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Warehouse and Office Flex Facility

2011 Hagen Road Richland, WA 99354

New
2011 Hagen Road, Richland, WA, 99354
$1,500,000
For Sale
Claim this Listing
$1,500,000

COMMERCIAL - Richland, WA

Property Size5,700 SF
Lot Size0.79 Acres
Price / SF$263.16
AddedJul 14
Days on Market1
Last RefreshJul 14 at 7:06 pm

Property Features for 2011 Hagen Road

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
INDUST /LIGHT
Parking
41
Standard status
Active
APN
134081012690001
Lot size
0.79 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
6217

Building Details

Year built
2010

Listing agent Scott Howell License #131443

Listing office SVN Retter & Company 418 N Kellog, KENNEWICK, WA

Listing date Jul 14, 2026

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.

This flex warehouse and office facility offers a mix of functional space for owner-users. The property includes approximately 3,200 square feet of office buildout with a lobby, large conference room, multiple offices, an IT storage room, and ADA restrooms. The warehouse portion includes a large open area with a mezzanine, floor drains running the length of the warehouse space, and heated and cooled conditions. Warehouse access is provided by 12' wide by 14' high garage doors.

Outside, the site features a fully fenced, graveled lay down yard with two large entrances, including one with an automated gate.

The building is equipped with fiber connectivity and 3-phase power. The current tenant’s lease expires 12/31/2026; please do not disturb and contact the listing agent for showing instructions.

Key Highlights

  • 2010‑built warehouse/office with 3,200 SF office and 2,500 SF warehouse
  • Fully fenced, graveled laydown yard with two large entrances, including an automated gate
  • Warehouse has 12' wide x 14' high garage doors and is heated and cooled

Local 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 (±1% cap)
NOI $87,495 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$645.6K
$564.9K – $753.2K (±1% cap)
NOI $45,189 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M (±1% cap)
NOI $110,668 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Restaurant Law Firm Hair Salon Big Box & Wholesale Store HVAC Service Nail Salon Spa & Massage Center Garden Center Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Heated and cooled warehouse with mezzanine, powered for fiber connectivity and features a fenced, graveled lay down 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: 2010‑built warehouse/office with 3,200 SF office and 2,500 SF warehouse; Fully fenced, graveled laydown yard with two large entrances, including an automated gate; Warehouse has 12' wide x 14' high garage doors and is heated and cooled
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