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Property profile & analytics
OFF-MARKET Estimated value $4,200,000
Retail space

2560 Queensgate Dr Richland, WA 99352-9109

12,040 SF 1.17 ac lot Built 2008
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US90-1183423
Property summary
AI-generated overview

This exceptional retail space, located at 2560 Queensgate Drive in Richland, Washington, presents a fantastic leasing opportunity. Situated on a 1.17-acre lot within the desirable Queensgate Plaza, this end-unit offers approximately [Square footage not provided] of versatile space. Previously utilized as a salon, the property boasts existing plumbing infrastructure, providing a head start for a variety of businesses. The open floor plan allows for flexible configuration to suit diverse operational needs. The location within Queensgate Plaza offers high visibility and accessibility, benefiting from established foot traffic and convenient parking. This is an ideal space for entrepreneurs seeking a well-positioned retail location with existing infrastructure. The property is available for lease at $24,000 (price likely represents annual rent or a different unit of measure, details not provided). The property's previous use as a salon suggests the presence of features beneficial to businesses requiring water access and specialized fixtures, though specific details regarding these features are not available. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. This prime retail space in a thriving Richland location represents a unique opportunity for growth and success. The property is listed under MLS# 278890.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction CONCRETE
Total area 12,040 SF
Lot 1.17 ac (50,817 SF)
APN 116984013070002
UPID US90-1183423
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
  • illume Beauty Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.17M
Blend (final) Blend
$4.20M
Owner & transaction history
Queensgate Retail LLC · 2 yrs held
Queensgate Retail LLC
since 2024
Last sale
$4.2M
3 recorded transactions
2024
$4.2M
2018
$4.1M
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.3M +140.3%
Restaurant $3.0M +35.9%
Office building $2.7M +22.7%
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