, just off George Washington Way. The space, previously built out as a lab, features a glass front entry, waiting room, several offices, and two ADA restrooms. It includes three rooms with cabinetry and sinks, a small office with a restroom, and an open room in the back with cabinetry. The property is beautifully landscaped and offers ample parking. The space has its own entry and a back exit. The other tenant in the building is a cardiology doctor. The monthly rent is $1,700, with the tenant responsible for utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sagebrush Health Pediatrician Patricia Hernandez, PA Physician Absolute Home Health Home Health Care Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.276
    Latitude
    46.2919

    Nearby Similar for Lease

    • Contact for pricing

      Richland Waterfront District Office Space

      Small, private office spaces available in multi-tenant building.
      1212 Columbia Park Trl, Richland, WA 99352
      View Details
    • $18 SF/Yr

      Professional Office Suite For Rent

      Premier Richland office suite with negotiable lease terms available now.
      400 Columbia Point Dr, Richland, WA
      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
    • $13 SF/Yr

      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

      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

      Medical Office Space Available

      Medical office space for lease in Richland's medical district.
      948 Stevens Drive, Richland, WA 99352
      View Details
    • $6,550/Mo

      Richland Airport Business Park Flex

      Two move-in ready, heated and cooled buildings in Richland.
      1893 Airport Way & 1941 Terminal Drive, Richland, WA 99352
      View Details
    • $12 SF/Yr

      Fenced Yard with Office/Warehouse

      Office and warehouse space with a large fenced yard.
      2746 Kingsgate Way, Richland, WA 99354
      View Details
    • $1,700/Mo

      Jadwin Avenue Cafe/Coffee Shop

      Cafe/Coffee shop suite available for lease with high foot traffic.
      615 Jadwin Ave, Richland, WA 99352
      View Details
    • $3,500/Mo

      Queensgate Village Office Space

      Office space in Richland with reception, offices, and breakroom.
      1950 Keene Building F, Richland, WA 99352
      View Details
    • $17 SF/Yr

      Medical Office Near Kadlec Hospital

      Two-story professional building near Kadlec Hospital with flexible layout.
      829 Goethals Dr, Richland, WA 99352
      View Details
    • $3,664/Mo

      Functional Office Space in Richland

      Built-out office space with private offices, reception, and kitchenette.
      454 Stevens Dr, Richland, WA
      View Details

    FAQs

    What type of property is this?
    Office units - 816 SF office space with lab build-out available for rent.
    Where is this office units located?
    The property is located at 217 Torbett Street Richland, WA.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: Hard to find small office space in Richland.; Built out as a lab, **suitable for office use.**; Convenient location off George Washington Way.
    (509) 430-8986
    We can help!
    Listing Contact
    Scott Sautell
    Real Estate License ID: WA #109003
    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
    217 Torbett Street, Richland, WA 99354
    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!