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Property profile & analytics
FOR SALE
Retail space
1135 Jadwin Ave Richland, WA 99352
Individually Owned
Free & Clear
Property ID
US90-1324355
For Sale
1 / 2
$6,230,000
1135 Jadwin Ave, Richland, WA 99352
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
CONCRETE
Total area
9,613 SF
Lot
0.82 ac (35,728 SF)
APN
111982020617006
UPID
US90-1324355
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
-
Stephen Ewer Physician
-
Dr. Sirshendu Banerjee Physician
-
Tauni Urdahl Physician
-
Prama Chakravarti Physician Medical Clinic
-
Athalia Clower Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$3.25M
Owner & transaction history
John And Ginger Niemeyer Foundation
John And Ginger Niemeyer Foundation
since 2026
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+140.3%
Restaurant
$2.4M
+35.9%
Office building
$2.2M
+22.7%
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
$4,285,000
ML approach
$4,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,225,000
Change: +140% · Conversion: Easy
RESTAURANT
$2,390,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$2,155,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.26M (Sep 15 2021)
Last sale anchor
$3.26M
Sep 15 2021
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
$338 / 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
$2,170,770
Assessed 2023
Previous assessed
$2,154,050
+0.8% YoY
Assessed land
$351,040
Assessed improvement
$1,819,730
Land market value
$351,040
Improvement market value
$1,819,730
Total market value
$2,170,770
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1971
Construction
CONCRETE
Heating
YES
Stories
1
Total area
9,613 SF
Lot
0.82 ac (35,728 SF)
APN
111982020617006
UPID
US90-1324355
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
YES
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
John And Ginger Niemeyer Foundation
Individual
Free & Clear · 0 yrs held
Mailing address
15 82ND DR STE #210, GLADSTONE, OR 97027-2552
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2026
$313
John And Ginger Niemeyer Foundation
John Niemeyer
Special Warranty Deed
—
Sep 15, 2021
$4,691,573
John Niemeyer
Bldg Jadwin LLC
Warranty Deed
—
Sep 15, 2021
—
John Niemeyer
Virginia Lee Niemeyer
Intrafamily Transfer
related
—
Sep 15, 2021
$3,256,143
John Niemeyer
Bldg Jadwin LLC
Warranty Deed
—
Feb 6, 2020
—
Bldg Jadwin LLC
—
Deed
related
$1,050,000 · Us Bank NA
Nov 18, 2019
$1,500,000
Bldg Jadwin LLC
Kadlec Regional Medical Center
Grant Deed
—
Jan 11, 2012
$800,000
Kadlec Regional Medical Center
Elka Growth Associates LLC
Warranty Deed
—
Feb 28, 2011
—
Elka Growth Associates LLC
Elka Growth Associates
Quit Claim Deed
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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