Warehouse and Office Flex
2011 Hagen Road Richland, WA 99354
New
2011 Hagen Road, Richland, WA, 99354
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Richland, WA
Property Size5,700 SF
Lot Size0.79 Acres
Price / SF$263.16
Days on Market4
Property Features for 2011 Hagen Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- INDUST /LIGHT
- Parking
- 41
- Standard status
- Active
- APN
- 134081012690001
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6217
Building Details
- Year built
- 2010
Listing Agency
SVN Retter & Company
(509) 737-9429
418 N Kellog, KENNEWICK, WA
Listed by
Scott Howell · License #131443
(509) 379-3111
Added: Jul 14 Checked: Jul 17 at 11:06 am
MLS# 294676
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex warehouse and office facility offers a mix of functional space for owner-users. The property includes approximately 3,200 square feet of office buildout with a lobby, large conference room, multiple offices, an IT storage room, and ADA restrooms. The warehouse portion includes a large open area with a mezzanine, floor drains running the length of the warehouse space, and heated and cooled conditions. Warehouse access is provided by 12' wide by 14' high garage doors.
Outside, the site features a fully fenced, graveled lay down yard with two large entrances, including one with an automated gate.
The building is equipped with fiber connectivity and 3-phase power. The current tenant’s lease expires 12/31/2026; please do not disturb and contact the listing agent for showing instructions.
Outside, the site features a fully fenced, graveled lay down yard with two large entrances, including one with an automated gate.
The building is equipped with fiber connectivity and 3-phase power. The current tenant’s lease expires 12/31/2026; please do not disturb and contact the listing agent for showing instructions.
Key Highlights
- 2010‑built warehouse/office with 3,200 SF office and 2,500 SF warehouse
- Fully fenced, graveled laydown yard with two large entrances, including an automated gate
- Warehouse has 12' wide x 14' high garage doors and is heated and cooled
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.2k | $21.96 |
| − Vacancy | −$8.5k | −$1.49 |
| EGI | $116.7k | $20.47 |
| − OpEx | −$29.2k | −$5.12 |
| NOI | $87.5k | $15.35 |
5,700 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,495 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$645.6K
$564.9K – $753.2K
NOI $45,189 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,668 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Heated and cooled warehouse with mezzanine, powered for fiber connectivity and features a fenced, graveled lay down yard.
Where is this flex space located?
The property is located at 2011 Hagen Road Richland, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2010‑built warehouse/office with 3,200 SF office and 2,500 SF warehouse; Fully fenced, graveled laydown yard with two large entrances, including an automated gate; Warehouse has 12' wide x 14' high garage doors and is heated and cooled
