Warehouse Office with Fenced
2011 Hagen Road Richland, WA 99354
New
For Sale
$1,500,000
Class A warehouse with heated and cooled space, fiber and 3-phase power, plus a fully fenced gravel laydown yard.
Property Size5,700 SF
Price / SF$263.16
Days on Market4
Property Features for 2011 Hagen Road
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Industrial - Warehouse/Distribution
Building Details
Year Built
2010
Listing Agency:
SVN | Retter & Company
(509) 379-3111
Listed By:
Scott Howell · License #131443
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 4:24AM
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
Investment Insights
Based on property information with market context.
Class A warehouse/office property combining office and warehouse space with a fully fenced, graveled laydown yard. The yard includes two large entrances, one with an automated gate. Inside, the downstairs office level features an open lobby, large conference room, two ADA restrooms, three offices, an IT storage room, and an expansive open warehouse area with a mezzanine.
The warehouse is served by wide garage doors measuring 12’ wide by 14’ high, and the space is heated and cooled. Floor drains run the entire length of the warehouse, supporting practical operations in the main work area.
Upstairs includes a fully built-out open working area with kitchenette, an ADA restroom, and a washer/dryer utility room. The building is equipped with fiber and 3-phase power. The current tenant’s lease expires 12/31/2026, and showings require contact with the listing agent for instructions.
The warehouse is served by wide garage doors measuring 12’ wide by 14’ high, and the space is heated and cooled. Floor drains run the entire length of the warehouse, supporting practical operations in the main work area.
Upstairs includes a fully built-out open working area with kitchenette, an ADA restroom, and a washer/dryer utility room. The building is equipped with fiber and 3-phase power. The current tenant’s lease expires 12/31/2026, and showings require contact with the listing agent for instructions.
Key Highlights
- Class A warehouse/office space built in 2010 offering 2,500 SF of warehouse and 3,200 SF of office
- Heated and cooled warehouse with 12’ wide x 14’ high garage doors and floor drains running the full warehouse length
- Fully fenced, graveled laydown yard with two large entrances, including an automated gate
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.2k | $21.96 |
| − Vacancy | −$8.5k | −$1.49 |
| EGI | $116.7k | $20.47 |
| − OpEx | −$29.2k | −$5.12 |
| NOI | $87.5k | $15.35 |
5,700 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,495 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$645.6K
$564.9K – $753.2K
NOI $45,189 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,668 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Class A warehouse with heated and cooled space, fiber and 3-phase power, plus a fully fenced gravel laydown yard.
Where is this flex space located?
The property is located at 2011 Hagen Road Richland, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Class A warehouse/office space built in 2010 offering 2,500 SF of warehouse and 3,200 SF of office; Heated and cooled warehouse with 12’ wide x 14’ high garage doors and floor drains running the full warehouse length; Fully fenced, graveled laydown yard with two large entrances, including an automated gate
