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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Hotels
591 Columbia Pt Dr Richland, WA 99352-4392
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0255044
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2013
Construction
CONCRETE
Total area
54,679 SF
Lot
1.89 ac (82,328 SF)
APN
113983013202001
UPID
US90-0255044
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
-
Opsec Private Security, LLC Security Service
-
591 Columbia Point Drive Parking Parking Lot & Garage
-
TownePlace Suites Richland Columbia Point Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.28M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$5.09M
Owner & transaction history
Richland Hospitality LLC · 17 yrs held
Richland Hospitality LLC
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+11.7%
Office building
$6.2M
+11.5%
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%
$5,715,000
6.5%
$5,275,000
7%
$4,900,000
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
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±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
$93 / 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
$7,721,740
Assessed 2023
Previous assessed
$7,721,740
+0.0% YoY
Assessed land
$764,700
Assessed improvement
$6,957,040
Land market value
$764,700
Improvement market value
$6,957,040
Total market value
$7,721,740
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
4
Total area
54,679 SF
Lot
1.89 ac (82,328 SF)
APN
113983013202001
UPID
US90-0255044
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
HOTEL/MOTEL Current
Est. value
$5.6M
RESTAURANT
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.9M
HOTEL/MOTEL Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2013
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Lot
1.89 ac
Current owner
From public records · entity-resolved
Richland Hospitality LLC
Entity
Mailing address
2390 TOWER DR, MONROE, LA 71201-5760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Jul 20, 2022
—
Richland Hospitality LLC
—
Deed
related
$7,560,000 · Century Next Bank
Feb 14, 2012
—
Richland Hospitality LLC
—
Deed Of Trust
related
$8,434,593 · F & M Bank & Trust Co
Jul 1, 2009
$764,682
Richland Hospitality LLC
Arrell,richard G
Warranty Deed
related
—
Nov 29, 2007
—
Richard G Arrell
—
Deed Of Trust
related
$1,700,000 · Sterling Savings Bank
—
—
Richland Hospitality LLC
—
Deed Of Trust
related
$3,572,000 · Ameritrust Cdc
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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