Retail Investment Opportunity For
1301 Jadwin Ave, Richland, WA 99354
For Sale
Contact for pricing
Net leased retail investment opportunity on signaled corner.
Property Size3,075 SF
Price / SF$317.07
Days on Market285
Property Features for 1301 Jadwin Ave
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Building Details
Units
Listing Agency:
Clark Pacific
Listed By:
Marshall Clark · License WA #21028
(509) 994-7331
Source:
Crexi
Added: Jan 30
Changed: Nov 8
Last Checked: Nov 10 at 7:00AM
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
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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 / Yr
$36,188
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
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
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 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.
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
1,668
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Richland
Vacancy Rate% for Retail in West region
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
