Highway-Frontage Flex
For Sale
Contact for pricing
1957 Fowler, Richland, WA 99352
A newer commercial building offers direct exposure along Highway 240 and access near Columbia Center Boulevard exits.
Property Size9,430 SF
Price / SF$1.20
Days on Market294
Property Features for 1957 Fowler
General Information
Standard status
Active
Size
9,430 SF
Property subtype
COMMERCIAL
Site & Location
Traffic Count
46,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Retail/Flex
Taxes and HOA fees
Annual Taxes
$26,561
Building Details
Building Size
9,430 SF
Year Built
2019
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Source:
Desertedgerealtygroup
Added: Jan 6
Changed: Oct 26
Last Checked: Oct 26 at 2:47PM
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 9,430-square-foot flex space was built in 2019 and presents a commercial configuration suited to flexible occupancy. Its position along Highway 240 provides highway frontage, with the property located just off Columbia Center Boulevard and its exits.
Highway 240 carries more than 46,700 cars per day, providing a measurable traffic context for the site. Access to the property is positioned near the Columbia Center Boulevard exits.
Highway 240 carries more than 46,700 cars per day, providing a measurable traffic context for the site. Access to the property is positioned near the Columbia Center Boulevard exits.
Key Highlights
- 9,430‑square‑foot flex space built in 2019
- Frontage along Highway 240
- Near Columbia Center Boulevard and its exits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,369
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,380
$1.1M
Cap Rate 7%
$790,986
$791.0K
Cap Rate 9%
$615,211
$615.2K
Market Conditions
NOI Build-Up for 9,430 SF
Gross rent
$84.9K $9.00/SF
− Vacancy
−$5.8K −$0.61/SF
EGI
$79.1K $8.39/SF
− OpEx
−$23.7K −$2.52/SF
NOI
$55.4K $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%
$1,107,380
Cap Rate 7%
$790,986
Cap Rate 9%
$615,211
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $110,976 @ 7.0% cap · market cap 984.27%
Second Best
Flex RnD
$1.07M
$934.5K – $1.25M
NOI $74,760 @ 7.0% cap · market cap 663.06%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,087 @ 7.0% cap · market cap 1,623.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
46,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Balanced
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 - A newer commercial building offers direct exposure along Highway 240 and access near Columbia Center Boulevard exits.
Where is this flex space located?
The property is located at 1957 Fowler Richland, WA.
What are key features of this property?
This property features: 9,430‑square‑foot flex space built in 2019; Frontage along Highway 240; Near Columbia Center Boulevard and its exits
