Retail Center with Outdoor
5101 Ava Way, Richland, WA 99352
For Sale
Contact for pricing
Commercial Sale, Richland, WA
Property Size10,952 SF
Lot Size1.34 Acres
Price / SF$0.00
Days on Market487
Property Features for 5101 Ava Way
General Information
Property type
Property subtype
Property condition
Zoning
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
Multiple Outdoor Patio Areas
Building Details
Year built
Buildings
Listing Agency:
Celski & Associates, Inc.
(509) 735-4148
Listed By:
Jill Sanders
(509) 948-2924
Added: Jul 16, 2025
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 285892
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,952-square-foot retail center is being built on 1.34 acres and comprises two buildings with seven units. Outdoor patio areas and on-site parking are part of the property. The site is zoned Mixed Use, and construction is underway for completion in 2026.
At 5101 Ava Way in Richland, the property is within walking distance of a city park and sports complex. The site plan also includes future walking paths connecting nearby commercial developments.
At 5101 Ava Way in Richland, the property is within walking distance of a city park and sports complex. The site plan also includes future walking paths connecting nearby commercial developments.
Key Highlights
- 10,952‑square‑foot retail center on 1.34 acres
- Seven units across two buildings
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,888
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,577,760
$2.6M
Cap Rate 7%
$1,841,257
$1.8M
Cap Rate 9%
$1,432,089
$1.4M
Market Conditions
NOI Build-Up for 10,952 SF
Gross rent
$197.1K $18.00/SF
− Vacancy
−$13.0K −$1.19/SF
EGI
$184.1K $16.81/SF
− OpEx
−$55.2K −$5.04/SF
NOI
$128.9K $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%
$2,577,760
Cap Rate 7%
$1,841,257
Cap Rate 9%
$1,432,089
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,888 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,638 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
10,075 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Newly constructed retail space is planned across two buildings, with on-site parking and several outdoor patio areas.
Where is this strip mall located?
The property is located at 5101 Ava Way Richland, WA.
What are key features of this property?
This property features: 10,952‑square‑foot retail center on 1.34 acres; Seven units across two buildings; Under construction with a 2026 year built
