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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Office buildings
299 Bradley Blvd Richland, WA 99352-4691
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1638947
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2019
Construction
CONCRETE
Total area
7,116 SF
Lot
0.76 ac (33,106 SF)
Zoning code
53
APN
114981012813002
UPID
US90-1638947
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
-
Kelli Nicacio, Real Estate Broker, Berkshire Hathaway HomeService Central Washington Real Estate Real Estate Agency
-
Erick Valencia, Real Estate Broker, Berkshire Hathaway HomeServices Central Washington Real Estate Real Estate Agency
-
Kris and Naomi Leistritz - Berkshire Hathaway HomeServices Central Washington Real Estate Real Estate Agency
-
Jennifer Mendoza - Tri-Cities Real Estate Broker Real Estate Agency
-
Myles Guzman Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.02M
Owner & transaction history
Columbia River Investing LLC · 1 yrs held
Columbia River Investing LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
53 · Richland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+95.9%
Restaurant
$1.8M
+10.8%
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
$2,020,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
$1,940,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,595,000
Current use
COMMERCIAL (GENERAL)
$3,125,000
Change: +96% · Conversion: Easy
RESTAURANT
$1,770,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$1,300,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $2.02M (Dec 13 2024)
Last sale anchor
$2.02M
Dec 13 2024
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
$284 / 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
$1,739,450
Assessed 2023
Previous assessed
$1,719,540
+1.2% YoY
Assessed land
$418,180
Assessed improvement
$1,321,270
Land market value
$418,180
Improvement market value
$1,321,270
Total market value
$1,739,450
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Total area
7,116 SF
Lot
0.76 ac (33,106 SF)
Zoning code
53
APN
114981012813002
UPID
US90-1638947
Jurisdiction
BENTON
Zoning & alternative use
53 · Richland, WA
Zoning 53 · permitted uses
53 · Richland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2019
Construction
CONCRETE
Heating
YES
Cooling
Yes
Lot
0.76 ac
Current owner
From public records · entity-resolved
Columbia River Investing LLC
Entity
Mailing address
7535 W KENNEWICK AVE STE I, KENNEWICK, WA 99336-7784
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$2,020,000
Columbia River Investing LLC
Dp Management Enterprises LLC
Warranty Deed
$1,400,000 · Banner Bank
Mar 14, 2019
—
Dp Management Ents LLC
—
Deed
related
$850,000 · Bank Of Estn Wa
Apr 24, 2018
—
Dp Management Ents LLC
—
Trustees Deed
related
$675,000 · Bank Of Estn Wa
Feb 24, 2010
—
Dp Management Ents LLC
—
Grant Deed
related
$2,543,711 · Intervest Mortgage Co LLC
Dec 30, 2008
—
Dp Management Ents LLC
—
Loan Modification
related
$3,096,000 · Intervest Mortgage Co LLC
—
—
Dp Management Ents LLC
—
Loan Modification
related
$850,000 · Bank Of Estn Wa
—
—
Dp Management Ents LLC
—
Deed Of Trust
related
$2,500,000 · Bank Of The West
—
—
Dp Management Ents LLC
—
Deed Of Trust
related
$3,096,000 · Intervest Mortgage Co LLC
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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