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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Grocery and convenience stores
690 Gage Blvd, Richland, WA 99352-9512
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0771772
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,058 SF
Lot
3.77 ac (164,221 SF)
Zoning code
RICHLAND - NH RETAIL BUSI
APN
126984012354001
UPID
US90-0771772
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
-
Safeway Grocery & Convenience Store Food Market
-
Lloyd F. Lieske Jr, RPh Pharmacy
-
U.S. Bank ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$6.60M
Owner & transaction history
Rice Family Jl Associates LLC · 6 yrs held
Rice Family Jl Associates LLC
since 2019
7 recorded transactions
Zoning & alternative use
RICHLAND - NH RETAIL BUSI · Richland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,335,000
Current use
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±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
$129 / 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
$10,154,250
Assessed 2023
Previous assessed
$9,429,030
+7.7% YoY
Assessed land
$2,206,880
Assessed improvement
$7,947,370
Land market value
$2,206,880
Improvement market value
$7,947,370
Total market value
$10,154,250
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
51,058 SF
Lot
3.77 ac (164,221 SF)
Zoning code
RICHLAND - NH RETAIL BUSI
APN
126984012354001
UPID
US90-0771772
Jurisdiction
BENTON
Zoning & alternative use
RICHLAND - NH RETAIL BUSI · Richland, WA
Zoning RICHLAND - NH RETAIL BUSI · permitted uses
RICHLAND - NH RETAIL BUSI · Richland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.3M
RETAIL STORES Current
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
3.77 ac
Current owner
From public records · entity-resolved
Rice Family Jl Associates LLC
Entity
Mailing address
DALLAS, TX 75380
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
$17,160,131
Rice Family Jl Associates LLC
Cf Albert Propco III LLC
Special Warranty Deed
$7,375,000 · Comerica Bank
Jul 2, 2019
$281
Cf Albert Propco III LLC
Abs Wa O LLC
Special Warranty Deed
$425,700,000 · Wells Fargo Bank NA
Jan 8, 2018
—
Abs Wa-o LLC
—
Loan Modification
related
—
Jun 25, 2014
—
Abs Wa-o LLC
—
Loan Modification
related
$1,440,111,240 · Citibank NA
Apr 8, 2013
—
Abs Wa-o LLC
New Albertsons INC
Warranty Deed
related
—
Dec 4, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,000,000,000 · Credit Suisse Ag
Jun 21, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
—
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$1,150,000,000 · Citicorp Svgs/il
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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