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Property profile & analytics

2940 George Washington Way Richland, WA 99354-1615

  • Office buildings
  • 20,000 SF
OFF-MARKET
Last Sale
Aug 04, 2025
$4,282,901
Value Estimations
$3,805,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US90-3291887
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 2940 George Washington Way

Year built
1976
Construction
WOOD
Property size
20,000 SF
Property type
Office buildings
APN
82308100000100F
APU
82308100000100F

Description

This exceptional 40,000 square foot office building, situated on a 6-acre lot in Richland, WA's thriving North Richland research district, presents a unique leasing opportunity. The property boasts five modern office suites ranging from approximately 3,997 to 4,784 square feet, each featuring its own private entrance. Tenants will have the opportunity to select new carpet and paint colors, which will be professionally installed by the landlord. The office spaces offer a flexible layout, incorporating a mix of private offices and open areas ideal for cubicles. Convenient elevator access is available to the upper floor. Adding to the versatility, the building also includes three warehouse spaces with roll-up doors, located at the rear of the building and featuring lower ceilings. These storage units range in size from 776 to 1,190 square feet. The building enjoys a prime location amongst prestigious companies including PNNL, Energy Northwest, WSU, Amentum, Iso-Pacific, Polestar, Isoray, and Excelsior. The lease rate is $19 per square foot, plus $4 per square foot in NNN expenses. Individual suite sizes are: Suite 101 (4,259 sq ft), Suite 102 (4,709 sq ft), Suite 201 (3,997 sq ft), Suite 203 (4,784 sq ft), Suite 204 (4,323 sq ft), and three storage units (776 sq ft, 1,190 sq ft, and 1,190 sq ft). This property offers an unparalleled opportunity for businesses seeking a prestigious and functional space in a vibrant research hub.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,760,000
    ML approach
    $2,770,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $5,460,000
    6.5%
    $5,040,000
    7%
    $4,680,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $3,692,000
    Market price range: $2.77M - $6.46M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $4,420,000
    Current use
    COMMERCIAL (GENERAL)
    $6,205,000
    Change: +40% Conversion: Easy
    RESTAURANT
    $4,970,000
    Change: +12% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Richland
County
Benton
State
Washington
Longitude
-119.271
Latitude
46.3372
CBSA code
28420
CBSA name
KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$0.00
$1,903,720
$1,903,720
-
$0.00
$1,903,720
$1,903,720
More about this property
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