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Property profile & analytics
FOR SALE
Commercial real estate
1080 George Washington Way, Richland, WA 99352
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1780365
For Sale
1 / 4
$350,000
1080 George Washington Way, Richland, WA 99352
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Construction
CONCRETE
Total area
11,026 SF
Lot
1.74 ac (75,794 SF)
APN
111981013323001
UPID
US90-1780365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fresh Leaf Co. Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.15M
Owner & transaction history
Vandervert Developments LLC · 7 yrs held
Vandervert Developments LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,270,000
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,320,460
Assessed 2023
Previous assessed
$3,199,530
+3.8% YoY
Assessed land
$1,007,730
Assessed improvement
$2,312,730
Land market value
$1,007,730
Improvement market value
$2,312,730
Total market value
$3,320,460
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2019
Construction
CONCRETE
Heating
YES
Total area
11,026 SF
Lot
1.74 ac (75,794 SF)
APN
111981013323001
UPID
US90-1780365
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
YES
Lot
1.74 ac
Current owner
From public records · entity-resolved
Vandervert Developments LLC
Entity
Mailing address
12906 N ADDISON ST, SPOKANE, WA 99218-8204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Vandervert Developments LLC
—
Deed
related
$2,331,000 · Washington Trust Bank
Oct 15, 2018
—
Vandervert Developments LLC
—
Trustees Deed
related
$2,625,000 · Washington Fed'l Svgs
Sep 7, 2018
—
Vandervert Developments LLC
Richland Riverview LLC
Quit Claim Deed
related
—
Dec 1, 2016
—
Richland Riverview LLC
—
Deed
related
$795,000 · Washington Trust Bank
Mar 5, 2014
—
Hotel Investors Richland LLC
Richland Riverview Condos LLC
Quit Claim Deed
related
—
—
—
Richland Riverview LLC
—
Loan Modification
related
$1,400,000 · 2011-sip-2 Venture LLC
—
—
Richland Riverview LLC
—
Loan Modification
related
$1,400,000 · 2011-sip-2 Venture LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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