Flex Space with Overhead
For Sale
Contact for pricing
1355 Dakota Unit C, Richland, WA 99352
Three suites offer office, warehouse, shop, and adaptable flex configurations.
Property Size2,160 SF
Price / SF$1.06
Days on Market36
Property Features for 1355 Dakota Unit C
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Industrial
Additional Details
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$5,065
Building Details
Building Size
2,160 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 27
Last Checked: Oct 27 at 3:18AM
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.
This 2004 flex property is arranged as three suites, with options to use them separately or combine them. Suite A has finished office space, while Suites B and C provide warehouse, shop, or flex layouts. The latter suites also feature high ceilings, overhead doors, and heating and cooling throughout.
Key Highlights
- Three suites can be used individually or combined
- Suite A includes finished office space
- Suites B and C have high ceilings and overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,683
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,660
$253.7K
Cap Rate 7%
$181,186
$181.2K
Cap Rate 9%
$140,922
$140.9K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$19.4K $9.00/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$18.1K $8.39/SF
− OpEx
−$5.4K −$2.52/SF
NOI
$12.7K $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%
$253,660
Cap Rate 7%
$181,186
Cap Rate 9%
$140,922
Alternative Uses
Best Use
Flex RnD
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 744.52%
Second Best
Warehouse
$193.0K
$168.8K – $225.1K
NOI $13,507 @ 7.0% cap · market cap 587.26%
Theoretical Best
Office A
$599.1K
$524.2K – $699.0K
NOI $41,937 @ 7.0% cap · market cap 1,823.35%
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 office, warehouse, shop, and adaptable flex configurations.
Where is this flex space located?
The property is located at 1355 Dakota Unit C Richland, WA.
What are key features of this property?
This property features: Three suites can be used individually or combined; Suite A includes finished office space; Suites B and C have high ceilings and overhead doors
