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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    591 Columbia Pt Dr Richland, WA 99352-4392

    • Hotels
    • 54,679 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimations
    $5,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0255044
    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.

    Current Use by Public Records

    • Opsec Private Security, LLC / Security Guard Service
    • 591 Columbia Point Drive Parking / Parking Lot
    • TownePlace Suites Richland Columbia Point / Extended Stay Hotel / Hotel

    Property Details for 591 Columbia Pt Dr

    Year built
    2013
    Construction
    CONCRETE
    Lot size
    1.89 lot acres
    Property size
    54,679 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    113983013202001
    APU
    113983013202001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,715,000
      6.5%
      $5,275,000
      7%
      $4,900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,904,000
      Market price range: $946k - $12.8M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,595,000
      Current use
      RESTAURANT
      $6,245,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $6,235,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,940,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.25
    Latitude
    46.2617
    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
    $764,700
    $6,957,040
    $7,721,740
    -
    $764,700
    $6,957,040
    $7,721,740

    Comparable in this City

    • Value Estimation by Request

      1201 George Washington Way

      HOTEL/MOTEL
      1201 George Washington Way, Richland, WA 99352-3411
      View Details
    • Value Estimation by Request
      48,985 SF

      Tapteal Dr

      HOTEL/MOTEL • 48,985 SF
      Tapteal Dr, Richland, WA 99352
      View Details
    • Value Estimation
      $1,435,000
      8,124 SF

      1201 George Washington Way

      HOTEL/MOTEL • 8,124 SF
      1201 George Washington Way, Richland, WA 99352-3411
      View Details
    • Value Estimation
      $6,060,000
      70,813 SF

      480 Columbia Pt Dr

      HOTEL/MOTEL • 70,813 SF
      480 Columbia Pt Dr, Richland, WA 99352-4373
      View Details
    • Value Estimation
      $8,890,000
      106,735 SF

      1060 George Washington Way

      HOTEL/MOTEL • 106,735 SF
      1060 George Washington Way, Richland, WA 99352-3516
      View Details
    • Value Estimation
      $14,355,000
      47,877 SF

      1970 Ctr Pkwy

      HOTEL/MOTEL • 47,877 SF
      1970 Ctr Pkwy, Richland, WA 99352-8651
      View Details

    Similar Nearby for Sale

    • $6,375,000
      1.98 Acres

      81 Columbia Point Dr, Richland, WA 99352

      Retail properties • 1.98 Acres
      81 Columbia Point Dr, Richland, WA 99352
      View Details
    • $1,000,000
      0.49 Acres

      Richland Office Building: Prime Investment

      High-yield office building, excellent location, strong cash flow.
      1177 Jadwin Ave, Richland, WA 99352
      View Details
    • $18,926,250
      4.18 Acres

      1200 Jadwin Ave, Richland, WA 99352

      Office Properties & Spaces • 4.18 Acres
      1200 Jadwin Ave, Richland, WA 99352
      View Details
    • Contact for pricing
      10,850 SF

      Move-In Ready Office Spaces

      Office spaces with private entrances, parking, and Wellsian Way frontage.
      343 Wellsian Way, Richland, WA 99352
      View Details
    • $199,000
      0.46 Acres

      Residential Land in Richland, WA

      Residential land for sale in Richland, Washington.
      158 Meadow Hills Dr, Richland, WA 99352
      View Details
    • Contact for pricing
      2.02 Acres

      Richland Retail Opportunity

      2.02 acre retail property in Richland, Washington.
      5069 Ava Way, Richland, WA 99352
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      6,152 SF

      Richland Office Building - Suite B

      Class A Office Space, Prime Location
      291 Bradley Blvd, Richland, WA 99352
      View Details
    • $15 SF/Yr
      57,736 SF

      Leslie Rd Flex Space Business Center

      New Richland Flex Space; 18 Units Available
      3121 Leslie Rd, Kennewick, WA 99352
      View Details
    • $5,000 /Mo
      6,205 SF

      Retail/Office Space in Central Richland

      Retail/office space on high-traffic street with ample parking.
      1177 Lee Blvd, Richland, WA 99352
      View Details
    • $25 SF/Yr
      8,000 SF

      North Richland Build-to-Suit Office

      Office suites available near Pacific Northwest National Laboratory and Hanford Site.
      801 Dalton St, Richland, WA 99352
      View Details
    • $9,500 /Mo
      7,836 SF

      Land for Ground Lease

      Land available for ground lease in Richland, Washington.
      924 George Washington Way, Richland, WA 99352
      View Details
    • $19 SF/Yr
      2,608 SF

      Office/Retail Space Near Hanford Site

      2,608 SF office/retail space with ample parking available for lease.
      800-808 Dalton St, Richland, WA 99352
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      1.1k
    • Avg Time on site
      369 min
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    Richland, WA 99352-4392
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    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
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