90-Unit Self Storage
5885 W Van Giesen St West Richland, WA 99353
5885 W Van Giesen St, West Richland, WA, 99353
$974,990
For Sale
$974,990
Ninety self-storage units with individual power access and wide drive aisles for straightforward customer access.
Property Size10,512 SF
Price / SF$92.75
Days on Market56
Property Features for 5885 W Van Giesen St
General Information
- Standard status
- Active
- Size
- 10,512 SF
Listing agency
HomeSmart Elite Brokers
(509) 947-8076
Listed by
David Shinabarger · License #26866
(509) 947-8076
Source
Exprealty
Added: May 28 Updated: Jul 21 at 9:17AM Checked: Jul 21 at 9:17AM
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 HomeSmart Elite Brokers
Investment Insights
Based on property information with market context.
This self-storage facility offers 90 units designed for residential and commercial storage needs, with each unit equipped with individual power access. The property is currently operating at approximately 85% physical occupancy.
Situated on W Van Giesen St in West Richland, the facility provides easy customer access with wide drive aisles and strong street visibility. Additional operational enhancements are described as including security and technology updates such as an online payment system and a website.
The property also includes an easement area for an adjoining property's well head. Financial information, rent roll, and showing instructions are available by contacting the listing broker.
Situated on W Van Giesen St in West Richland, the facility provides easy customer access with wide drive aisles and strong street visibility. Additional operational enhancements are described as including security and technology updates such as an online payment system and a website.
The property also includes an easement area for an adjoining property's well head. Financial information, rent roll, and showing instructions are available by contacting the listing broker.
Key Highlights
- 90‑unit self‑storage facility on Van Giesen Street
- Approximately 85% physical occupancy
- Every unit has individual power access
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.2k | $12.96 |
| − Vacancy | −$10.2k | −$0.97 |
| EGI | $126.0k | $11.99 |
| − OpEx | −$37.8k | −$3.60 |
| NOI | $88.2k | $8.39 |
10,512 SF · lease $12.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.26M
$1.10M – $1.47M
NOI $88,212 @ 7.0% cap · market cap 9.05%
Second Best
Warehouse
$939.0K
$821.7K – $1.10M
NOI $65,733 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,095 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Ninety self-storage units with individual power access and wide drive aisles for straightforward customer access.
Where is this self storage facility located?
The property is located at 5885 W Van Giesen St West Richland, WA.
What is the asking price?
The asking price for this property is $974,990.
What are key features of this property?
This property features: 90‑unit self‑storage facility on Van Giesen Street; Approximately 85% physical occupancy; Every unit has individual power access
