Mixed-Use Property with
For Sale
$1,600,000
3805-3933 Van Giesen Unit All, West Richland, WA 99353
The property combines commercial space with three residential units and is fully leased.
Property Size6,338 SF
Price / SF$252.45
Days on Market15
Property Features for 3805-3933 Van Giesen Unit All
General Information
Standard status
Active
Size
6,338 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Mixed-Use Components
commercial, residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,026
Building Details
Building Size
6,338 SF
Year Built
2024
Buildings
3
Tenancy
Multi
Listing Agency:
SVN Retter & Company
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Source:
Desertedgerealtygroup
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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.
This West Richland property brings together three commercial tenant spaces across two buildings and a residential triplex. The commercial component includes one building configured for two tenants and a separate building occupied by a single tenant; the residential building contains three units. The property is fully leased.
Improvements include renovated existing structures and newly built buildings completed in 2024.
Improvements include renovated existing structures and newly built buildings completed in 2024.
Key Highlights
- Fully leased mixed‑use property in West Richland, Washington
- Two‑tenant commercial building plus a separate single‑tenant commercial building
- Residential triplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,131
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,620
$1.1M
Cap Rate 7%
$787,586
$787.6K
Cap Rate 9%
$612,567
$612.6K
Market Conditions
NOI Build-Up for 6,338 SF
Gross rent
$85.9K $13.56/SF
− Vacancy
−$7.2K −$1.13/SF
EGI
$78.8K $12.43/SF
− OpEx
−$23.6K −$3.73/SF
NOI
$55.1K $8.70/SF
Area
Benton County, WA
Vacancy
8.36%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,620
Cap Rate 7%
$787,586
Cap Rate 9%
$612,567
Alternative Uses
Best Use
Multifamily LT 5
$787.6K
$689.1K – $918.9K
NOI $55,131 @ 7.0% cap · market cap 3.45%
Second Best
Mixed Use
$731.0K
$639.6K – $852.8K
NOI $51,167 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,055 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial space with three residential units and is fully leased.
Where is this mixed-use property located?
The property is located at 3805-3933 Van Giesen Unit All West Richland, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully leased mixed‑use property in West Richland, Washington; Two‑tenant commercial building plus a separate single‑tenant commercial building; Residential triplex
