Restaurant Suite with Outdoor
For Sale
Contact for pricing
133 Gage Blvd, Richland, WA 99352
A built-out dining space combines a large guest area with a fully equipped commercial kitchen.
Property Size5,200 SF
Price / SF$2.25
Days on Market192
Property Features for 133 Gage Blvd
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Retail
Restaurant
Commercial Hood
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$40,457
Building Details
Building Size
5,200 SF
Year Built
2006
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Source:
Desertedgerealtygroup
Added: Apr 20
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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
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Investment Insights
Based on property information with market context.
This 5,200-square-foot restaurant suite was built in 2006 and includes an expansive dining room, a lounge, and outdoor dining connected to the interior. The kitchen has two hoods, dedicated prep areas, service and pickup stations, a walk-in cooler and freezer, dry storage, and multiple sinks. A revolving entry door serves as a distinctive feature of the space.
The property is at 133 Gage Blvd in Richland, Washington.
The property is at 133 Gage Blvd in Richland, Washington.
Key Highlights
- 5,200‑square‑foot restaurant suite built in 2006
- Large dining room and separate lounge area
- Outdoor dining area accessible from inside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,112
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,240
$1.6M
Cap Rate 7%
$1,144,457
$1.1M
Cap Rate 9%
$890,133
$890.1K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$112.3K $21.60/SF
− Vacancy
−$5.5K −$1.06/SF
EGI
$106.8K $20.54/SF
− OpEx
−$26.7K −$5.14/SF
NOI
$80.1K $15.41/SF
Area
Benton County, WA
Vacancy
4.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,240
Cap Rate 7%
$1,144,457
Cap Rate 9%
$890,133
Alternative Uses
Best Use
Specialty Retail
$1.14M
$1.00M – $1.34M
NOI $80,112 @ 7.0% cap · market cap 684.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,960 @ 7.0% cap · market cap 862.91%
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
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
122k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Circle K
Shops & Services
29,317 visits/mo
0.3 miles
McDonald's
Dining
25,308 visits/mo
0.3 miles
Wingstop
Dining
20,641 visits/mo
0.0 miles
Bruchi's CheeseSteaks & Subs
Dining
9,549 visits/mo
0.4 miles
Costa Vida
Dining
7,063 visits/mo
0.1 miles
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
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?
Conventional restaurant - A built-out dining space combines a large guest area with a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 133 Gage Blvd Richland, WA.
What are key features of this property?
This property features: 5,200‑square‑foot restaurant suite built in 2006; Large dining room and separate lounge area; Outdoor dining area accessible from inside
