Flex Property With Secured
For Sale
$1,550,000
6095 West Van Giesen Street, West Richland, WA 99353
Office, warehouse, and covered storage improvements support administrative and operational functions on one site.
Property Size10,618 SF
Days on Market66
Property Features for 6095 West Van Giesen Street
General Information
Standard status
Active
Size
10,618 SF
Property subtype
Industrial
Building Details
Building Size
10,618 SF
Year Built
2000
Listing Agency:
Retter & Company Sotheby's International Realty
Listed By:
Rob Ellsworth, CCIM · License #WA #17790
(509) 430-2378
Source:
Svn
Added: Aug 8
Changed: Oct 2
Last Checked: Oct 11 at 4:32AM
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 Retter & Company Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located at 6095 W Van Giesen St in West Richland, WA, this flex property combines dedicated office space with multiple warehouse buildings and a secured yard area. The warehouse improvements include overhead doors and plumbing, supporting storage, manufacturing, service, and distribution functions.
The office building includes three private offices, a spacious reception area, and an oversized conference room for administrative work and client meetings. A 26' x 30' covered storage area provides additional space for equipment or materials, complementing the enclosed warehouse facilities and outdoor yard.
The office building includes three private offices, a spacious reception area, and an oversized conference room for administrative work and client meetings. A 26' x 30' covered storage area provides additional space for equipment or materials, complementing the enclosed warehouse facilities and outdoor yard.
Key Highlights
- Multiple warehouse buildings with overhead doors and plumbing
- Secured yard area included with the property
- Office building has 3 private offices, reception area, and oversized conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,179
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,580
$1.7M
Cap Rate 7%
$1,202,557
$1.2M
Cap Rate 9%
$935,322
$935.3K
Market Conditions
NOI Build-Up for 10,618 SF
Gross rent
$140.2K $13.20/SF
− Vacancy
−$10.7K −$1.00/SF
EGI
$129.5K $12.20/SF
− OpEx
−$45.3K −$4.27/SF
NOI
$84.2K $7.93/SF
Area
Benton County, WA
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,580
Cap Rate 7%
$1,202,557
Cap Rate 9%
$935,322
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $162,987 @ 7.0% cap · market cap 10.52%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,179 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,153 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Under-served
Demand for This Use
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and covered storage improvements support administrative and operational functions on one site.
Where is this flex space located?
The property is located at 6095 West Van Giesen Street West Richland, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Multiple warehouse buildings with overhead doors and plumbing; Secured yard area included with the property; Office building has 3 private offices, reception area, and oversized conference room
