Flex Building with Laboratory
For Sale
Contact for pricing
2765 Salk Ave 102, Richland, WA 99354
Two-wing commercial building with laboratory improvements, specialized building systems, and enhanced security features.
Property Size10,422 SF
Price / SF$0.00
Days on Market933
Property Features for 2765 Salk Ave 102
General Information
Standard status
Active
Size
10,422 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$6,347
Building Details
Year Built
1980
Listing Agency:
Tippett Company of Washington
Listed By:
Kirt Shaffer · License #50402
(509) 521-9183
Source:
Exitrealty
Added: Mar 30, 2024
Changed: Oct 10
Last Checked: Oct 11 at 4:28AM
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.
Located at 2765 Salk Ave in Richland, Washington, this 10,422-square-foot flex building is arranged in two wings. The property includes laboratory improvements and a separately configured area historically supporting a secured computer server operation. Specialized infrastructure includes 3-phase 480 amp electrical service, multiple compressed-air drops, eye-wash stations, a Glycol supply line system, and a 40-Ton Trane heating and cooling system.
Building systems include emergency lighting, a fire alarm with sprinklers throughout, and security windows. The improvements occupy 0.56 leased acres. Both wings were used by PNNL for 18 years, and property tours are available through the listing agent.
Building systems include emergency lighting, a fire alarm with sprinklers throughout, and security windows. The improvements occupy 0.56 leased acres. Both wings were used by PNNL for 18 years, and property tours are available through the listing agent.
Key Highlights
- 10,422 square feet across two building wings
- 0.56 leased acres in Richland, WA
- Upgraded 3‑phase 480 amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,194
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
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,625 @ 7.0% cap · market cap 590,178.57%
Second Best
Industrial
$874.2K
$764.9K – $1.02M
NOI $61,194 @ 7.0% cap · market cap 437,100.00%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,348 @ 7.0% cap · market cap 1,445,342.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two-wing commercial building with laboratory improvements, specialized building systems, and enhanced security features.
Where is this flex space located?
The property is located at 2765 Salk Ave 102 Richland, WA.
What are key features of this property?
This property features: 10,422 square feet across two building wings; 0.56 leased acres in Richland, WA; Upgraded 3‑phase 480 amp electrical service
