Professional Office Suite with Shared
For Sale
Contact for pricing
A-z-3160 George Washington Way, Richland, WA 99352
Professional office space with individual offices, some open areas, shared restrooms, and shared corridors.
Property Size5,200 SF
Price / SF$0.00
Days on Market1417
Property Features for A-z-3160 George Washington Way
General Information
Standard status
Active
Size
5,200 SF
Taxes and HOA fees
Annual Taxes
$13,534
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 737-9429
Source:
Exprealty
Added: Dec 8, 2022
Changed: Oct 8
Last Checked: Oct 24 at 9:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Retter & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Sigma III building offers professional office space with an existing layout of individual offices plus some open areas. Suite access is supported by shared corridors, and restrooms are shared.
The building is positioned for companies seeking a footprint at the Richland Research and Technology Park and close proximity to the Hanford DOE Site or PNNL. Current tenants include Lucas Engineering and Fluor Federal Services. The lease rate includes utilities and building maintenance, and the property is locally managed.
The building is positioned for companies seeking a footprint at the Richland Research and Technology Park and close proximity to the Hanford DOE Site or PNNL. Current tenants include Lucas Engineering and Fluor Federal Services. The lease rate includes utilities and building maintenance, and the property is locally managed.
Key Highlights
- Sigma III building offers 5,200 SF of professional office space for lease
- Current layout includes individual offices, some open areas, shared restrooms, and shared corridors
- Lease rate includes utilities and building maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,400
$1.6M
Cap Rate 7%
$1,140,286
$1.1M
Cap Rate 9%
$886,889
$886.9K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$114.2K $21.96/SF
− Vacancy
−$7.8K −$1.49/SF
EGI
$106.4K $20.47/SF
− OpEx
−$26.6K −$5.12/SF
NOI
$79.8K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,400
Cap Rate 7%
$1,140,286
Cap Rate 9%
$886,889
Alternative Uses
Best Use
Office B
$1.14M
$997.8K – $1.33M
NOI $79,820 @ 7.0% cap · market cap 665,166.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,960 @ 7.0% cap · market cap 841,333.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space with individual offices, some open areas, shared restrooms, and shared corridors.
Where is this office unit located?
The property is located at A-z-3160 George Washington Way Richland, WA.
What are key features of this property?
This property features: Sigma III building offers 5,200 SF of professional office space for lease; Current layout includes individual offices, some open areas, shared restrooms, and shared corridors; Lease rate includes utilities and building maintenance
