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1177 Jadwin Ave 7,125 SF 100% Leased Office Building Richland, WA 99352 $942,739 ($132.31/SF) 7.43% Cap Rate
Investment Highlights
- High Traffic Count
- Good Tenant Mix
- 7.43 CAP Rate
Executive Summary
Excellent investment or owner occupant commercial property in the heart of Richlands business community. 7,125 SF built in 1965 and located on a high traffic count with ample parking and street signage. Solid Cap Rate of 7.43 and good Tenant mix with possibility of space for owner occupant. Please call LA for showing instructions.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$101,878
|
$15.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$101,878
|
$15.79
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$31,830
|
$4.93
|
| Net Operating Income |
$70,048
|
$10.86
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $101,878 |
| Annual Per SF | $15.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $101,878 |
| Annual Per SF | $15.79 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $31,830 |
| Annual Per SF | $4.93 |
| Net Operating Income | |
|---|---|
| Annual | $70,048 |
| Annual Per SF | $10.86 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,125 SF
Building Class
B
Year Built
1965
Price
$942,739
Price Per SF
$132.31
Cap Rate
7.43%
NOI
$70,048
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,563 SF
Building FAR
0.33
Lot Size
0.49 AC
Zoning
Commercial Office - Commercial Office
1 1
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 111982020617003 | Improvements Assessment | $201,050 (2024) |
| Land Assessment | $201,530 (2024) | Total Assessment | $402,580 (2024) |
Property Taxes
Parcel Number
111982020617003
Land Assessment
$201,530 (2024)
Improvements Assessment
$201,050 (2024)
Total Assessment
$402,580 (2024)
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1177 Jadwin Ave
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