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    888 Swift Blvd Richland, WA 99352-3514
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    Property profile & analytics

    888 Swift Blvd Richland, WA 99352-3514

    View on Map
    • Office buildings
    • 384,125 SF
    • 7.61 lot acres
    Off-Market
    Property ID
    US90-1090790
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kadlec Medical Center-Nuclear Med / Medical Clinic
    • Fresenius Medical Care at Kadlec Regional Medical Center / Medical Clinic
    • Matheson John MD / Physician
    • Gregory Brown, MD / Physician
    • Marsh Kevin L MD / Pediatrician / Medical Clinic

    Property Details for 888 Swift Blvd

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.61 lot acres
    Property size
    384,125 SF
    Property type
    Office buildings
    APN
    111982011868005
    APU
    111982011868005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $104,825,000
      6.5%
      $96,760,000
      7%
      $89,850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $103,141,000
      Market price range: $58.4M - $120M
      AI Estimate
      $52,460,000
      Market price range: $15.4M - $72.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $86,150,000
      Current use
      RESTAURANT
      $95,415,000
      Change: +11% Conversion: Moderate
      RETAIL STORES
      $70,220,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.282
    Latitude
    46.2813
    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
    $1,969,230
    $75,836,110
    $77,805,340
    -
    $1,969,230
    $75,836,110
    $77,805,340

    Comparable in this City

    • Value Estimation
      $3,790,000
      23,650 SF

      1060 Jadwin Ave

      PROFESSIONAL BUILDING • 23,650 SF
      1060 Jadwin Ave, Richland, WA 99352-3504
      View Details
    • Value Estimation
      $2,785,000
      23,036 SF

      750 Swift Blvd

      PROFESSIONAL BUILDING • 23,036 SF
      750 Swift Blvd, Richland, WA 99352-3521
      View Details
    • Value Estimation
      $6,215,000
      41,363 SF

      800 Swift Blvd

      PROFESSIONAL BUILDING • 41,363 SF
      800 Swift Blvd, Richland, WA 99352-3549
      View Details
    • Value Estimation
      $2,325,000
      9,286 SF

      303 Bradley Blvd Ste, Unit 108

      PROFESSIONAL BUILDING • 9,286 SF
      303 Bradley Blvd Ste, Richland, WA 99352-4497
      View Details
    • Value Estimation
      $5,930,000
      51,466 SF

      1100 Jadwin Ave Ste, Unit 200

      PROFESSIONAL BUILDING • 51,466 SF
      1100 Jadwin Ave Ste, Richland, WA 99352-3423
      View Details
    • Value Estimation by Request
      1,386 SF

      300 Wellhouse Loop

      PROFESSIONAL BUILDING • 1,386 SF
      300 Wellhouse Loop, Richland, WA 99352
      View Details

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      Richland Office Building For Sale

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      Richland Commercial Property Investment

      Fully occupied commercial property in Richland with high visibility.
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      View Details
    • $942,739

      Richland Commercial Property For Sale

      7,125 SF commercial property in the heart of Richland.
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    • Contact for pricing
      0.92 Acres

      Richland Office Building For Sale

      Office building available for purchase in Richland, Washington.
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    Similar Nearby for Lease

    • Contact for pricing

      New Flex Space Business Center

      New flex space business center in prime Richland location.
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      View Details
    • $650 /Mo

      Richland Waterfront District Office Space

      Small, private office spaces available in multi-tenant building.
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      View Details
    • $3,500 /Mo

      Queensgate Village Office Space

      Office space in Richland with reception, offices, and breakroom.
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    • $17 SF/Yr
      8,543 SF

      Medical Office Near Kadlec Hospital

      Two-story professional building near Kadlec Hospital with flexible layout.
      829 Goethals Dr, Richland, WA 99352
      View Details
    • $18 SF/Yr
      2,025 SF

      Professional Office Suite For Rent

      Premier Richland office suite with negotiable lease terms available now.
      400 Columbia Point Dr, Richland, WA 99352
      View Details
    • $14 SF/Yr
      102,196 SF

      2600 Columbia Center Blvd

      Medical Office Space • 102,196 SF
      2600 Columbia Center Blvd, Richland, WA 99352
      View Details
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    Richland, WA 99352-3514
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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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