Flex Space with High-Bay
For Sale
Contact for pricing
2920 George Washington Way # 101, Richland, WA 99354
A two-level layout combines warehouse capacity with dedicated office, conference, and restroom areas.
Property Size35,000 SF
Price / SF$0.00
Days on Market126
Property Features for 2920 George Washington Way # 101
General Information
Standard status
Active
Size
35,000 SF
Property subtype
COMMERCIAL
Additional Details
Highway Access
Yes
Amenities
high-bay warehouse space
grade-level roll-up doors
conference room
flexible work areas
Building Details
Building Size
35,000 SF
Year Built
1976
Listing Agency:
Windermere Group One/Tri-Cities
Listed By:
April Connors · License #21037746
(509) 539-6773
Source:
Desertedgerealtygroup
Added: Jun 25
Changed: Oct 27
Last Checked: Oct 27 at 4:23AM
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 Windermere Group One/Tri-Cities
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 flex space offers approximately 10,000 square feet across two levels. The lower floor includes 5,000 SF of high-bay warehouse area, two grade-level roll-up doors measuring 14' x 16' each, and 2,500 sqft of office, workspace, and restroom facilities. An additional 2,500 sqft upstairs is configured for professional office use, with a conference room and flexible work areas.
The property is in Richland’s Business Research Park district, near employment centers, research facilities, and Washington State University Tri-Cities. I-82 and I-182 provide regional access. The building dates to 1976, and ample parking is noted.
The property is in Richland’s Business Research Park district, near employment centers, research facilities, and Washington State University Tri-Cities. I-82 and I-182 provide regional access. The building dates to 1976, and ample parking is noted.
Key Highlights
- Approximately 10,000 square feet arranged over two levels
- 5,000 SF of high‑bay warehouse space
- Two 14' x 16' grade‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,506
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,110,120
$4.1M
Cap Rate 7%
$2,935,800
$2.9M
Cap Rate 9%
$2,283,400
$2.3M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$315.0K $9.00/SF
− Vacancy
−$21.4K −$0.61/SF
EGI
$293.6K $8.39/SF
− OpEx
−$88.1K −$2.52/SF
NOI
$205.5K $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%
$4,110,120
Cap Rate 7%
$2,935,800
Cap Rate 9%
$2,283,400
Alternative Uses
Best Use
Flex RnD
$3.96M
$3.47M – $4.62M
NOI $277,477 @ 7.0% cap · market cap 1,387,385.00%
Second Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $218,859 @ 7.0% cap · market cap 1,094,295.00%
Theoretical Best
Office A
$9.71M
$8.49M – $11.33M
NOI $679,540 @ 7.0% cap · market cap 3,397,700.00%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A two-level layout combines warehouse capacity with dedicated office, conference, and restroom areas.
Where is this flex space located?
The property is located at 2920 George Washington Way # 101 Richland, WA.
What are key features of this property?
This property features: Approximately 10,000 square feet arranged over two levels; 5,000 SF of high‑bay warehouse space; Two 14' x 16' grade‑level roll‑up doors
