Flexible Industrial Property with Two
2676 Van Giesen St Richland, WA 99354
For Sale
$1,400,000
Pending
Two industrial buildings on five parcels include fenced yard access with multiple security gates.
Property Size13,044 SF
Days on Market55
Property Features for 2676 Van Giesen St
General Information
- Standard status
- Pending
- Size
- 13,044 SF
Listing Agency:
Berkshire Hathaway Hm Serv Central WA Real Estate
(509) 254-3447
Listed By:
Shannon Jones · License #25020870
(509) 254-3447
Source:
Exprealty
Added: May 30
Changed: Jul 23
Last Checked: Jul 23 at 8:57AM
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 Berkshire Hathaway Hm Serv Central WA Real Estate
Investment Insights
Based on property information with market context.
This for-sale industrial property includes two buildings separated by parcels and set on five parcels. The site is zoned C3 general business use and is currently in Zone B, with no flood prevention measures required per the provided remarks. Over three-quarters of the property is fenced and secured with three large security gates. The property is being sold in as-is condition.
Building 1, closest to Van Giesen St, totals 8,360 SF and is constructed primarily with CMU walls and a metal screw-down roof on a concrete slab. The layout includes a full glass-front service desk area, an office, a five-bay service area, and an additional 2,400 SF of open floor space at the rear, along with a separate employee break room and mechanical room. There are two bathrooms (no shower), plus two separate second-floor areas consisting of a 400 SF loft and a 270 SF mezzanine. Building 2 totals 4,684 SF and is similar in construction, with small office, bathroom, and mechanical/storage rooms that remain unfinished, plus a 272 SF upstairs mezzanine.
Site utilities include a private well, septic system, and drain field. The north perimeter is adjacent to an 18-hole golf course (Buckskin Golf Course), and the property is located less than one-quarter mile west of Bypass Highway 240 and less than two miles east of the City of West Richland, based on the remarks provided.
Building 1, closest to Van Giesen St, totals 8,360 SF and is constructed primarily with CMU walls and a metal screw-down roof on a concrete slab. The layout includes a full glass-front service desk area, an office, a five-bay service area, and an additional 2,400 SF of open floor space at the rear, along with a separate employee break room and mechanical room. There are two bathrooms (no shower), plus two separate second-floor areas consisting of a 400 SF loft and a 270 SF mezzanine. Building 2 totals 4,684 SF and is similar in construction, with small office, bathroom, and mechanical/storage rooms that remain unfinished, plus a 272 SF upstairs mezzanine.
Site utilities include a private well, septic system, and drain field. The north perimeter is adjacent to an 18-hole golf course (Buckskin Golf Course), and the property is located less than one-quarter mile west of Bypass Highway 240 and less than two miles east of the City of West Richland, based on the remarks provided.
Key Highlights
- Commercial property on five parcels zoned C3 (general business use), currently in Zone B, with flexible development potential
- Two buildings totaling 13,044 SF: 8,360 SF and 4,684 SF, sold in as‑is condition
- Fenced site with 3 large security gates and yard access across the property
Financial Insights For Flex RnD
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 | $172.2k | $13.20 |
| − Vacancy | −$13.1k | −$1.00 |
| EGI | $159.1k | $12.20 |
| − OpEx | −$55.7k | −$4.27 |
| NOI | $103.4k | $7.93 |
13,044 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.29M – $1.72M
NOI $103,412 @ 7.0% cap · market cap 7.39%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,566 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,255 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dean's Automotive Repair
Auto Repair Shop
FAQs
What type of property is this?
Flex space - Two industrial buildings on five parcels include fenced yard access with multiple security gates.
Where is this flex space located?
The property is located at 2676 Van Giesen St Richland, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Commercial property on five parcels zoned C3 (general business use), currently in Zone B, with flexible development potential; Two buildings totaling 13,044 SF: 8,360 SF and 4,684 SF, sold in as‑is condition; Fenced site with 3 large security gates and yard access across the property
