Storage Unit with Electric
For Sale
Contact for pricing
903 Curie Street, Richland, WA 99354
Ground-level storage unit includes electricity and a 14-foot electric access door within a fully fenced facility.
Property Size640 SF
Price / SF$107.81
Days on Market505
Property Features for 903 Curie Street
General Information
Standard status
Active
Size
640 SF
Property subtype
INDUSTRIAL
Listing Agency:
Associated Appraisers of Walla Walla LLC
Listed By:
Michael Fredrickson · License #21009558
(509) 522-2272
Source:
Moodyscre
Added: Apr 24, 2025
Changed: Aug 10
Last Checked: Sep 9 at 9:59AM
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 Associated Appraisers of Walla Walla LLC
Investment Insights
Based on property information with market context.
The LuxLocker Storage Condominiums include a 16' x 40' storage unit with flat, ground-level access and an electric 14-foot access door. The unit has electricity and on-site shared water, and includes an RV sewage depository. The facility is fully fenced and secured with electric gate access, and all utilities are paid through yearly CAM fees.
This unit is located at 903 Curie Street in Richland, Washington, within the LuxLocker Storage Condominium facility. The configuration supports straightforward drive-up-style access via the ground-level door.
For interested parties, the combination of electric entry and utility access makes the unit suitable for a range of storage needs covered by the facility’s shared services.
This unit is located at 903 Curie Street in Richland, Washington, within the LuxLocker Storage Condominium facility. The configuration supports straightforward drive-up-style access via the ground-level door.
For interested parties, the combination of electric entry and utility access makes the unit suitable for a range of storage needs covered by the facility’s shared services.
Key Highlights
- 16' x 40' ground‑level storage condominium unit with flat access
- Electric, 14‑foot electric access door for convenient loading and unloading
- Electricity included for the unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,371
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$107,420
$107.4K
Cap Rate 7%
$76,729
$76.7K
Cap Rate 9%
$59,678
$59.7K
Market Conditions
NOI Build-Up for 640 SF
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.
Gross rent
$8.3K $12.96/SF
− Vacancy
−$622 −$0.97/SF
EGI
$7.7K $11.99/SF
− OpEx
−$2.3K −$3.60/SF
NOI
$5.4K $8.39/SF
Area
Benton County, WA
Vacancy
7.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$107,420
Cap Rate 7%
$76,729
Cap Rate 9%
$59,678
Alternative Uses
Best Use
Self Storage
$76.7K
$67.1K – $89.5K
NOI $5,371 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$57.2K
$50.0K – $66.7K
NOI $4,002 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$177.5K
$155.3K – $207.1K
NOI $12,426 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 99354, WA
24,839
Population
10,807
Households
2.3
Avg Household Size
37
Median Age
42%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,039
Density / Sq Mi
$88,601
Median Household Income
$50,192
Median Earnings
$1,299
Median Rent
$355,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Ground-level storage unit includes electricity and a 14-foot electric access door within a fully fenced facility.
Where is this self storage facility located?
The property is located at 903 Curie Street Richland, WA.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: 16' x 40' ground‑level storage condominium unit with flat access; Electric, 14‑foot electric access door for convenient loading and unloading; Electricity included for the unit
