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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
2501 Columbia Ctr Blvd, Richland, WA 99352-4852
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-3280564
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2012
Construction
CONCRETE
Total area
5,579 SF
Lot
1.18 ac (51,597 SF)
APN
130991030001004
UPID
US90-3280564
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
-
Freeform (formerly Brutzman's) Furniture & Home Goods
-
Brutzman's Reprographics (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$585k
Owner & transaction history
Gregory D Ford · 15 yrs held
Gregory D Ford
since 2011
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%
$750,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$105 / 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
$1,679,570
Assessed 2023
Previous assessed
$1,610,740
+4.3% YoY
Assessed land
$541,400
Assessed improvement
$1,138,170
Land market value
$541,400
Improvement market value
$1,138,170
Total market value
$1,679,570
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
2012
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,579 SF
Lot
1.18 ac (51,597 SF)
APN
130991030001004
UPID
US90-3280564
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
2012
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Gregory D Ford
Individual
Mailing address
PO BOX 6044, KENNEWICK, WA 99336-0044
Ownership since
2011
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
Mar 8, 2012
—
Bbw Properties LLC
—
Trustees Deed
related
$811,185 · Community First Bank
Jun 15, 2011
$360,000
Gregory D Ford
Far East Dev Co
Warranty Deed
—
May 25, 2011
$477,000
Bbw Properties LLC
Ford,gregory D & Amy L
Warranty Deed
$221,501 · Community First Bank
Jul 24, 2006
$360,000
Gregory D Ford
Far East Dev
Grant Deed
$30,000 · Columbia River Bank
Nov 30, 2005
—
Far East Dev Ptshp
Paolino,thomas J & Josephine
Quit Claim Deed
related
—
Oct 13, 2005
—
Far East Development Co
City Of Bcdlge Church INC
Quit Claim Deed
related
—
—
—
Bbw Properties LLC
—
Deed Of Trust
related
$678,000 · Northwest Busn Dev Assn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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