Flex Space with Warehouse
For Sale
Contact for pricing
2943 Belmont Blvd, West Richland, WA 99353
A shell-condition facility offers rooftop HVAC and the option to add office or retail buildout within the warehouse.
Property Size33,915 SF
Price / SF$0.00
Days on Market38
Property Features for 2943 Belmont Blvd
General Information
Standard status
Active
Size
33,915 SF
Total Parking Spaces
48
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$37,144
Building Details
Building Size
33,915 SF
Year Built
2027
Listing Agency:
SVN Retter & Company
Listed By:
Scott Sautell · License ##109003
(509) 430-8986
Source:
Desertedgerealtygroup
Added: Sep 21
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 SVN Retter & Company
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Investment Insights
Based on property information with market context.
The 33,915-square-foot flex building is in shell condition, with HVAC installed on the roof. It was designed for automotive manufacturing, and the available warehouse area may be finished with office or retail space if desired. Current ownership plans to use part of the building, leaving approximately 14,000 +/- square feet for a tenant.
Completed site work includes a parking lot with 48 spaces. The property sits at the signalized intersection of Belmont Blvd and Keene Road in the Belmont business District in West Richland, Washington. The building’s year built is 2027.
Completed site work includes a parking lot with 48 spaces. The property sits at the signalized intersection of Belmont Blvd and Keene Road in the Belmont business District in West Richland, Washington. The building’s year built is 2027.
Key Highlights
- Approximately 14,000 +/- square feet available for a tenant
- 33,915 square feet in the full building
- 48 parking spaces in the completed lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,135
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,982,700
$4.0M
Cap Rate 7%
$2,844,786
$2.8M
Cap Rate 9%
$2,212,611
$2.2M
Market Conditions
NOI Build-Up for 33,915 SF
Gross rent
$305.2K $9.00/SF
− Vacancy
−$20.8K −$0.61/SF
EGI
$284.5K $8.39/SF
− OpEx
−$85.3K −$2.52/SF
NOI
$199.1K $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%
$3,982,700
Cap Rate 7%
$2,844,786
Cap Rate 9%
$2,212,611
Alternative Uses
Best Use
Flex RnD
$3.84M
$3.36M – $4.48M
NOI $268,875 @ 7.0% cap · market cap 1,920,535.71%
Second Best
Warehouse
$3.03M
$2.65M – $3.53M
NOI $212,074 @ 7.0% cap · market cap 1,514,814.29%
Theoretical Best
Office A
$9.41M
$8.23M – $10.97M
NOI $658,474 @ 7.0% cap · market cap 4,703,385.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 99353, WA
17,934
Population
6,592
Households
2.7
Avg Household Size
37
Median Age
40%
College-Educated
93%
High-School Grad
25.8 sq mi
ZIP Area
695
Density / Sq Mi
$120,396
Median Household Income
$59,812
Median Earnings
$1,534
Median Rent
$407,600
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 - A shell-condition facility offers rooftop HVAC and the option to add office or retail buildout within the warehouse.
Where is this flex space located?
The property is located at 2943 Belmont Blvd West Richland, WA.
What are key features of this property?
This property features: Approximately 14,000 +/- square feet available for a tenant; 33,915 square feet in the full building; 48 parking spaces in the completed lot
