Warehouse Office with Fenced
For Sale
$1,500,000
2011 Hagen Road, Richland, WA 99354
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 Market95
Property Features for 2011 Hagen Road
General Information
Standard status
Active
Size
5,700 SF
Class
C
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Amenities
lobby
conference room
IT storage room
mezzanine
kitchenette
washer/dryer utility room
Building Details
Building Size
5,700 SF
Year Built
2010
Stories
2
Listing Agency:
SVN | Retter & Company
Listed By:
Scott Howell · License #131443
(509) 379-3111
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 5:02AM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$87,495
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,900
$1.7M
Cap Rate 7%
$1,249,929
$1.2M
Cap Rate 9%
$972,167
$972.2K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$125.2K $21.96/SF
− Vacancy
−$8.5K −$1.49/SF
EGI
$116.7K $20.47/SF
− OpEx
−$29.2K −$5.12/SF
NOI
$87.5K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,749,900
Cap Rate 7%
$1,249,929
Cap Rate 9%
$972,167
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 99354, WA
24,839
Population
10,807
Households
2.3
Avg Household Size
37
Median Age
42%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,039
Density / Sq Mi
$88,601
Median Household Income
$50,192
Median Earnings
$1,299
Median Rent
$355,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
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
