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Property profile & analytics
OFF-MARKET
Estimated value
$12,585,000
Grocery and convenience stores
1401 Bombing Range Rd West Richland, WA 99353-5536
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0640935
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Construction
CONCRETE
Total area
56,174 SF
Lot
5.39 ac (234,788 SF)
Zoning code
85
APN
106984020217001
UPID
US90-0640935
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.17M
Comparable Approach
Comparable
$13.04M
Blend (final)
Blend
$12.59M
Owner & transaction history
West Richland Investment LLC · 5 yrs held
West Richland Investment LLC
since 2020
3 recorded transactions
Zoning & alternative use
85 · West Richland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.4M
+69.7%
Restaurant
$14.0M
+35.9%
Office building
$12.4M
+20.9%
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 West Richland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$11,020,000
6.5%
$10,170,000
7%
$9,445,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,270,000
Current use
COMMERCIAL (GENERAL)
$17,430,000
Change: +70% · Conversion: Easy
RESTAURANT
$13,955,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$12,420,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$12.59M
Range $11.33M – $13.84M · ±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
$224 / 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
$7,932,550
Assessed 2023
Previous assessed
$7,698,930
+3.0% YoY
Assessed land
$1,153,870
Assessed improvement
$6,778,680
Land market value
$1,153,870
Improvement market value
$6,778,680
Total market value
$7,932,550
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
56,174 SF
Lot
5.39 ac (234,788 SF)
Zoning code
85
APN
106984020217001
UPID
US90-0640935
Jurisdiction
BENTON
Zoning & alternative use
85 · West Richland, WAZoning 85 · permitted uses
85 · West Richland, WA
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
RETAIL STORES Current
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$17.4M
RESTAURANT
Est. value
$14.0M
OFFICE BUILDING
Est. value
$12.4M
RETAIL STORES Current
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
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
5.39 ac
Current owner
From public records · entity-resolved
West Richland Investment LLC
Entity
Mailing address
3426 S UNIVERSITY RD, SPOKANE VALLEY, WA 99206-5855
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
West Richland Investment LLC
—
Deed
related
$1,335,000 · Spokane Teacher Cu
—
—
West Richland Investments LLC
—
Deed Of Trust
related
$2,485,000 · Protective Life Insurance Co
—
—
West Richland Investments LLC
—
Deed Of Trust
related
$2,600,000 · Washington Trust Bank
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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