Remodeled Retail Space with
For Sale
Contact for pricing
1825 LESLIE RD, Richland, WA 99352
An open layout and front service station support food-service operations and other retail uses.
Property Size8,250 SF
Price / SF$3.17
Days on Market282
Property Features for 1825 LESLIE RD
General Information
Standard status
Active
Size
8,250 SF
Property subtype
Retail
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$15,752
Amenities
dedicated kitchen area
front service station
Building Details
Building Size
8,250 SF
Year Built
1999
Year Renovated
2024
Listing Agency:
HomeSmart Elite Brokers
Listed By:
Octavio Rodriguez · License #23026811
(509) 231-9760
Source:
Desertedgerealtygroup
Added: Jan 18
Changed: Oct 27
Last Checked: Oct 27 at 3:33AM
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 HomeSmart Elite Brokers
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Investment Insights
Based on property information with market context.
This 8,250-square-foot retail space was remodeled in 2024 and has an open interior, a dedicated kitchen area, and a front service station. It is currently operating as a snack bar, with a layout suited to food-related business activity.
The property is at 1825 Leslie Road in Richland, at the Gage and Leslie intersection. The space is available as a sublease.
The property is at 1825 Leslie Road in Richland, at the Gage and Leslie intersection. The space is available as a sublease.
Key Highlights
- 8,250‑square‑foot retail space
- Remodeled in 2024
- Dedicated kitchen area and front service station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,089
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,780
$1.9M
Cap Rate 7%
$1,386,986
$1.4M
Cap Rate 9%
$1,078,767
$1.1M
Market Conditions
NOI Build-Up for 8,250 SF
Gross rent
$148.5K $18.00/SF
− Vacancy
−$9.8K −$1.19/SF
EGI
$138.7K $16.81/SF
− OpEx
−$41.6K −$5.04/SF
NOI
$97.1K $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%
$1,941,780
Cap Rate 7%
$1,386,986
Cap Rate 9%
$1,078,767
Alternative Uses
Best Use
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,101 @ 7.0% cap · market cap 486.51%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,089 @ 7.0% cap · market cap 371.63%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,177 @ 7.0% cap · market cap 613.12%
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
291
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 23%
Shops & Services 15%
Home Improvements & Furnishings 11%
Safeway
Groceries
33,293 visits/mo
0.1 miles
Speedway
Shops & Services
11,278 visits/mo
0.0 miles
Starbucks
Dining
10,493 visits/mo
0.1 miles
Ace Hardware
Home Improvements & Furnishings
8,311 visits/mo
0.2 miles
Papa Murphy's
Dining
3,564 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?
Retail space - An open layout and front service station support food-service operations and other retail uses.
Where is this retail space located?
The property is located at 1825 LESLIE RD Richland, WA.
What are key features of this property?
This property features: 8,250‑square‑foot retail space; Remodeled in 2024; Dedicated kitchen area and front service station
