West Richland, WA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in West Richland, Washington Market population: 12K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For West Richland WA Properties: 1.0700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For West Richland WA
Common questions from investors exploring commercial real estate in West Richland WA.
What's the overall investment potential of West Richland, WA?
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With a median household income of $82,848 and a relatively low poverty rate of 8.1%, West Richland presents a stable investment market, further supported by its high health insurance coverage of 94.0% and a short average commute time of 22.5 minutes, indicating a reliable and healthy workforce.
How does the local economy impact real estate demand?
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The top industries in West Richland, including Manufacturing and Professional, Scientific, & Management Services, contribute to a strong employment market, with 5,851 employed individuals, which in turn drives demand for housing, especially considering the city's diverse population with top ethnicities being White, White Non-Hispanic, and Hispanic, making it an attractive location for a wide range of tenants.
What are the key factors to consider for rental property investments?
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The combination of a high homeownership rate of 83.4%, a median property value of $192,900, and a median gross rent of $1,244 suggests a competitive rental market, while the low poverty rate of 8.1% and high health insurance coverage of 94.0% indicate a stable tenant base, making rental properties a viable investment option in West Richland.
How does the commute and transportation infrastructure affect the quality of life and investment potential?
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The average commute time of 22.5 minutes, coupled with the top commute methods being driving alone, working from home, and carpooling, suggests a well-planned transportation infrastructure, enhancing the quality of life for residents and potentially increasing property values, especially in areas with easy access to major industries like Manufacturing and Transportation & Warehousing.
What role does ethnic diversity and income inequality play in assessing market demand?
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West Richland's ethnic diversity, with significant White, White Non-Hispanic, and Hispanic populations, alongside a moderate income inequality (Gini coefficient of 0.35), suggests a balanced market with a variety of consumer needs, which can support a range of real estate investments, from residential properties catering to different income levels to commercial developments serving diverse community needs, all backed by a median household income of $82,848 and a low poverty rate of 8.1%.
West Richland WA Real Estate & City Facts
Key facts and real estate information about West Richland WA.
What are some of the best neighborhoods to live in West Richland?
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Some of the best neighborhoods to live in West Richland include the Tapteal Area, which is known for being peaceful and friendly, and other neighborhoods that offer a range of factors that people look for when moving to an area, such as first-rate amenities and a nice environment. According to Nextdoor, the Tapteal Area is a popular choice among locals, with its dog-friendly parks and quiet atmosphere making it an attractive option for families and individuals alike.
What are some fun things to do in West Richland?
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There are plenty of fun things to do in West Richland, including visiting the nearby Columbia Park Lakeside View, which offers scenic views of the Columbia River, and exploring the outdoor activities available at Leslie Groves or Howard Amon parks. You can also check out the Uptown Shopping Center, Let's Glow Mini Golf, and other attractions in the area. If you're looking for more ideas, you can visit the REACH Museum, Hanford Nuclear Reservation, or Badger Mountain Vineyard, which are all highly rated by locals and visitors alike.
What is the food scene like in West Richland?
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Unfortunately, I was unable to gather information about the food scene in West Richland due to an error, but I can suggest checking out online review sites such as Yelp to find highly rated restaurants and cafes in the area. You can also ask locals for recommendations on the best places to eat and drink.
What are the pros and cons of living in West Richland?
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The pros of living in West Richland include its peaceful and friendly neighborhoods, such as the Tapteal Area, and its range of outdoor activities and attractions, such as Columbia Park Lakeside View and the REACH Museum. However, some cons include the fact that it can be expensive to live in the area, and there may be safety concerns in certain parts of the city. According to Reddit, some residents have reported issues with crime and filth in the area, so it's worth doing your research and weighing the pros and cons before making a decision.
Is West Richland a good place to live?
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Overall, West Richland seems to be a nice place to live, with its peaceful neighborhoods, outdoor activities, and range of attractions. However, as with any city, there are pros and cons to consider, and it's worth doing your research and weighing these factors before making a decision. If you're looking for a friendly and scenic place to live with plenty of things to do, West Richland may be a good choice for you, but if you're concerned about safety or affordability, you may want to consider other options.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For West Richland WA Commercial Property: $82,848
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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