Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5001 Ava Way Richland, WA 99352-4595
    Back to Search
    Property profile & analytics

    5001 Ava Way, Richland, WA 99352-4595

    View on Map
    • Commercial land
    • 2.02 lot acres
    Off-Market
    Last Sale May 30, 2024
    $562,848
    Property ID
    US90-0236694
    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.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5001 Ava Way

    Lot size
    2.02 lot acres
    Property type
    Commercial land
    APN
    132982BP4732028
    APU
    132982BP4732028

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2024 — Ajw Commerical LLC Revive LLC Quit Claim Deed · related $3.2M · Hapo Community Cu
    Jun 7, 2023 — Badger Communities LLC Nor Am Investment LLC Re-recorded Document · related —
    Jun 1, 2023 $562,848 Revive Land LLC Badger Communities LLC Warranty Deed —
    May 16, 2023 $3,842,546 Badger Communities LLC Nor Am Investment LLC Warranty Deed $2.7M · Nor Am Investments LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $565,000
      ML approach
      $565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.343
    Latitude
    46.2241
    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
    $439,780
    $0.00
    $439,780
    -
    $439,780
    $0.00
    $439,780

    Comparable in this City

    • Value Estimation by Request
      1.07 Acres

      2140 Jericho Rd

      VACANT COMMERCIAL LAND
      2140 Jericho Rd, Richland, WA 99352-7668
      View Details
    • Value Estimation by Request
      0.69 Acres

      2266 Keene Rd

      VACANT COMMERCIAL LAND
      2266 Keene Rd, Richland, WA 99352-7881
      View Details
    • Value Estimation by Request
      2.49 Acres

      550 Columbia Pt Dr

      VACANT COMMERCIAL LAND
      550 Columbia Pt Dr, Richland, WA 99352-4392
      View Details
    • Value Estimation by Request
      61.45 Acres

      Richland, WA 99352

      VACANT COMMERCIAL LAND
      Richland, WA 99352
      View Details
    • Value Estimation by Request
      4.16 Acres

      Richland, WA 99352

      VACANT COMMERCIAL LAND
      Richland, WA 99352
      View Details
    • Value Estimation by Request
      5.72 Acres

      Richland, WA 99352

      VACANT COMMERCIAL LAND
      Richland, WA 99352
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.04 Acres

      Richland Commercial Land For Sale

      Commercial land available in Richland, Washington.
      2290 Robertson Dr, Richland, WA 99352
      View Details
    • Contact for pricing
      1.98 Acres

      Richland Land For Sale

      Commercial land available in Richland, Washington.
      81 Columbia Point Dr, Richland, WA 99352
      View Details
    • $2,175,000

      Richland Land Near Bookwalter Winery

      1.92 acres with high visibility near wineries and transit.
      Windmill Rd, Richland, WA 99352
      View Details
    • Contact for pricing
      1.07 Acres

      Richland Retail Land Available

      Commercial land for sale in Richland, Washington.
      1422 Jadwin Ave, Richland, WA 99352
      View Details
    • $135,900
      0.08 Acres

      Land For Sale Richland, WA

      Commercial land available in Richland, Washington.
      903 W Curie St, Richland, WA 99352
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richland Commercial Land For Lease

      Approximately 5.7 acres of commercial land available for ground lease.
      Duportail St And Keene Rd, Richland, WA 99352
      View Details
    • $650 /Mo

      Richland Waterfront District Office Space

      Small, private office spaces available in multi-tenant building.
      1212 Columbia Park Trl, Richland, WA 99352
      View Details
    • Contact for pricing
      6,720 SF

      Warehouse Space with Fenced Yard

      3,360 SF warehouse space with office and fenced yard.
      2509 Logan St, Richland, WA 99352
      View Details
    • Contact for pricing

      New Flex Space Business Center

      New flex space business center in prime Richland location.
      3121 Leslie Rd, Richland, WA 99352
      View Details
    • $14 SF/Yr
      102,196 SF

      2600 Columbia Center Blvd

      Medical Office Space
      2600 Columbia Center Blvd, Richland, WA 99352
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5001 Ava Way
    Richland, WA 99352-4595
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5001 Ava Way, Richland, WA, 99352
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!