Retail Investment Opportunity For
For Sale
Contact for pricing
1301 Jadwin Ave, Richland, WA 99354
Net leased retail investment opportunity on signaled corner.
Property Size3,075 SF
Price / SF$317.07
Days on Market193
Property Features for 1301 Jadwin Ave
General Information
Standard status
Active
Size
3,075 SF
Property subtype
Retail
Occupancy
30%
Lease Type
Net
Investment Type
Net Lease
Building Details
Units
3
Listing Agency:
Clark Pacific
(509) 325-3333
Listed By:
Marshall Clark · License #WA 21028
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 10 at 12:28PM
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 Clark Pacific
Investment Insights
Based on property information with market context.
This net leased investment opportunity is for sale and situated on the signaled corner of Jadwin Avenue and Williams Boulevard. The property features a new pole sign, exterior, roof, common areas, and pavement. Access is facilitated by an easement on both adjoining properties. The current tenant is McCools Barbershop. Suites A and B are currently vacant. The property size is 3075 square feet.
Key Highlights
- Net leased investment opportunity
- Located on signaled corner of Jadwin Ave. & Williams Blvd.
- New exterior, roof, common areas and pavement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,188
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,760
$723.8K
Cap Rate 7%
$516,971
$517.0K
Cap Rate 9%
$402,089
$402.1K
Market Conditions
NOI Build-Up for 3,075 SF
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.
Gross rent
$55.4K $18.00/SF
− Vacancy
−$3.7K −$1.19/SF
EGI
$51.7K $16.81/SF
− OpEx
−$15.5K −$5.04/SF
NOI
$36.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,760
Cap Rate 7%
$516,971
Cap Rate 9%
$402,089
Alternative Uses
Best Use
Retail
$517.0K
$452.4K – $603.1K
NOI $36,188 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.9K
$746.3K – $995.0K
NOI $59,702 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,668
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 28%
Home Improvements & Furnishings 11%
Hotels & Casinos 1%
McDonald's
Dining
32,908 visits/mo
0.2 miles
Dollar Tree
Shops & Services
21,224 visits/mo
0.0 miles
Circle K
Shops & Services
19,214 visits/mo
0.3 miles
Griggs Ace Hardware & Sporting Goods - Richland
Home Improvements & Furnishings
16,755 visits/mo
0.3 miles
Denny's
Dining
15,085 visits/mo
0.2 miles
Demographics for 99354, WA
24,839
Population
10,807
Households
2.3
Avg Household Size
37
Median Age
42%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,039
Density / Sq Mi
$88,601
Median Household Income
$50,192
Median Earnings
$1,299
Median Rent
$355,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Net leased retail investment opportunity on signaled corner.
Where is this retail space located?
The property is located at 1301 Jadwin Ave Richland, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Net leased investment opportunity; Located on signaled corner of Jadwin Ave. & Williams Blvd.; New exterior, roof, common areas and pavement
