Second-Floor Medical Office
969 Stevens Dr # 2C, Richland, WA 99352
For Sale
Contact for pricing
Two private offices and a conference room provide a practical layout for medical practice use.
Property Size11,443 SF
Price / SF$0.12
Days on Market106
Property Features for 969 Stevens Dr # 2C
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Utilities to Site
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Crown Property Management
Listed By:
Harlan Huston · License #Washington 114530
(509) 851-2743
Source:
Desertedgerealtygroup
Added: Jul 24
Changed: Nov 4
Last Checked: Nov 6 at 7:49AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 2C is a second-floor medical office with two offices and a conference room. Its flooring was replaced in 2023. The building, constructed in 1986, is across from Kadlec Medical Center and near George Washington Way and the Columbia River.
Key Highlights
- Two offices and a conference room
- Second‑floor medical office suite
- Flooring replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,838
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,396,760
$3.4M
Cap Rate 7%
$2,426,257
$2.4M
Cap Rate 9%
$1,887,089
$1.9M
Market Conditions
NOI Build-Up for 11,443 SF
Gross rent
$302.1K $26.40/SF
− Vacancy
−$19.0K −$1.66/SF
EGI
$283.1K $24.74/SF
− OpEx
−$113.2K −$9.89/SF
NOI
$169.8K $14.84/SF
Area
Benton County, WA
Vacancy
6.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,396,760
Cap Rate 7%
$2,426,257
Cap Rate 9%
$1,887,089
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,651 @ 7.0% cap · market cap 12,868.21%
Second Best
Healthcare Medical
$2.43M
$2.12M – $2.83M
NOI $169,838 @ 7.0% cap · market cap 12,442.34%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,171 @ 7.0% cap · market cap 16,276.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,939
Businesses Nearby
Under-served
Demand for This Use
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
Market
Properties on Market for Medical Office Space in Benton County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Horse Sense Vet — 943 Stevens Dr, Richland, WA 99352
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two private offices and a conference room provide a practical layout for medical practice use.
Where is this medical office space located?
The property is located at 969 Stevens Dr # 2C Richland, WA.
What are key features of this property?
This property features: Two offices and a conference room; Second‑floor medical office suite; Flooring replaced in 2023
