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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1238 Columbia Park Trl Richland, WA 99352-4760

    • Commercial real estate
    • 15,028 SF
    • 2.55 lot acres
    OFF-MARKET
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1309936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Perfection Glass / Hardware & Home Improvement / Interior Design

    Property Details for 1238 Columbia Park Trl

    Year built
    1981
    Construction
    WOOD
    Lot size
    2.55 lot acres
    Property size
    15,028 SF
    Property type
    Commercial real estate
    APN
    130992000003000
    APU
    130992000003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,020,000
      6.5%
      $1,865,000
      7%
      $1,735,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.234
    Latitude
    46.2389
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $610,920
    $732,310
    $1,343,230
    -
    $610,920
    $732,310
    $1,343,230

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Dakota

      COMMERCIAL (GENERAL) • 0.09 Acres
      Dakota, Richland, WA 99352
      View Details
    • Value Estimation by Request
      0.37 Acres

      Aaron Dr

      COMMERCIAL (GENERAL) • 0.37 Acres
      Aaron Dr, Richland, WA 99352
      View Details
    • Value Estimation by Request
      1,009 SF

      840 Stevens Dr

      COMMERCIAL (GENERAL) • 1,009 SF
      840 Stevens Dr, Richland, WA 99352-3507
      View Details
    • Value Estimation
      $695,000
      5,684 SF

      837 Stevens Dr

      COMMERCIAL (GENERAL) • 5,684 SF
      837 Stevens Dr, Richland, WA 99352-3506
      View Details
    • Value Estimation
      $14,900,000
      116,283 SF

      1451 Tapteal Dr

      COMMERCIAL (GENERAL) • 116,283 SF
      1451 Tapteal Dr, Richland, WA 99352-8455
      View Details
    • Value Estimation
      $1,145,000
      11,026 SF

      1080 George Washington Way

      COMMERCIAL (GENERAL) • 11,026 SF
      1080 George Washington Way, Richland, WA 99352-3516
      View Details

    Similar Nearby for Sale

    • $11,761,200
      15.00 Acres

      Richland Commercial Land Investment

      15 Acres, Central Tri-Cities, WA
      1550 Tapteal Dr, Richland, WA 99352
      View Details
    • Contact for pricing
      0.94 Acres

      Desert Sky Commercial Land Parcels

      Richland, WA: Prime Commercial Land
      0 Desert Sky, Richland, WA 99352
      View Details
    • $6,375,000
      1.98 Acres

      81 Columbia Point Dr, Richland, WA 99352

      Retail properties • 1.98 Acres
      81 Columbia Point Dr, Richland, WA 99352
      View Details
    • $1,000,000
      0.49 Acres

      Richland Office Building: Prime Investment

      High-yield office building, excellent location, strong cash flow.
      1177 Jadwin Ave, Richland, WA 99352
      View Details
    • $18,926,250
      4.18 Acres

      1200 Jadwin Ave, Richland, WA 99352

      Office Properties & Spaces • 4.18 Acres
      1200 Jadwin Ave, Richland, WA 99352
      View Details
    • Contact for pricing
      10,850 SF

      Move-In Ready Office Spaces

      Office spaces with private entrances, parking, and Wellsian Way frontage.
      343 Wellsian Way, Richland, WA 99352
      View Details

    Similar Nearby for Lease

    • $9,500 /Mo
      7,836 SF

      Land for Ground Lease

      Land available for ground lease in Richland, Washington.
      924 George Washington Way, Richland, WA 99352
      View Details
    • $19 SF/Yr
      2,608 SF

      Office/Retail Space Near Hanford Site

      2,608 SF office/retail space with ample parking available for lease.
      800-808 Dalton St, Richland, WA 99352
      View Details
    • Contact for pricing
      5,953 SF

      Richland Office Space Sublease

      Sublease opportunity with private offices, conference room, and ample parking.
      2600 N Columbia Center Blvd, Richland, WA 99352
      View Details
    • $1,950 /Mo
      29,536 SF

      Jadwin Avenue Cafe/Coffee Shop

      Cafe/Coffee shop suite available for lease with high foot traffic.
      615 Jadwin Ave, Richland, WA 99352
      View Details
    • $15 SF/Yr
      9,376 SF

      Medical Office Space Available

      Medical office space for lease in Richland's medical district.
      948 Stevens Dr, Richland, WA 99352
      View Details
    • $15 SF/Yr
      2,800 SF

      Climate-Controlled Warehouse with Drive-Through

      2,800 SF climate-controlled warehouse space with drive-through access.
      1333-1339 Tapteal Dr, Richland, WA 99352
      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.
    1238 Columbia Park Trl
    Richland, WA 99352-4760
    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.