Retail Space in Richland,
For Sale
Contact for pricing
1329 Lee Blvd, Richland, WA
Available retail space in Richland, Washington, totaling 17494 square feet.
Property Size17,494 SF
Lot Size1.54 Acres
Price / SF$257.23
Days on Market341
Property Features for 1329 Lee Blvd
General Information
Standard status
Active
Size
17,494 SF
Lot size
1.54 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 1329 Lee Blvd
Former Rite Aid
AVAILABLE
Size
17,494 SF
Type
RETAIL
Lease Type
NNN
Listing Agency:
Kidder Mathews
(425) 454-7040
Listed By:
Robert Coron · License #20120843
(425) 785-5641
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Oct 25
Last Checked: Oct 24 at 8:26PM
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 Kidder Mathews
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 retail space is available for rent in Richland, Washington. The property offers a total area of 17494 square feet.
Key Highlights
- Retail space available.
- Located in Richland, Washington.
- Totaling 17494 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,876
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,117,520
$4.1M
Cap Rate 7%
$2,941,086
$2.9M
Cap Rate 9%
$2,287,511
$2.3M
Market Conditions
NOI Build-Up for 17,494 SF
Gross rent
$314.9K $18.00/SF
− Vacancy
−$20.8K −$1.19/SF
EGI
$294.1K $16.81/SF
− OpEx
−$88.2K −$5.04/SF
NOI
$205.9K $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%
$4,117,520
Cap Rate 7%
$2,941,086
Cap Rate 9%
$2,287,511
Alternative Uses
Best Use
Retail
$2.94M
$2.57M – $3.43M
NOI $205,876 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.25M – $5.66M
NOI $339,653 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 49%
Hotels & Casinos 1%
Dutch Bros. Coffee
Dining
24,352 visits/mo
0.3 miles
Conoco
Shops & Services
7,987 visits/mo
0.1 miles
Les Schwab Tire Center
Shops & Services
3,982 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,902 visits/mo
0.3 miles
Bank of America
Shops & Services
3,837 visits/mo
0.3 miles
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 - Available retail space in Richland, Washington, totaling 17494 square feet.
Where is this retail space located?
The property is located at 1329 Lee Blvd Richland, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Retail space available.; Located in Richland, Washington.; Totaling 17494 square feet.
