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Property profile & analytics
OFF-MARKET Estimated value $3,805,000
Office buildings

2940 George Washington Way Richland, WA 99354-1615

20,000 SF Built 1976
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-3291887
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1976
Construction WOOD
Total area 20,000 SF
APN 82308100000100F
UPID US90-3291887
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.77M
CAP Approach CAP
$5.04M
Comparable Approach Comparable
$3.69M
Blend (final) Blend
$3.81M
Owner & transaction history
Henning Richland LLC · 3 yrs held
Henning Richland LLC
since 2022
Last sale
$4.3M
1 recorded transaction
2022
$3.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.2M +40.4%
Restaurant $5.0M +12.4%
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