Office-and-Warehouse Flex
For Sale
Contact for pricing
454 Stevens # 454, Richland, WA 99354
Two levels accommodate private offices, reception, a kitchenette, restrooms, and warehouse space.
Property Size3,214 SF
Price / SF$1.00
Days on Market384
Property Features for 454 Stevens # 454
General Information
Standard status
Active
Size
3,214 SF
Property subtype
COMMERCIAL
Warehouse & Industrial
Warehouse Space
1,674 SF
Office Build-Out
1,540 SF
Additional Details
Property Use
Office/Warehouse
Taxes and HOA fees
Annual Taxes
$8,135
Amenities
four private offices
reception/waiting area
kitchenette
restrooms
Building Details
Building Size
3,214 SF
Year Built
2020
Stories
2
Listing Agency:
StrickerCRE
Listed By:
Jazmine Murillo · License #123853
(509) 792-0428
Source:
Desertedgerealtygroup
Added: Oct 10, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:19AM
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 StrickerCRE
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Investment Insights
Based on property information with market context.
Built in 2020, this flex property combines 1,540 square feet of office space with a 1,674-square-foot warehouse bay. The office build-out includes four private offices, a reception and waiting area, and a kitchenette. Restrooms are available on both floors.
Located in Richland, Washington, the property offers a mix of office and warehouse space within one commercial facility.
Located in Richland, Washington, the property offers a mix of office and warehouse space within one commercial facility.
Key Highlights
- 1,540 square feet of built‑out office space
- 1,674‑square‑foot warehouse bay
- Four private offices, plus reception and waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,871
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,420
$377.4K
Cap Rate 7%
$269,586
$269.6K
Cap Rate 9%
$209,678
$209.7K
Market Conditions
NOI Build-Up for 3,214 SF
Gross rent
$28.9K $9.00/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$27.0K $8.39/SF
− OpEx
−$8.1K −$2.52/SF
NOI
$18.9K $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%
$377,420
Cap Rate 7%
$269,586
Cap Rate 9%
$209,678
Alternative Uses
Best Use
Flex RnD
$364.0K
$318.5K – $424.7K
NOI $25,480 @ 7.0% cap · market cap 792.78%
Second Best
Warehouse
$287.1K
$251.2K – $335.0K
NOI $20,097 @ 7.0% cap · market cap 625.30%
Theoretical Best
Office A
$891.4K
$780.0K – $1.04M
NOI $62,401 @ 7.0% cap · market cap 1,941.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- O'Callahan's Restaurant & Catering — 50 Comstock St, Richland, WA 99352
- Opportunity Kitchen — 825 Jadwin Ave, Richland, WA 99352
Frequently Asked Questions
What type of property is this?
Flex space - Two levels accommodate private offices, reception, a kitchenette, restrooms, and warehouse space.
Where is this flex space located?
The property is located at 454 Stevens # 454 Richland, WA.
What are key features of this property?
This property features: 1,540 square feet of built‑out office space; 1,674‑square‑foot warehouse bay; Four private offices, plus reception and waiting space
