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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Commercial real estate
1501 Bombing Range Rd West Richland, WA 99353-8001
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-3318984
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,187 SF
Lot
1.83 ac (79,715 SF)
Zoning code
85
APN
106984020215003
UPID
US90-3318984
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
$645k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.06M
Owner & transaction history
Circle K Stores INC · 6 yrs held
Circle K Stores INC
since 2020
Last sale
$879,036
7 recorded transactions
Zoning & alternative use
85 · West Richland, WA
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 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
$1,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,610,000
Current use
RESTAURANT
$1,290,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $879k (Apr 24 2020)
Last sale anchor
$879k
Apr 24 2020
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
$203 / 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
$2,542,420
Assessed 2023
Previous assessed
$2,517,530
+1.0% YoY
Assessed land
$522,750
Assessed improvement
$2,019,670
Land market value
$522,750
Improvement market value
$2,019,670
Total market value
$2,542,420
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
Off-Market
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Total area
5,187 SF
Lot
1.83 ac (79,715 SF)
Zoning code
85
APN
106984020215003
UPID
US90-3318984
Jurisdiction
BENTON
Zoning & alternative use
85 · West Richland, WA
Zoning 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
West Richland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Lot
1.83 ac
Current owner
From public records · entity-resolved
Circle K Stores INC
Entity
Mailing address
255 E RINCON ST, CORONA, CA 92879-1367
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2020
$879,036
Circle K Stores INC
West Richland Group LLC
Grant Deed
—
Jun 30, 2009
$3,600,000
West Richland Group LLC
Bank Of Whitman
Grant Deed
$3,500,000 · Bank Of Whitman
Apr 29, 2009
—
Bank Of Whitman
Capital Advancement Solutions
Deed In Lieu Of Foreclosure
related
—
Feb 22, 2008
—
Capital Advancement Solutions
—
Deed Of Trust
related
$3,457,575 · Bank Of Whitman
Feb 11, 2008
—
Capital Advancement Solutions
—
Trustees Deed
related
$1,472,000 · Bank Of Whitman
Apr 15, 2005
$772,500
Capital Advancement Solutions
Slaybaugh,randal R
Warranty Deed
related
$821,000 · Bank Of Whitman
—
—
West Richland Group LLC
—
Deed Of Trust
related
$1,380,000 · Gesa FCU
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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