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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Retail space
1803 George Washington Way, Richland, WA 99354-2305
Entity Owned
Free & Clear
Property ID
US90-1262241
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,125 SF
Lot
13 ac (566,280 SF)
APN
102982020733022
UPID
US90-1262241
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
-
Starbucks Cafe & Coffee Shop
-
Safeway Pharmacy Pharmacy
-
Safeway Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.36M
Owner & transaction history
Spokane Falls Restaurants LLC
Spokane Falls Restaurants LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+123.1%
Restaurant
$1.5M
+78.6%
Office building
$1.4M
+59.0%
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%
$1,200,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Current use
COMMERCIAL (GENERAL)
$1,900,000
Change: +123% · Conversion: Easy
RESTAURANT
$1,520,000
Change: +79% · Conversion: Easy
OFFICE BUILDING
$1,355,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$222 / 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
$10,567,800
Assessed 2023
Previous assessed
$10,489,120
+0.8% YoY
Assessed land
$952,040
Assessed improvement
$9,615,760
Land market value
$952,040
Improvement market value
$9,615,760
Total market value
$10,567,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
6,125 SF
Lot
13 ac (566,280 SF)
APN
102982020733022
UPID
US90-1262241
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
RETAIL STORES Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
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
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
13 ac
Current owner
From public records · entity-resolved
Spokane Falls Restaurants LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2401 UTAH AVE #600, SEATTLE, WA 98134-1436
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Spokane Falls Restaurants LLC
—
Deed
related
$281,500,000 · Bank Of America NA
Aug 15, 2025
—
Spokane Falls Restaurants LLC
Yakima Restaurants INC
Deed
—
Apr 19, 2023
—
Starbucks Corporation
Wrp Washington Plaza LLC
Lease
—
Dec 30, 2005
—
Sharis Management Corp
—
Deed Of Trust
related
$38,550,000 · Wells Fargo Foothill INC
—
—
Yakima Restaurants INC
—
Deed Of Trust
related
$60,600,000 · Wells Fargo Bk
—
—
Clc Northwest INC
—
Deed Of Trust
related
$2,700,000 · General Electric Capital Corp
—
—
Wrp Washington Plaza LLC
—
Deed Of Trust
related
—
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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