Richland Retail/Office Suites
For Sale
Contact for pricing
P599-585 Stevens Dr, Richland, WA 99354
Retail and office suites for sale in Richland, WA.
Property Size1,680 SF
Price / SF$0.01
Days on Market170
Property Features for P599-585 Stevens Dr
General Information
Standard status
Active
Size
1,680 SF
Taxes and HOA fees
Annual Taxes
$16,084
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Vicki Monteagudo · License #23952
(509) 947-0323
Source:
Exprealty
Added: Apr 30
Changed: Oct 15
Last Checked: Oct 15 at 12:28AM
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
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Investment Insights
Based on property information with market context.
Located just east of Wellsian Way in Richland, Washington, this property features retail and office spaces with good visibility and access. The site includes two buildings with a total of four available suites: P595 (1,100 SF), P599 (1,680 SF), B563 (1,620 SF), and B565 (1,620 SF). The property is suitable for various retail or office uses, offering flexible leasing opportunities. The ownership is motivated and open to negotiation.
Key Highlights
- Excellent visibility and access due to its location just east of Wellsian Way.
- Flexible leasing opportunities suitable for various retail or office users.
- Four available suites with varying sizes: 1,100 SF, 1,680 SF, 1,620 SF, and 1,620 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,771
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,420
$395.4K
Cap Rate 7%
$282,443
$282.4K
Cap Rate 9%
$219,678
$219.7K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$30.2K $18.00/SF
− Vacancy
−$2.0K −$1.19/SF
EGI
$28.2K $16.81/SF
− OpEx
−$8.5K −$5.04/SF
NOI
$19.8K $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%
$395,420
Cap Rate 7%
$282,443
Cap Rate 9%
$219,678
Alternative Uses
Best Use
Office B
$368.4K
$322.4K – $429.8K
NOI $25,788 @ 7.0% cap · market cap 171,920.00%
Second Best
Retail
$282.4K
$247.1K – $329.5K
NOI $19,771 @ 7.0% cap · market cap 131,806.67%
Theoretical Best
Office A
$466.0K
$407.7K – $543.6K
NOI $32,618 @ 7.0% cap · market cap 217,453.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Check the figures for this property
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?
Retail space - Retail and office suites for sale in Richland, WA.
Where is this retail space located?
The property is located at P599-585 Stevens Dr Richland, WA.
What are key features of this property?
This property features: Excellent visibility and access due to its location just east of Wellsian Way.; Flexible leasing opportunities suitable for various retail or office users.; Four available suites with varying sizes: 1,100 SF, 1,680 SF, 1,620 SF, and 1,620 SF.
