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Property profile & analytics
FOR LEASE
Office buildings
925 Stevens Dr 1A Richland, WA 99352
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1309823
For Lease
1 / 54
$16.50 SF/Yr
925 Stevens Dr,Unit 1A, Richland, WA 99352
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
CONCRETE
Total area
9,093 SF
Lot
1.28 ac (55,901 SF)
APN
110981020600008
UPID
US90-1309823
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
-
Tiara Cox Physician
-
Kristen Valdez Physician
-
BK 🩸 INK Tattoo & Piercing Shop
-
Grace Lucas Physician
-
Dr. Ronald Schwartz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.44M
Owner & transaction history
King Enterprises Of Washington LLC · 4 yrs held
King Enterprises Of Washington LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+95.9%
Restaurant
$2.3M
+10.8%
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
$2,930,000
ML approach
$3,130,000
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,040,000
Current use
COMMERCIAL (GENERAL)
$3,995,000
Change: +96% · Conversion: Easy
RESTAURANT
$2,260,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$1,660,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.22M (Sep 14 2021)
Last sale anchor
$2.22M
Sep 14 2021
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
$268 / 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
$2,156,110
Assessed 2023
Previous assessed
$2,131,130
+1.2% YoY
Assessed land
$524,600
Assessed improvement
$1,631,510
Land market value
$524,600
Improvement market value
$1,631,510
Total market value
$2,156,110
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1978
Construction
CONCRETE
Heating
YES
Buildings
3
Stories
3
Total area
9,093 SF
Lot
1.28 ac (55,901 SF)
APN
110981020600008
UPID
US90-1309823
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
OFFICE BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1978
Construction
CONCRETE
Heating
YES
Stories
3
Buildings
3
Lot
1.28 ac
Current owner
From public records · entity-resolved
King Enterprises Of Washington LLC
Entity
Mailing address
1718 W LK SAMMAMISH PKWY SE, BELLEVUE, WA 98008-5228
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
$2,773,146
King Enterprises Of Washington LLC
Achuck Family Partnership LP
Warranty Deed
—
Sep 14, 2021
$2,224,985
King Enterprises Of Washington LLC
Achuck Family Partnership LP
Warranty Deed
—
Apr 20, 2015
$1,918,000
Achuck Family Ptshp LP
Smb6 LLC
Warranty Deed
—
May 30, 2008
$1,540,000
Smb6 LLC
Fine Family LLC
Warranty Deed
$2,000,000 · Community First Bank
Mar 18, 2008
—
Fine Family LLC
Fine Family
Quit Claim Deed
—
—
—
Smb6 LLC
—
Deed Of Trust
related
$47,508 · Community First Bank
—
—
Achuck Family Ptshp LP
—
Deed Of Trust
related
$1,000,000 · Meriwest Cu
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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