Flex Space with Warehouse
For Sale
Contact for pricing
2509 Logan Street Unit 109, Richland, WA 99354
A warehouse and office configuration includes a storefront, insulated overhead doors and fire sprinklers.
Property Size20,160 SF
Price / SF$0.30
Days on Market22
Property Features for 2509 Logan Street Unit 109
General Information
Standard status
Active
Size
20,160 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Sprinkler System
Yes
Additional Details
Property Use
Flex Space
Taxes and HOA fees
Annual Taxes
$46,727
Building Details
Building Size
20,160 SF
Year Built
2023
Listing Agency:
Kiemle& Hagood Company
Listed By:
Lance Bacon · License #25742
(509) 430-6547
Source:
Desertedgerealtygroup
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 Kiemle& Hagood Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,160-square-foot flex property combines warehouse and office space with a storefront. The warehouse has 20-foot ceilings, liner panel extending 8 feet up the walls, and 14-foot-tall insulated overhead doors. Fire sprinklers and on-site security cameras are also in place. The building was constructed in 2023.
Large-truck access is noted for the property. The master lease runs through 11/30/2028.
Large-truck access is noted for the property. The master lease runs through 11/30/2028.
Key Highlights
- 20,160 square feet of flex space
- Warehouse and office areas with a storefront
- 14 ft. tall insulated overhead doors and large‑truck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,371
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,420
$2.4M
Cap Rate 7%
$1,691,014
$1.7M
Cap Rate 9%
$1,315,233
$1.3M
Market Conditions
NOI Build-Up for 20,160 SF
Gross rent
$181.4K $9.00/SF
− Vacancy
−$12.3K −$0.61/SF
EGI
$169.1K $8.39/SF
− OpEx
−$50.7K −$2.52/SF
NOI
$118.4K $5.87/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,420
Cap Rate 7%
$1,691,014
Cap Rate 9%
$1,315,233
Alternative Uses
Best Use
Flex RnD
$2.28M
$2.00M – $2.66M
NOI $159,827 @ 7.0% cap · market cap 2,609.42%
Second Best
Warehouse
$1.80M
$1.58M – $2.10M
NOI $126,063 @ 7.0% cap · market cap 2,058.17%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,415 @ 7.0% cap · market cap 6,390.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Sprinkler system
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
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A warehouse and office configuration includes a storefront, insulated overhead doors and fire sprinklers.
Where is this flex space located?
The property is located at 2509 Logan Street Unit 109 Richland, WA.
What are key features of this property?
This property features: 20,160 square feet of flex space; Warehouse and office areas with a storefront; 14 ft. tall insulated overhead doors and large‑truck access
