Remodeled Flex
For Sale
Contact for pricing
3170 George Washington Way, Richland, WA 99352
Renovated commercial space near Hanford-related employers, PNNL, and local restaurants.
Property Size20,530 SF
Price / SF$0.00
Days on Market777
Property Features for 3170 George Washington Way
General Information
Standard status
Active
Size
20,530 SF
Additional Details
Property Use
Flex Space
Taxes and HOA fees
Annual Taxes
$9,619
Listing Agency:
WSIC Commercial
Listed By:
Greg Markel · License #12600
(509) 735-2255
Source:
Exprealty
Added: Sep 12, 2024
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 WSIC Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,530-square-foot flex property at 3170 George Washington Way has been remodeled. Its scale and flex-space classification support a range of business configurations, including the daycare use noted in the property information.
The Richland location is near Hanford-related companies, PNNL, HMIS, and restaurants. Washington State University’s branch campus is south of the property.
The Richland location is near Hanford-related companies, PNNL, HMIS, and restaurants. Washington State University’s branch campus is south of the property.
Key Highlights
- 20,530‑square‑foot flex property
- Remodeled building
- Near Hanford‑related companies, PNNL, and HMIS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,544
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,410,880
$2.4M
Cap Rate 7%
$1,722,057
$1.7M
Cap Rate 9%
$1,339,378
$1.3M
Market Conditions
NOI Build-Up for 20,530 SF
Gross rent
$184.8K $9.00/SF
− Vacancy
−$12.6K −$0.61/SF
EGI
$172.2K $8.39/SF
− OpEx
−$51.7K −$2.52/SF
NOI
$120.5K $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%
$2,410,880
Cap Rate 7%
$1,722,057
Cap Rate 9%
$1,339,378
Alternative Uses
Best Use
Flex RnD
$2.33M
$2.03M – $2.71M
NOI $162,760 @ 7.0% cap · market cap 1,162,571.43%
Second Best
Industrial
$1.72M
$1.51M – $2.01M
NOI $120,544 @ 7.0% cap · market cap 861,028.57%
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,599 @ 7.0% cap · market cap 2,847,135.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space near Hanford-related employers, PNNL, and local restaurants.
Where is this flex space located?
The property is located at 3170 George Washington Way Richland, WA.
What are key features of this property?
This property features: 20,530‑square‑foot flex property; Remodeled building; Near Hanford‑related companies, PNNL, and HMIS
