Coworking Space with Podcast
For Sale
Contact for pricing
507 Knight Street Unit 14, Richland, WA 99352
Members have access to meeting rooms, office equipment, a content studio, and fitness amenities.
Property Size9,190 SF
Price / SF$0.15
Days on Market49
Property Features for 507 Knight Street Unit 14
General Information
Standard status
Active
Size
9,190 SF
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$13,590
Amenities
access to printers, copiers, and essential office tools
welcoming lobby
bottled water
in-house espresso machine
conference and training rooms
podcast and content studio
private gym and shower access
flexible spaces available to rent for classes or events
Building Details
Building Size
9,190 SF
Year Built
1944
Tenancy
Multi
Listing Agency:
PNW Collective / Real Broker
Listed By:
Ericka Lalka
(509) 539-5535
Source:
Desertedgerealtygroup
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 1:55PM
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 PNW Collective / Real Broker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,190-square-foot coworking property at 507 Knight Street offers private offices alongside shared business amenities. The 1944-built property includes a client reception lobby, printers and copiers, and monthly access to conference and training rooms. A podcast and content studio supports audio and video production, while a private gym and shower provide additional on-site amenities. Espresso and bottled water are also available.
The property is in Richland, where year-round events include Live at 5 and the Farmers Market. Existing tenants represent real estate, health care, and construction businesses. Flexible space is available for classes and events.
The property is in Richland, where year-round events include Live at 5 and the Farmers Market. Existing tenants represent real estate, health care, and construction businesses. Flexible space is available for classes and events.
Key Highlights
- 9,190‑square‑foot coworking property
- Built in 1944
- Monthly use of conference and training rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,067
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,340
$2.8M
Cap Rate 7%
$2,015,243
$2.0M
Cap Rate 9%
$1,567,411
$1.6M
Market Conditions
NOI Build-Up for 9,190 SF
Gross rent
$201.8K $21.96/SF
− Vacancy
−$13.7K −$1.49/SF
EGI
$188.1K $20.47/SF
− OpEx
−$47.0K −$5.12/SF
NOI
$141.1K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,340
Cap Rate 7%
$2,015,243
Cap Rate 9%
$1,567,411
Alternative Uses
Best Use
Office B
$2.02M
$1.76M – $2.35M
NOI $141,067 @ 7.0% cap · market cap 10,449.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,428 @ 7.0% cap · market cap 13,216.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Coworking space - Members have access to meeting rooms, office equipment, a content studio, and fitness amenities.
Where is this coworking space located?
The property is located at 507 Knight Street Unit 14 Richland, WA.
What are key features of this property?
This property features: 9,190‑square‑foot coworking property; Built in 1944; Monthly use of conference and training rooms
