89 Columbia Pt Dr Richland, WA 99352
Property Lookup
Property profile & analytics
89 Columbia Pt Dr Richland, WA 99352
- Commercial real estate
- 7,830 SF
- 1.11 lot acres
Property ID
US90-3369634
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 89 Columbia Pt Dr
- Year built
- 2005
- Construction
- WOOD
- Lot size
- 1.11 lot acres
- Property size
- 7,830 SF
- Property type
- Commercial real estate
- APN
- 113983BP2892004
- APU
- 113983BP2892004
Description
This exceptional multi-tenant retail property, located at 89 Columbia Point Dr in Richland, WA 99352, presents a compelling investment opportunity. The 7,840 square foot building, constructed in 2005, sits on a 1.1-acre lot and boasts a 100% occupancy rate with four tenants: a Doctor Pharmacy, Ossine work boot retail store, Super Nails nail salon, and Bento Teriyaki grill. The property benefits from a strong demographic profile, with 49,038 households within a 5-mile radius, boasting an average income of $100,878. Recently updated with two new five-year NNN leases, this Class B building offers a 5.45% cap rate and a Net Operating Income (NOI) of $120,000, with an asking price of $2,200,000 ($280.61/sq ft). Its prime location provides easy access to Interstate 84 and Highway 240, surrounded by other retail establishments and the Columbia Point Golf Course. The property's strategic positioning within a thriving retail corridor, coupled with its strong tenant mix and impressive financial performance, makes it an ideal addition to any investment portfolio. This is a grocery-anchored center with a proven track record of success. The single-story building is well-maintained and offers ample parking. This is a rare opportunity to acquire a high-performing retail property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $626,000
Market price range: $325k - $1.27M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Benton
- State
- Washington
- Longitude
- -119.265
- Latitude
- 46.2615
- 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
$500,530
$915,110
$1,415,640
-
$500,530
$915,110
$1,415,640
