Richland, WA
Commercial Real Estate Market Trends & Data

$216 Avg asking sale price
$20 Avg asking lease rate
4,720 SF Avg unit lease size
8,225 SF Avg building size for sale
6.66% Average cap rate

Richland's Demographic Profile

Richland has 25,188 households and a median income of $91,964, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 62,775
# Households 25,188
Median age 39
Median household income $91,964
Avg household size 3.0
Renter-occupied housing units 9,078
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richland, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Richland $194 12,382 SF 8.25%
Kennewick $218 10,246 SF 8.25%
Pasco $294 11,227 SF 8.25%
Hermiston $412 8,740 SF 8.81%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Richland $168 5,194 SF 6.22%
Kennewick $184 135,901 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Richland $247 9,935 SF
West Richland $463 5,400 SF
Kennewick $165 22,117 SF
Prosser $305 6,685 SF
Burbank $183 13,228 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Umatilla $179 4,600 SF 5.60%
Pasco $290 7,154 SF 6.92%
College Place $209 8,282 SF 7.39%
Moses Lake $180 9,197 SF 6.45%

Commercial Properties For Sale in Richland

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1706 Bronco Ln

Richland, WA 99354

  • 4,800 SF Retail Building
  • $1,200,000
For Sale

NKA Columbia Park Trail

Richland, WA 99352

  • 4.61 AC Lot
  • 1 Commercial Lot
  • $4,217,044
For Sale

Ulta Beauty Pad

Kennewick, WA 99336

  • 8,954 SF Retail Building
  • 5.99% Cap Rate
  • $4,190,000
For Sale

VAN GIESEN CAR WASH

Richland, WA 99354

  • 3,390 SF Specialty
  • 6.43% Cap Rate
  • $1,400,000
For Sale

2676 Van Giesen St

Richland, WA 99354

  • 8,643 SF Industrial Building
  • $1,115,000
For Sale

915 Jericho Ct

Richland, WA 99352

  • 2.28 AC Lot
  • 1 Commercial Lot
  • $1,290,380

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richland pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richland $216 8,225 SF
West Richland $369 20,444 SF
Finley $210 267,105 SF
Kennewick $200 32,119 SF
Prosser $201 5,838 SF

Regional Demographic Comparison

This comparison places Richland alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richland 62,775 25,188 39 $91,964 3 9,078 7%
West Richland 18,220 6,284 39 $117,078 3 864 8%
Finley 6,611 2,231 41 $76,015 3 382 6%
Kennewick 89,365 32,862 36 $66,627 3 12,576 7%
Prosser 6,464 2,291 36 $72,550 3 833 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richland, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richland

View All Commercial Real Estate For Sale in Richland
Is Richland a good market for a first-time commercial real estate investor?

Richland offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richland?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richland. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richland?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richland. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richland compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richland. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richland acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richland, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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