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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
1600 Fowler St Richland, WA 99352-4802
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1949564
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2012
Construction
CONCRETE
Total area
2,470 SF
Lot
0.26 ac (11,543 SF)
APN
130991030002016
UPID
US90-1949564
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
-
Nilson & Oord PLLC Accounting Firm
-
Oord Douglas CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$415k
Blend (final)
Blend
$525k
Owner & transaction history
Wye Properties LLC · 2 yrs held
Wye Properties LLC
since 2023
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
by Request
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
RETAIL STORES
$450,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$213 / 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
$615,660
Assessed 2023
Previous assessed
$558,890
+10.2% YoY
Assessed land
$130,480
Assessed improvement
$485,180
Land market value
$130,480
Improvement market value
$485,180
Total market value
$615,660
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
2,470 SF
Lot
0.26 ac (11,543 SF)
APN
130991030002016
UPID
US90-1949564
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
RETAIL STORES
Est. value
$450,000
OFFICE BUILDING Current
RETAIL STORES
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
2012
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Wye Properties LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
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
Sep 6, 2023
—
Wye Properties LLC
Douglas M Oord
Executors Deed
—
Nov 22, 2013
—
City Of Richland
Oord,douglas M & Shelli A
Quit Claim Deed
related
—
Jun 5, 2012
—
Douglas M Oord
—
Trustees Deed
related
$329,020 · Community First Bank
Jul 3, 2007
$86,000
Douglas M Oord
Olson,race W
Warranty Deed
—
Jun 29, 2006
—
Race W Olson
—
Trustees Deed
related
$500,000 · Panhandle State Bank Pf
Sep 16, 2005
—
Race W Olson
—
Trustees Deed
related
$180,000 · Panhandle State Bank Pf
May 5, 2005
—
Race W Olson
—
Trustees Deed
related
$50,000 · Panhandle State Bank Pf
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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