Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Richland Freestanding Restaurant on Corner Lot Title is generated by Realmo AI

    1824 George Washington Way, Richland, WA 99354

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2,400 SF Richland restaurant on 0.51-acre corner lot.

    Type:Retail
    Property size:
    2,400 SF
    Lot size:
    0.51 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    82
    Last Refresh:
    Apr 5 at 11:15 pm

    Property Features for 1824 George Washington Way

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.51 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Chris Bell, SIOR

    Listing agent Chris Bell, SIOR

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Chris Bell, SIOR

    HighLights

    • High‑traffic location on George Washington Way
    • Freestanding 2,400‑square‑foot QSR building on a 0.51‑acre corner lot
    • Excellent visibility due to its prominent corner exposure
    • Established QSR infrastructure already in place
    • Potential for continued restaurant use or redevelopment
    • Remodeled in 2005

    Overview

    Located at 1824 George Washington Way in Richland, Washington, this freestanding quick-service restaurant (QSR) building offers 2,400 square feet of space. The building, constructed in 1984 and remodeled in 2005, is situated on a level 0.51-acre corner lot at the southeast intersection of George Washington Way and McMurray Street. Currently owner-occupied by a Subway restaurant, the property benefits from excellent visibility and high traffic counts along one of Richland’s primary north-south retail corridors. The property's corner exposure, established QSR infrastructure, and strategic location make it suitable for continued restaurant use or potential redevelopment in a high-demand commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.274
    Latitude
    46.2999

    Nearby Similar for Sale

    • $524,900
      3,526 SF

      Spacious Duplex in Central Richland

      Updated duplex with strong rental potential in a desirable location.
      1219 McPherson Ave, Richland, WA 99354
      View Details
    • $942,739
      7,125 SF

      Richland Commercial Property For Sale

      7,125 SF commercial property in the heart of Richland.
      1177 Jadwin Ave, Richland, WA 99352
      View Details
    • $1,115,000
      10,422 SF

      Richland Flex/Industrial/Office/Manufacturing Building

      Flex/industrial/office/manufacturing building featuring security and upgraded systems.
      2765 Salk Ave, Richland, WA 99354
      View Details
    • $965,000
      5,181 SF

      Fully Occupied Retail Center

      Neighborhood retail center with diverse tenants and ample parking.
      1217 Thayer Dr, Richland, WA 99352
      View Details
    • $942,739
      6,453 SF

      Richland Commercial Property Investment

      Fully occupied commercial property in Richland with high visibility.
      1177 Jadwin Ave, Richland, WA
      View Details
    • $24
      2,025 SF

      Premier Richland Office Suite

      Professional office suite with high visibility and convenient access.
      400 Columbia Point Drive, 101-A Richland, WA 99352
      View Details
    • $11,275
      9,430 SF

      Move-In Ready Retail/Flex Suite

      Retail/flex suite with highway frontage and excellent visibility.
      1953 - 1977 Fowler St, Richland, WA 99352
      View Details
    • Contact for pricing
      4,830 SF

      Richland Retail Building For Sale

      Two-tenant retail building in Richland, WA, fully occupied.
      93 W Gage Boulevard, Richland, WA 99352
      View Details
    • $2,750,000

      Richland Office Building For Sale

      Office building with national tenant, prime location, ample parking.
      1766 Fowler St, Richland, WA 99352
      View Details
    • $14
      20,530 SF

      Remodeled Flex Space in Richland

      Newly remodeled 20,530 SF building near Hanford companies.
      3170 George Washington Way, Richland, WA 99354
      View Details
    • $19
      4,088 SF

      Office/Retail Building with Drive-Thru

      2,608 SF office/retail building with drive-thru and ample parking.
      800 Dalton St, Richland, WA 99354
      View Details
    • $13,050,000

      Richland Office Building For Sale

      Fully occupied Class B office building with AAA tenant.
      450 Hills Street, Richland, WA 99354
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 2,400 SF Richland restaurant on 0.51-acre corner lot.
    Where is this drive through restaurant located?
    The property is located at 1824 George Washington Way Richland, WA.
    What are key features of this property?
    This property features: High‑traffic location on George Washington Way; Freestanding 2,400‑square‑foot QSR building on a 0.51‑acre corner lot; Excellent visibility due to its prominent corner exposure
    (509) 622-3538
    We can help!
    Listing Contact
    Chris Bell, SIOR
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1824 George Washington Way, Richland, WA 99354
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!