Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd Van Giesen St Richland, WA 99353

    • Land
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Van Giesen St

    Lot size
    0.56 lot acres
    Property type
    Land

    Description

    This exceptional .56-acre commercial land parcel in West Richland, Washington, presents a unique development opportunity. Located on Van Giesen Street, this property boasts significant frontage and is zoned Commercial General, allowing for a wide range of commercial uses. The asking price is $275,000, translating to $491,071 per acre. Utilities are readily available, and the property comes complete with a topographical survey, geotechnical study, and elevation data, streamlining the development process. The seller is providing these valuable documents to expedite the construction timeline. Benefiting from its strategic location, this lot is ideally situated near a new housing development and recently improved roadways, including a new roundabout, ensuring high visibility and accessibility. This "pad-ready" site is perfect for immediate construction, making it an attractive investment for developers seeking a prime location in a thriving area. The APN is 131083030002006. The property's address is TBD Van Giesen Street, West Richland, WA 99353, and is situated in Benton County. Detailed information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.325
    Latitude
    46.2966

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      W

      VACANT COMMERCIAL LAND • 0.11 Acres
      W, Richland, WA 99353
      View Details
    • Value Estimation by Request
      0.29 Acres

      4476 Van Giesen St

      VACANT COMMERCIAL LAND • 0.29 Acres
      4476 Van Giesen St, West Richland, WA 99353-5411
      View Details
    • Value Estimation by Request
      0.34 Acres

      3892 Van Giesen St

      VACANT COMMERCIAL LAND • 0.34 Acres
      3892 Van Giesen St, West Richland, WA 99353-5034
      View Details
    • Value Estimation by Request
      0.29 Acres

      5970 Van Giesen St

      VACANT COMMERCIAL LAND • 0.29 Acres
      5970 Van Giesen St, West Richland, WA 99353-9311
      View Details
    • Value Estimation by Request
      0.14 Acres

      W

      VACANT COMMERCIAL LAND • 0.14 Acres
      W, Richland, WA 99353
      View Details
    • Value Estimation by Request
      0.29 Acres

      W

      VACANT COMMERCIAL LAND • 0.29 Acres
      W, Richland, WA 99353
      View Details

    Similar Nearby for Sale

    • $1,900,000
      5.86 Acres

      West Richland Land For Sale

      5.86 acre land parcel in West Richland, Washington.
      5611/ Pl W Van Giesen, West Richland, WA 99353
      View Details
    • $2,070,000

      Development Opportunity in West Richland

      Land for development in rapidly expanding area with high traffic.
      3807 E Lattin Rd, West Richland, WA 99353
      View Details
    • $180,000
      0.29 Acres

      Residential Land in West Richland

      Land for residential development with city utilities and views.
      7103 Inca St, West Richland, WA 99353
      View Details
    • $140,000
      Pending

      Residential Land with Panoramic Views

      Residential land in West Richland with unobstructed panoramic views.
      5511 Hershey Ln, West Richland, WA 99353
      View Details
    • $200,000
      0.43 Acres

      West Richland Residential Lot

      Build-ready lot with panoramic river view in West Richland, WA.
      3560 Orchard St, West Richland, WA 99353
      View Details
    • $1,100,000
      15 SF

      Commercial Land with Van Giesen Frontage

      Commercial and residential land with city services available.
      W Van Giesen St, West Richland, WA 99353
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,920 SF

      Move-in Ready Retail/Office Space

      Retail or office space with excellent access, parking, and visibility.
      3805 W 40Th Ave, West Richland, WA 99353
      View Details
    • $2,400 /Mo
      3,032 SF

      Move-in Ready Office Space

      Office suites with excellent access, parking, and visibility.
      3805 West Van Giesen St, West Richland, WA 99353
      View Details
    • $13 SF/Yr
      10,360 SF

      New Industrial Space For Lease

      New industrial spaces with individual entrances, overhead doors, and yard.
      7963 W Van Giesen St, West Richland, WA 99353
      View Details
    • $3,550 /Mo
      1,340 SF

      West Richland Retail Space Available

      Retail space in new Dutch Bros. Plaza, West Richland.
      6435-6453 Keene Rd, West Richland, WA 99353
      View Details
    • $4,250 /Mo
      2,256 SF

      West Richland Tasting Room For Lease

      Tasting room with food truck pad site available for lease.
      8011 Keene Rd, West Richland, WA 99353
      View Details
    • $20 SF/Yr
      5,400 SF

      West Richland Flex Space

      Modern Flex Building, 5,400 sq ft, 1.42 acres
      4771 Van Giesen St, West Richland, WA 99353
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Van Giesen St
    Richland, WA 99353
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.