Open-Plan Retail
For Sale
Contact for pricing
214 Torbett # B, Richland, WA 99352
The suite includes two restrooms and entrances from both the parking area and Torbett.
Property Size1,260 SF
Price / SF$1.11
Days on Market140
Property Features for 214 Torbett # B
General Information
Standard status
Active
Size
1,260 SF
Property subtype
COMMERCIAL
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,108
Building Details
Building Size
1,260 SF
Year Built
1975
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Source:
Desertedgerealtygroup
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 SVN Retter & Company
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 B offers 1,260 square feet of open retail space, with two restrooms and a layout ready for occupancy. Built in 1975, the space can be entered from the parking lot or Torbett.
Key Highlights
- 1,260‑square‑foot open retail suite
- Two restrooms
- Access from both the parking lot and Torbett
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,828
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,560
$296.6K
Cap Rate 7%
$211,829
$211.8K
Cap Rate 9%
$164,756
$164.8K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$22.7K $18.00/SF
− Vacancy
−$1.5K −$1.19/SF
EGI
$21.2K $16.81/SF
− OpEx
−$6.4K −$5.04/SF
NOI
$14.8K $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%
$296,560
Cap Rate 7%
$211,829
Cap Rate 9%
$164,756
Alternative Uses
Best Use
Retail
$211.8K
$185.4K – $247.1K
NOI $14,828 @ 7.0% cap · market cap 1,059.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.5K
$305.8K – $407.7K
NOI $24,463 @ 7.0% cap · market cap 1,747.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 37%
Home Improvements & Furnishings 12%
Electronics 2%
McDonald's
Dining
32,908 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,224 visits/mo
0.4 miles
Circle K
Shops & Services
19,214 visits/mo
0.1 miles
Griggs Ace Hardware & Sporting Goods - Richland
Home Improvements & Furnishings
16,755 visits/mo
0.0 miles
Denny's
Dining
15,085 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The suite includes two restrooms and entrances from both the parking area and Torbett.
Where is this retail space located?
The property is located at 214 Torbett # B Richland, WA.
What are key features of this property?
This property features: 1,260‑square‑foot open retail suite; Two restrooms; Access from both the parking lot and Torbett
