1217 Thayer Dr, Richland, WA 99352
Neighborhood retail center with diverse tenants and ample parking.
- Added:
- Feb 20, 2026
- Days on Market:
- 126
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1217 Thayer Dr
General Information
- Standard status
- Active
- Size
- 5,181 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1943
Listing office SVN | Retter & Company (509) 430-2378
Listing date Feb 20, 2026
Source Crexi
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
- Fully occupied retail center providing immediate income
- Diverse tenant mix (coffee stand, preschool, fish wholesaler) reduces risk
- Established operating history indicates stability
- Expansive parking lot enhances customer accessibility
- Opportunity for a stable, passive investment
- Year Built: 1943
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.9k | $21.60 |
| − Vacancy | −$5.5k | −$1.06 |
| EGI | $106.4k | $20.54 |
| − OpEx | −$26.6k | −$5.14 |
| NOI | $79.8k | $15.41 |
Alternative Uses
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.2908545
- Latitude
- 46.2849403