Seven-Office Professional
For Sale
Contact for pricing
1933 Jadwin Avenue Unit 120, Richland, WA 99354
A first-floor layout includes a reception area, basement storage, and access to building network service.
Property Size22,342 SF
Price / SF$0.07
Days on Market216
Property Features for 1933 Jadwin Avenue Unit 120
General Information
Standard status
Active
Size
22,342 SF
Property subtype
Office
Additional Details
Floor
First Floor
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,523
Amenities
HLAN network to building
monument signage
available storage in building's basement
Building Details
Building Size
22,342 SF
Year Built
1976
Listing Agency:
Crown Property Management
Listed By:
Harlan Huston · License #114530
(509) 851-2743
Source:
Desertedgerealtygroup
Added: Mar 27
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Crown Property Management
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.
Suite 120 is a 1,250 +/- SF first-floor office unit with seven offices and a reception and waiting area. Basement storage is available within the building, and HLAN network service reaches the property. The building, constructed in 1976, has new HVAC units and monument signage.
Located on Jadwin Avenue in Richland, the suite is offered on a modified gross lease, with a pro-rata share of utilities.
Located on Jadwin Avenue in Richland, the suite is offered on a modified gross lease, with a pro-rata share of utilities.
Key Highlights
- 1,250 +/- SF first‑floor office suite
- Seven offices and a reception/waiting area
- Basement storage available in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,951
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,859,020
$6.9M
Cap Rate 7%
$4,899,300
$4.9M
Cap Rate 9%
$3,810,567
$3.8M
Market Conditions
NOI Build-Up for 22,342 SF
Gross rent
$490.6K $21.96/SF
− Vacancy
−$33.4K −$1.49/SF
EGI
$457.3K $20.47/SF
− OpEx
−$114.3K −$5.12/SF
NOI
$343.0K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,859,020
Cap Rate 7%
$4,899,300
Cap Rate 9%
$3,810,567
Alternative Uses
Best Use
Office B
$4.90M
$4.29M – $5.72M
NOI $342,951 @ 7.0% cap · market cap 20,898.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.20M
$5.42M – $7.23M
NOI $433,779 @ 7.0% cap · market cap 26,433.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A first-floor layout includes a reception area, basement storage, and access to building network service.
Where is this office unit located?
The property is located at 1933 Jadwin Avenue Unit 120 Richland, WA.
What are key features of this property?
This property features: 1,250 +/- SF first‑floor office suite; Seven offices and a reception/waiting area; Basement storage available in the building
