Property profile

507 Knight St Richland, WA 99352

FOR LEASE
Office buildings
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Property ID
US90-1705756
7,280 SF 0.23 ac Built 1944
Last sale Jul 2024·$1,600,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a professionally managed shared office building configured with multiple individually rentable private office suites, ranging from approximately 90 to 238 square feet. The building was remodeled in 2019 and is equipped for office use with suite-level high-speed internet access; certain suites include basic furnishings such as a desk and chair. Common areas include a staffed reception desk, a waiting area, and access to a kitchen/lounge, along with additional shared space…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.02M
Assessed land$91k
Assessed improvement$926k

Value estimate

· Nov 2026
$1.60M
$1.44M – $1.75M
CAP approach$1.84M
Submarket $/SF estimate$1.35M
NOI build-up
Gross scheduled income$202k
Vacancy & credit loss−$14k
Operating expenses−$47k
NOI$141k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$224/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$152 – $312

Cap rate analysis

How does the asset earn?
$141k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBENTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.8
Building Supply12.5
Auto Parts Store12.4

Location

507 Knight St Richland, WA 99352
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
660 Swift, Richland, WA 99352-3560 $2,385,000 Jan 2026 7,114 SF
723 The, Richland, WA 99352-4259 $2,250,000 Dec 2025 7,600 SF
299 Bradley, Richland, WA 99352-4691 $2,020,000 Dec 2024 7,116 SF
323 Wellsian, Richland, WA 99352-4116 $1,175,000 Nov 2023 6,560 SF
1177 Jadwin, Richland, WA 99352-3401 $596,910 Feb 2023 6,453 SF
816 Dallas, Richland, WA 99352 $14,348,525 Dec 2022 8,420 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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