Flex Space with Fenced Laydown
2011 Hagen Rd, Richland, WA 99354
For Sale
Contact for pricing
Class A flex space with a fully fenced, graveled laydown yard and heated, cooled warehouse with mezzanine.
Property Size5,700 SF
Price / SF$263.16
Days on Market120
Property Features for 2011 Hagen Rd
General Information
Standard status
Size
Class
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Utilities to Site
Warehouse & Industrial
Warehouse Space
Office Build-Out
Three-Phase Power
Conditioned Warehouse
Amenities
conference room
kitchenette
washer/dryer utility room
IT storage room
Building Details
Stories
Tenancy
Listing Agency:
SVN Retter & Company
(509) 737-9429
Listed By:
Scott Howell · License WA #131443
(509) 379-3111
Source:
Moodyscre
Added: Jul 14
Changed: Nov 9
Last Checked: Nov 10 at 5:56AM
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 Class A flex space combines office and warehouse use in one building. The property includes approximately 3,200 SF of office space and 2,500 SF of warehouse space within an overall 5,700 SF footprint. The downstairs office features an open lobby, a large conference room, two ADA restrooms, three offices, an IT storage room, and a large open warehouse area with a mezzanine.
Operationally, the warehouse is heated and cooled and served by floor drains running the entire length of the warehouse space. There are multiple warehouse garage doors measuring 12’ wide by 14’ high. The exterior includes a fully fenced, graveled lay down yard with two large entrances, including one with an automated gate.
Upstairs provides a built-out open working area with a kitchenette, an additional 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; please do not disturb the tenant and contact the listing agent for showing instructions.
Operationally, the warehouse is heated and cooled and served by floor drains running the entire length of the warehouse space. There are multiple warehouse garage doors measuring 12’ wide by 14’ high. The exterior includes a fully fenced, graveled lay down yard with two large entrances, including one with an automated gate.
Upstairs provides a built-out open working area with a kitchenette, an additional 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; please do not disturb the tenant and contact the listing agent for showing instructions.
Key Highlights
- 5,700 SF Class A flex building with 3,200 SF office and 2,500 SF warehouse
- Fully fenced, graveled lay down yard with two large entrances; one has an automated gate
- Downstairs office includes open lobby, large conference room, 2 ADA restrooms, and 3 offices
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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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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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
$355,400
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Richland, WA
Properties on Market for Flex space in Richland
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Class A flex space with a fully fenced, graveled laydown yard and heated, cooled warehouse with mezzanine.
Where is this flex space located?
The property is located at 2011 Hagen Rd 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: 5,700 SF Class A flex building with 3,200 SF office and 2,500 SF warehouse; Fully fenced, graveled lay down yard with two large entrances; one has an automated gate; Downstairs office includes open lobby, large conference room, 2 ADA restrooms, and 3 offices
