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Property profile & analytics
FOR LEASE
Office buildings
400 Columbia Point Dr Richland, WA 99352
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1083399
For Lease
$18.50 SF/Yr
400 Columbia Point Dr, Richland, WA 99352
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2006
Construction
WOOD FRAME
Total area
6,618 SF
Lot
0.77 ac (33,541 SF)
APN
113983012611001
UPID
US90-1083399
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
-
Jodi Wilson, MA, LMHC Physician Medical Clinic
-
Becht Nuclear Services Engineering Consultant
-
Conner Counseling and Consulting Consultant Psychotherapist
-
Open Mind Counseling & Neurotherapy Crisis Center Medical Clinic
-
Rabo AgriFinance Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$1.66M
Owner & transaction history
Ba & Tm Properties LLC · 20 yrs held
Ba & Tm Properties LLC
since 2005
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,665,000
7%
$1,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,485,000
Current use
RESTAURANT
$1,645,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$1,210,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$251 / 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
$3,556,480
Assessed 2023
Previous assessed
$3,536,400
+0.6% YoY
Assessed land
$421,570
Assessed improvement
$3,134,910
Land market value
$421,570
Improvement market value
$3,134,910
Total market value
$3,556,480
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
For Lease
Year built
2006
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
6,618 SF
Lot
0.77 ac (33,541 SF)
APN
113983012611001
UPID
US90-1083399
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
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
2006
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Lot
0.77 ac
Current owner
From public records · entity-resolved
Ba & Tm Properties LLC
Entity
Mailing address
552 N COLORADO ST STE #101, KENNEWICK, WA 99336-4700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2005
—
Ba & Tm Properties LLC
City Of Richland
Grant Deed
related
—
—
—
Ba & Tm Properties LLC
—
Deed Of Trust
related
$1,600,000 · Standard Insurance Co
—
—
Ba & Tm Properties LLC
—
Deed Of Trust
related
$430,000 · Northwest Financial
—
—
Ba & Tm Properties LLC
—
Deed Of Trust
related
$2,400,000 · Standard Insurance Co
—
—
Ba & Tm Properties LLC
—
Deed Of Trust
related
$1,912,000 · Banner Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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