Industrial Laboratory
For Sale
$1,115,000
2765 Salk Ave, Richland, WA 99354
Two wings combine laboratory space with a separately configured area for computer server equipment.
Property Size10,422 SF
Price / SF$106.99
Days on Market968
Property Features for 2765 Salk Ave
General Information
Standard status
Active
Size
10,422 SF
Property subtype
COMMERCIAL
Warehouse & Industrial
Power
480 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$6,347
Building Details
Building Size
10,422 SF
Year Built
1980
Buildings
1
Listing Agency:
Tippett Company of Washington
Listed By:
Kirt Shaffer · License #50402
(509) 521-9183
Source:
Desertedgerealtygroup
Added: Mar 5, 2024
Changed: Oct 27
Last Checked: Oct 27 at 3:30AM
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 Tippett Company of Washington
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Investment Insights
Based on property information with market context.
The 10,422-square-foot industrial building has two wings: one previously configured to support a secured computer server, and the other used as laboratory space. The property includes 3-phase, 480 amp electrical service, multiple compressed-air drops, eye-wash stations, and a glycol supply line. A 40-ton Trane heating and cooling system serves the building, which also has security windows, emergency lighting, and a fire alarm system with sprinklers throughout.
The building is situated on 0.56 leased acres. PNNL occupied both wings for 18 years.
The building is situated on 0.56 leased acres. PNNL occupied both wings for 18 years.
Key Highlights
- 10,422‑square‑foot building with two wings
- Laboratory space and a separate wing previously used to support a secured computer server
- 3‑phase, 480 amp power service and multiple compressed‑air feed drops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,194
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,880
$1.2M
Cap Rate 7%
$874,200
$874.2K
Cap Rate 9%
$679,933
$679.9K
Market Conditions
NOI Build-Up for 10,422 SF
Gross rent
$93.8K $9.00/SF
− Vacancy
−$6.4K −$0.61/SF
EGI
$87.4K $8.39/SF
− OpEx
−$26.2K −$2.52/SF
NOI
$61.2K $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%
$1,223,880
Cap Rate 7%
$874,200
Cap Rate 9%
$679,933
Alternative Uses
Best Use
Industrial
$874.2K
$764.9K – $1.02M
NOI $61,194 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,348 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
89
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two wings combine laboratory space with a separately configured area for computer server equipment.
Where is this manufacturing property located?
The property is located at 2765 Salk Ave Richland, WA.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: 10,422‑square‑foot building with two wings; Laboratory space and a separate wing previously used to support a secured computer server; 3‑phase, 480 amp power service and multiple compressed‑air feed drops
