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Financial
Distress signals
Property profile

1320 Lee Blvd Richland, WA 99352

FOR LEASE
Grocery and convenience stores
Property ID
US90-1290382
41,316 SF 2.93 ac lot Built 1961
Last sale Apr 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1320 Lee Blvd, Richland, WA 99352 For Lease 1 / 3
$10 SF/Yr
1320 Lee Blvd, Richland, WA 99352
View Listing

Property summary

AI-generated overview

This retail property comprises approximately 39,732 square feet of leasable space. It is configured as a retail building suitable for occupancy by retail uses, and it has an NNN (triple-net) cost structure as indicated in the listing materials.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$3.19M
Assessed land$876k
Assessed improvement$2.32M

Value estimate

· Oct 2026
$3.60M
$3.24M – $3.95M
Submarket $/SF estimate$4.59M
NOI build-up
Gross scheduled income$715k
Vacancy & credit loss−$47k
Operating expenses−$200k
NOI · 4,675,820.00% cap applied$468k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$183/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$111 – $267

Cap rate analysis

How does the asset earn?
4,675,820.00%
$468k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBENTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.3
Building Supply17.0
Auto Parts Store15.3

Location

1320 Lee Blvd Richland, WA 99352
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1010 Lee, Richland, WA 99352-4227 $749,719 Nov 2024 9,000 SF
2560 Queensgate, Richland, WA 99352-9109 $4,199,978 Apr 2024 12,040 SF
1135 Jadwin, Richland, WA 99352-3434 $3,256,143 Sep 2021 9,613 SF
120 Keene, Richland, WA 99352-8683 $2,727,528 Jan 2020 9,337 SF
690 Gage, Richland, WA 99352-9512 $14,750,000 Oct 2019 51,058 SF
1329 Lee, Richland, WA 99352-4141 $4,900,000 Feb 2019 17,494 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $6,560,000
    56,700 SF
    2909 Duportail St
    RETAIL STORES (PERSONAL SERVICES)
    2909 Duportail St, Richland, WA 99352-6101
    View Details
  • Value Estimation
    $2,595,000
    30,000 SF
    301 Wellsian Way
    RETAIL STORES (PERSONAL SERVICES)
    301 Wellsian Way, Richland, WA 99352
    View Details
  • Value Estimation
    $1,675,000
    19,903 SF
    1106 Harding St
    RETAIL STORES (PERSONAL SERVICES)
    1106 Harding St, Richland, WA 99352-4214
    View Details
  • Value Estimation
    $2,635,000
    17,494 SF
    1329 Lee Blvd
    RETAIL STORES (PERSONAL SERVICES)
    1329 Lee Blvd, Richland, WA 99352-4141
    View Details
  • Value Estimation
    $2,325,000
    14,817 SF
    121 Gage Blvd, Unit 133
    RETAIL STORES (PERSONAL SERVICES)
    121 Gage Blvd, Richland, WA 99352-8901
    View Details
  • Value Estimation
    $2,160,000
    14,488 SF
    2651 Duportail St
    RETAIL STORES (PERSONAL SERVICES)
    2651 Duportail St, Richland, WA 99352
    View Details

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  • New
    $6,825,000
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  • Contact for pricing
    17,494 SF
    Retail Space in Richland, WA
    Available retail space in Richland, Washington, totaling 17494 square feet.
    1329 Lee Blvd, Richland, WA
    View Details
  • Contact for pricing
    4,500 SF
    Uptown Richland Retail/Office Space
    Move-in ready space in the heart of Richland.
    Uptown Shopping Center, Richland, WA 99352
    View Details

Similar in This City for Lease

  • New
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  • New
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  • New
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  • Contact for pricing
    1,524 sqft
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    Endcap suite with open layout, bathroom, and completed remodel in Richland on Lee Blvd.
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