Retail Suite with Shared
For Sale
Contact for pricing
430 George Washington Way # 103, Richland, WA 99352
Open-plan space suits retail or office use, with separately metered electricity and natural gas.
Property Size950 SF
Price / SF$2.26
Days on Market71
Property Features for 430 George Washington Way # 103
General Information
Standard status
Active
Size
950 SF
Property subtype
COMMERCIAL
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$23,335
Building Details
Building Size
950 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
EverStar Realty
Listed By:
Mary Williams
(509) 521-0673
Source:
Desertedgerealtygroup
Added: Aug 18
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 EverStar Realty
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.
This 950-square-foot retail suite was built in 2004 and offers an open layout that can accommodate retail or office use. A shared vestibule provides entry alongside the neighboring insurance tenant.
The space backs up to George Washington Way in Richland. Existing nearby tenants include a restaurant, fitness gym, jewelry stores, and an insurance business. Electricity and natural gas are separately metered, while water, sewer, and garbage service are included.
The space backs up to George Washington Way in Richland. Existing nearby tenants include a restaurant, fitness gym, jewelry stores, and an insurance business. Electricity and natural gas are separately metered, while water, sewer, and garbage service are included.
Key Highlights
- 950 square feet of open retail or office space
- Shared entry vestibule with neighboring insurance tenant
- Separately metered electricity and natural gas; water, sewer, and garbage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,180
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,600
$223.6K
Cap Rate 7%
$159,714
$159.7K
Cap Rate 9%
$124,222
$124.2K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$17.1K $18.00/SF
− Vacancy
−$1.1K −$1.19/SF
EGI
$16.0K $16.81/SF
− OpEx
−$4.8K −$5.04/SF
NOI
$11.2K $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%
$223,600
Cap Rate 7%
$159,714
Cap Rate 9%
$124,222
Alternative Uses
Best Use
Retail
$159.7K
$139.8K – $186.3K
NOI $11,180 @ 7.0% cap · market cap 520.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 857.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Hotels & Casinos 22%
Dining 12%
Chase Bank
Shops & Services
3,902 visits/mo
0.3 miles
Bank of America
Shops & Services
3,837 visits/mo
0.4 miles
U.S. Bank
Shops & Services
3,813 visits/mo
0.3 miles
Hampton Inn Richland/Tri-Cities
Hotels & Casinos
3,504 visits/mo
0.2 miles
Conoco
Shops & Services
2,819 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan space suits retail or office use, with separately metered electricity and natural gas.
Where is this retail space located?
The property is located at 430 George Washington Way # 103 Richland, WA.
What are key features of this property?
This property features: 950 square feet of open retail or office space; Shared entry vestibule with neighboring insurance tenant; Separately metered electricity and natural gas; water, sewer, and garbage included
