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    Light Industrial Building with Drive-In Doors Title is generated by Realmo AI

    2943 Belmont Blvd, West Richland, WA 99353

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    For Lease
    $14 SF/Yr $39,567/Mo (calc)

    Approximately 14,000 SF available in a light industrial shell with roof HVAC and ample parking for flexible tenant build-out.

    Type:Industrial
    Property size:
    33,915 SF
    Lot size:
    4.82 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:16 am

    Property Features for 2943 Belmont Blvd

    General Information

    Standard status
    Active
    Size
    33,915 SF
    Lot size
    4.82 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 2943 Belmont Blvd Contact us

    We can help!

    Listing Contact
    Scott Sautell

    Listing agent Scott Sautell License #WA #109003

    Listing office SVN Retter & Company

    Listing date Jun 2, 2026

    Source Svn

    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 SVN Retter & Company

    HighLights

    • Approximately 14,000 SF available in a 33,915 SF light industrial building built in 2021
    • Roof HVAC installed and building is delivered in a gray shell state, with landlord build‑out to shell
    • Site work and parking lot are complete with 48 parking spaces
    • Multiple drive‑in truck doors plus man doors; potential to add a dedicated storefront
    • Located at the signalized intersection of Belmont Blvd and Keene Road in the Belmont business district
    • Light industrial zoned; warehouse space available with option for office or retail build‑out within the warehouse

    Overview

    A 33,915-square-foot light industrial building is available for lease in West Richland, with the current owner occupying a portion and approximately 14,000 +/- square feet available for a new tenant. The building is delivered in a gray shell condition with HVAC installed on the roof, and site work along with a completed parking lot are already in place. The space is suitable for warehouse use, with the option to build out office or retail components within the warehouse configuration if a combined layout is needed. Multiple drive-in truck doors and man doors are possible, and a dedicated storefront could potentially be added as part of the build-out.

    The property sits at a signalized intersection in the Belmont business district, positioned at Belmont Blvd and Keene Road. With 48 parking spaces currently in place, the site supports both employee parking and customer access depending on the final tenant use.

    This asset is well suited for light industrial operations that need warehouse flexibility and functional loading access, while still allowing room for office or limited retail build-out. The landlord will build out to shell, making it a practical option for tenants who want a ready baseline with room to tailor the interior improvements to their specific needs.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Richland
    County
    Benton
    State
    Washington
    Longitude
    -119.36786
    Latitude
    46.287403

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    FAQs

    What type of property is this?
    Warehouse - Approximately 14,000 SF available in a light industrial shell with roof HVAC and ample parking for flexible tenant build-out.
    Where is this warehouse located?
    The property is located at 2943 Belmont Blvd West Richland, WA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Approximately 14,000 SF available in a 33,915 SF light industrial building built in 2021; Roof HVAC installed and building is delivered in a gray shell state, with landlord build‑out to shell; Site work and parking lot are complete with 48 parking spaces
    (509) 430-8986
    We can help!
    Listing Contact
    Scott Sautell
    Real Estate License ID: WA #109003
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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