26-Suite Mixed-Use
New
For Sale
$6,985,000
400 Bradley Blvd, Richland, WA 99352
Three buildings provide a multi-tenant configuration with a mix of professional, healthcare, insurance, engineering, and retail occupants.
Property Size33,885 SF
Price / SF$206.14
Days on Market2
Property Features for 400 Bradley Blvd
General Information
Standard status
Active
Size
33,885 SF
Property subtype
Mixed-Use
Occupancy
97%
Site & Location
Pylon Signage
Yes
Road Access
Yes
Additional Details
Cap Rate
7.72%
Office Units
26
Amenities
large pylon signage
stunning Columbia River views
97% Occupied Professional Center w/ Pending LOI for Remaining Suite
Diverse Tenant Mix
Strong Historical Occupancy | 5+ years for 77% of GLA
Unparalleled River Views Drive Rent Premiums
Prominent Signage, Ample Parking, Easy Access
High-Quality Construction | Well Maintained Asset
Parcelization Upside
Strategic Healthcare Location
Building Details
Building Size
33,885 SF
Year Built
2006
Buildings
3
Tenancy
Multi
Listed By:
Clay Brown · License #License(s): WA: 123258, ID: SP56979
(206) 826-5787
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:18AM
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 Clay Brown
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Investment Insights
Based on property information with market context.
River Walk Village is a 33,885-square-foot mixed-use property comprising 26 suites in three buildings on three tax parcels. Built in 2006, the center is 97% occupied, with tenants across healthcare, insurance, engineering, professional services, and retail. Nearly 77% of its gross leasable area is occupied by tenants with at least five years of tenure. One freestanding building is leased to Marsh & McLennan Insurance, and most upper-floor suites have Columbia River views.
Located at 400 Bradley Blvd in Richland, the property is less than five minutes from Kadlec Regional Medical Center and is surrounded by healthcare services. Five points of ingress and egress, large pylon signage, and ample parking serve the center. Within five miles, the property serves a population of more than 129,000; average household income in that area exceeds $120,000, and population growth since 2020 is nearly 9%.
Located at 400 Bradley Blvd in Richland, the property is less than five minutes from Kadlec Regional Medical Center and is surrounded by healthcare services. Five points of ingress and egress, large pylon signage, and ample parking serve the center. Within five miles, the property serves a population of more than 129,000; average household income in that area exceeds $120,000, and population growth since 2020 is nearly 9%.
Key Highlights
- 26 suites across three buildings and three tax parcels
- 33,885 square feet; built in 2006
- 97% occupied; nearly 77% of GLA is occupied by tenants with 5+ years of tenure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$520,136
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,402,720
$10.4M
Cap Rate 7%
$7,430,514
$7.4M
Cap Rate 9%
$5,779,289
$5.8M
Market Conditions
NOI Build-Up for 33,885 SF
Gross rent
$744.1K $21.96/SF
− Vacancy
−$50.6K −$1.49/SF
EGI
$693.5K $20.47/SF
− OpEx
−$173.4K −$5.12/SF
NOI
$520.1K $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%
$10,402,720
Cap Rate 7%
$7,430,514
Cap Rate 9%
$5,779,289
Alternative Uses
Best Use
Office B
$7.43M
$6.50M – $8.67M
NOI $520,136 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$3.91M
$3.42M – $4.56M
NOI $273,554 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$9.40M
$8.22M – $10.96M
NOI $657,892 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
26
Office units
97%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings provide a multi-tenant configuration with a mix of professional, healthcare, insurance, engineering, and retail occupants.
Where is this mixed-use property located?
The property is located at 400 Bradley Blvd Richland, WA.
What is the asking price?
The asking price for this property is $6,985,000.
What are key features of this property?
This property features: 26 suites across three buildings and three tax parcels; 33,885 square feet; built in 2006; 97% occupied; nearly 77% of GLA is occupied by tenants with 5+ years of tenure
