4-Suite Retail/Office
B565-585 Stevens Dr, Richland, WA 99354
For Sale
Contact for pricing
Two-building property with four available suites suited for retail or office users.
Property Size6,020 SF
Price / SF$0.00
Days on Market195
Property Features for B565-585 Stevens Dr
General Information
Standard status
Size
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Vicki Monteagudo · License WA #23952
(509) 947-0323
Source:
Exprealty
Added: Apr 30
Changed: Nov 3
Last Checked: Nov 10 at 10:31AM
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 NAI Tri-Cities Commercial
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 retail/office property is positioned just east of Wellsian Way in Richland, WA. The site includes two buildings and a total of four available suites.
Available suites are P595 (1,100 SF), P599 (1,680 SF), B563 (1,620 SF), and B565 (1,620 SF). The property is located at B565-585 Stevens Dr, providing access and visibility from the surrounding arterial area.
The layout supports a mix of retail or office users, with flexible leasing opportunities. Ownership is motivated and open to negotiate.
Available suites are P595 (1,100 SF), P599 (1,680 SF), B563 (1,620 SF), and B565 (1,620 SF). The property is located at B565-585 Stevens Dr, providing access and visibility from the surrounding arterial area.
The layout supports a mix of retail or office users, with flexible leasing opportunities. Ownership is motivated and open to negotiate.
Key Highlights
- Two‑building retail/office property with four available suites
- Suite P595: 1,100 SF
- Suite P599: 1,680 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,846
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,920
$1.4M
Cap Rate 7%
$1,012,086
$1.0M
Cap Rate 9%
$787,178
$787.2K
Market Conditions
NOI Build-Up for 6,020 SF
Gross rent
$108.4K $18.00/SF
− Vacancy
−$7.2K −$1.19/SF
EGI
$101.2K $16.81/SF
− OpEx
−$30.4K −$5.04/SF
NOI
$70.8K $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%
$1,416,920
Cap Rate 7%
$1,012,086
Cap Rate 9%
$787,178
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,407 @ 7.0% cap
Second Best
Retail
$1.01M
$885.6K – $1.18M
NOI $70,846 @ 7.0% cap
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,881 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 99354, WA
24,839
Population
10,807
Households
2.3
Avg Household Size
37
Median Age
42%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,039
Density / Sq Mi
$88,601
Median Household Income
$50,192
Median Earnings
$1,299
Median Rent
$355,400
Median Home Value
Market
Properties on Market for Retail space in Richland
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Two-building property with four available suites suited for retail or office users.
Where is this retail space located?
The property is located at B565-585 Stevens Dr Richland, WA.
What are key features of this property?
This property features: Two‑building retail/office property with four available suites; Suite P595: 1,100 SF; Suite P599: 1,680 SF
