Multi-Suite Flex
For Sale
Contact for pricing
1355 Dakota, Richland, WA 99352
Three suites offer separate occupancy or the option to combine space for larger requirements.
Property Size1,035 SF
Price / SF$1.35
Days on Market36
Property Features for 1355 Dakota
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Office
Additional Details
Conditioned Warehouse
Yes
Property Use
Warehouse / Shop / Flex
Taxes and HOA fees
Annual Taxes
$5,065
Building Details
Building Size
1,035 SF
Year Built
2004
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Source:
Desertedgerealtygroup
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 26 at 1:37PM
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
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Investment Insights
Based on property information with market context.
Built in 2004, this 3,870-square-foot flex property is arranged as three suites. Suite A has finished office space, while Suites B and C provide warehouse, shop, or flex configurations. The latter suites include overhead doors and high ceilings, with heating and cooling throughout.
Key Highlights
- Three suites may be occupied individually or combined
- 3,870 square feet; built in 2004
- Suite A has finished office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,077
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,540
$121.5K
Cap Rate 7%
$86,814
$86.8K
Cap Rate 9%
$67,522
$67.5K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$9.3K $9.00/SF
− Vacancy
−$633 −$0.61/SF
EGI
$8.7K $8.39/SF
− OpEx
−$2.6K −$2.52/SF
NOI
$6.1K $5.87/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,540
Cap Rate 7%
$86,814
Cap Rate 9%
$67,522
Alternative Uses
Best Use
Flex RnD
$117.2K
$102.6K – $136.8K
NOI $8,205 @ 7.0% cap · market cap 586.07%
Second Best
Warehouse
$92.5K
$80.9K – $107.9K
NOI $6,472 @ 7.0% cap · market cap 462.29%
Theoretical Best
Office A
$287.1K
$251.2K – $334.9K
NOI $20,095 @ 7.0% cap · market cap 1,435.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Three suites offer separate occupancy or the option to combine space for larger requirements.
Where is this flex space located?
The property is located at 1355 Dakota Richland, WA.
What are key features of this property?
This property features: Three suites may be occupied individually or combined; 3,870 square feet; built in 2004; Suite A has finished office space
