Owner-User Flex
For Sale
$1,500,000
2011 Hagen Road, Richland, WA 99354
Commercial Sale, Richland, WA
Property Size5,700 SF
Lot Size0.79 Acres
Price / SF$263.16
Days on Market93
Property Features for 2011 Hagen Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUST /LIGHT
Parking
41
Directions
Highway 240 & Hagen Road
Standard status
Active
APN
134081012690001
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6217
Amenities
conference room
kitchenette
washer/dryer utility room
Building Details
Year built
2010
Listing Agency:
SVN Retter & Company
(509) 737-9429
Listed By:
Scott Howell · License #131443
(509) 379-3111
Added: Jul 14
Changed: Oct 7
Last Checked: Oct 14 at 7:06PM
MLS# 294676
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2010, this flex property combines 3,200 sqft of office space with 2,500 sqft of warehouse area. The lower level includes an open lobby, conference room, three offices, two ADA restrooms, IT storage, and warehouse space with a mezzanine. Upstairs provides an open work area, kitchenette, ADA restroom, and washer/dryer utility room.
The warehouse is heated and cooled, with floor drains extending through the space and garage doors measuring 12' wide x 14' high. The site includes a fully fenced, graveled laydown yard with two large entrances, including one automated gate. Fiber and 3 phase power serve the building, which is zoned INDUST /LIGHT. The current tenant’s lease expires 12/31/2026.
The warehouse is heated and cooled, with floor drains extending through the space and garage doors measuring 12' wide x 14' high. The site includes a fully fenced, graveled laydown yard with two large entrances, including one automated gate. Fiber and 3 phase power serve the building, which is zoned INDUST /LIGHT. The current tenant’s lease expires 12/31/2026.
Key Highlights
- 3,200 sqft of office space and 2,500 sqft of warehouse space
- Fully fenced, graveled laydown yard on 0.79 acres
- Warehouse garage doors measure 12' wide x 14' high
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
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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
172
Businesses Nearby
Well-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Finished office areas accompany climate-controlled warehouse space and a fenced yard with two access points.
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: 3,200 sqft of office space and 2,500 sqft of warehouse space; Fully fenced, graveled laydown yard on 0.79 acres; Warehouse garage doors measure 12' wide x 14' high
