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Property profile & analytics
OFF-MARKET
Estimated value
$17,425,000
Apartment buildings
1515 George Washington Way, Richland, WA 99354-5516
Entity Owned
~
Est. High Equity
Property ID
US90-0109388
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
138,255 SF
Lot
5.65 ac (246,114 SF)
APN
102983020732045
UPID
US90-0109388
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
-
La Bella Vita Kitchen and Bar Restaurant
-
The Franklin Apartment Complex
-
Bruno Porta Potty Rental Richland Building Supply
-
Bruno Portable Toilet Rental Building Supply
-
cosinas Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.60M
CAP Approach
CAP
$16.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.43M
Owner & transaction history
Franklin Apartments Spe LLC
Franklin Apartments Spe LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 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
by Request
ML approach
$12,600,000
CAP Approach
CAP Return
Estimation
6%
$17,755,000
6.5%
$16,390,000
7%
$15,215,000
Blend value · Realmo final
$17.43M
Range $15.68M – $19.17M · ±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
$126 / 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
$8,903,010
Assessed 2023
Previous assessed
$6,543,370
+36.1% YoY
Assessed land
$1,930,400
Assessed improvement
$6,972,610
Land market value
$1,930,400
Improvement market value
$6,972,610
Total market value
$8,903,010
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
6
Total area
138,255 SF
Lot
5.65 ac (246,114 SF)
APN
102983020732045
UPID
US90-0109388
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
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Lot
5.65 ac
Current owner
From public records · entity-resolved
Franklin Apartments Spe LLC
Entity
Mailing address
17933 NW EVERGREEN PKWY STE #300, BEAVERTON, OR 97006-7452
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Vb S1 Assets LLC
—
Deed
related
$137,686 · Deutsche Bank Trust Co Americas
Nov 12, 2025
$25,600,000
Franklin Apartments Spe LLC
Te Amo LLC
Warranty Deed
—
Nov 5, 2025
—
Te Amo LLC
Cv The Franklin LLC
Warranty Deed
—
Oct 15, 2025
—
Vb Acquisitions LLC
Cellco Partnership
Deed
—
Aug 30, 2024
—
Cv The Franklin LLC
—
Deed
related
$23,500,000 · Genesis Capital LLC
Aug 9, 2021
$26,800,562
Cv The Franklin LLC
Richland Investment Group LLC
Warranty Deed
$50,500,000 · Pangea Mortgage Capital LLC
Mar 12, 2020
—
Richland Investment Group LLC
—
Deed
related
$8,100,000 · First Sec Bk/wa
Jun 7, 2019
—
Richland Investment Group LLC
—
Trustees Deed
related
$210,000 · Eastside Fndg
Jan 12, 2017
—
Richland Investment Group LLC
—
Deed
related
$8,208,000 · Greater Nv Cu
Jun 27, 2016
—
Richland Investment Group LLC
—
Deed
related
$2,347,055 · Greater Nv Cu
May 19, 2015
—
Richland Investment Group LLC
—
Deed Of Trust
related
$2,050,000 · Greater Nv Cu
Nov 12, 2014
—
Richland Investment Group LLC
Eastside Funding LLC
Quit Claim Deed
related
$1,567,839 · Eastside Funding LLC
Nov 12, 2014
$1,817,412
Richland Investment Group LLC|eastside Fndg LLC
Sbs Trustee Network INC|park,myung L & Do S
Trustees Deed
related
—
Apr 1, 2008
—
Wcp Wireless Lease Subsidiarry
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Dec 31, 2007
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Sep 26, 2006
$5,720,000
Myung L Park
Kim,joo B & Yun S
Warranty Deed
$3,070,000 · Pacific City Bank
Jan 28, 2004
—
Joo B Kim
—
Deed Of Trust
related
$1,330,000 · Pacific Union Bank
—
—
Richland Investment Group LLC
—
Loan Modification
related
$1,567,839 · Eastside Fndg
—
—
Richland Investment Group LLC
—
Loan Modification
related
$2,347,055 · Greater Nv Cu
—
—
Joo B Kim
—
Deed Of Trust
related
$200,000 · Sung Suh
—
—
Myung L Park
—
Deed Of Trust
related
$1,936,000 · Rural Housing & Community Dev
—
—
Richland Investment Group LLC
—
Deed Of Trust
related
$8,208,000 · Greater Nv Cu
—
—
Richland Investment Group LLC
—
Deed Of Trust
related
$8,100,000 · First Sec Bk/wa
—
—
Myung L Park
—
Deed Of Trust
related
$300,000 · Hanmi 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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