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214 Torbett St 8,064 SF 100% Leased Retail Building Richland, WA 99354 $1,010,000 ($125.25/SF) 6.82% Cap Rate

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Executive Summary

Torbett Business Center is a well-established retail and office strip center offering a strong tenant mix and proven rental history. The property is anchored by long-standing tenants and benefits from a prime central Richland location. This asset presents an excellent opportunity to enhance and diversify your real estate portfolio.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
8,064 SF
Building Class
C
Year Built
1975
Price
$1,010,000
Price Per SF
$125.25
Cap Rate
6.82%
NOI
$68,883
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.66 AC
Zoning
C-2

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • -
  • -

Allstate Insurance operates through a nationwide network of exclusive agents that provide insurance products backed by The Allstate Corporation. The Celebration, Florida office is operated by an independent Allstate agent and serves individuals and small businesses seeking personal and commercial insurance coverage. The agency offers insurance products that include auto, homeowners, renters, condominium, life, and small-business policies. The Allstate Corporation was founded in 1931 and is a publicly traded insurance company listed on the New York Stock Exchange (NYSE: ALL). Headquartered in Northbrook, Illinois, Allstate is one of the largest personal-lines insurance providers in the United States. Its business model combines corporate underwriting and brand oversight with locally operated agency offices that manage customer relationships and policy sales. The Celebration office functions as a customer-facing retail insurance location and operates within professional office space. The agency is locally managed while adhering to Allstate’s national operating standards, compliance requirements, and technological platforms. Allstate Insurance remains publicly held and continues to expand its distribution through exclusive agencies across the United States.

  • Calvert, Jannet L Od
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Eagle Printing & Graphic Design
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Elations Massage
  • Services
  • -
  • -
  • -
  • Manufacturing
  • -
  • -
  • -

Minuteman Press locations are full-service design, print and marketing centers serving the entire business community from small businesses to Fortune 500 companies. Their customers are wide-ranging and include local organizations, government groups, non-profits, professional sports teams, businesses, entrepreneurs, consumers, and more. At Minuteman Press, they can produce anything people can put a name, image, or logo on! Their local Minuteman Press is perfectly suited to be a business and marketing services provider. They are here to be a partner in business and help market, advertise and promote products and services to target audiences to increase sales.

  • North American Engrng PLLC
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Optical Accents
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - - -
Calvert, Jannet L Od Health Care and Social Assistance - - -
Eagle Printing & Graphic Design Professional, Scientific, and Technical Services - - -
Elations Massage Services - - -
Manufacturing - - -
North American Engrng PLLC Professional, Scientific, and Technical Services - - -
Optical Accents Retailer - - -
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
Premier Martial Arts
Starbucks
Safeway
Columbia Bank
Denny's
Banner Bank
Bank of Montreal

Property Taxes

Property Taxes

Parcel Number
102983020732018
Land Assessment
$210,000
Improvements Assessment
$579,950
Total Assessment
$789,950
  • Listing ID: 39480677

  • Date on Market: 2/18/2026

  • Last Updated:

  • Address: 214 Torbett St, Richland, WA 99354

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