Ground-Level Self Storage
For Sale
$68,900
903 W Curie Street, Richland, WA
COMMERCIAL - Richland, WA
Property Size560 SF
Price / SF$123.04
Days on Market132
Property Features for 903 W Curie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUST /LIGHT
Directions
Heading north on Bypass Hwy 240, continue north on Stevens Drive to W. Curie St., turn right (east). Entrance to property is immediately on the right.
Standard status
Active
APN
123083020000006
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
515
Utilities
Utilities
Electricity Available
Amenities
RV sewage depository
electric gate access
Building Details
Year built
2022
Flooring type
Concrete
Listing Agency:
Associated Appraisers of Wall
50952222
Listed By:
Jillice Beko · License #21035463
(509) 522-2272
Added: Apr 3
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 291830
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This self storage condominium at 903 W Curie Street provides a 14-foot-by-40-foot concrete unit with level ground access and a 14-foot electric roll-up door. The space includes electricity, shared on-site water, and access to an RV sewage depository. Utilities are covered through annual CAM fees, and the unit is currently managed on a month-to-month basis.
Built in 2022, the property is located within a fully fenced facility with controlled entry through an electric gate. The site carries INDUST /LIGHT zoning and includes electricity available as a listed utility. Its configuration supports personal storage, business storage, or commercial storage applications.
Built in 2022, the property is located within a fully fenced facility with controlled entry through an electric gate. The site carries INDUST /LIGHT zoning and includes electricity available as a listed utility. Its configuration supports personal storage, business storage, or commercial storage applications.
Key Highlights
- 14‑foot‑by‑40‑foot storage unit with ground‑level access
- 14‑foot electric roll‑up door
- Electricity and shared on‑site water
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$93,980
$94.0K
Cap Rate 7%
$67,129
$67.1K
Cap Rate 9%
$52,211
$52.2K
Market Conditions
NOI Build-Up for 560 SF
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.
Gross rent
$7.3K $12.96/SF
− Vacancy
−$544 −$0.97/SF
EGI
$6.7K $11.99/SF
− OpEx
−$2.0K −$3.60/SF
NOI
$4.7K $8.39/SF
Area
Benton County, WA
Vacancy
7.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$93,980
Cap Rate 7%
$67,129
Cap Rate 9%
$52,211
Alternative Uses
Best Use
Self Storage
$67.1K
$58.7K – $78.3K
NOI $4,699 @ 7.0% cap · market cap 6.82%
Second Best
Warehouse
$50.0K
$43.8K – $58.4K
NOI $3,502 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$155.3K
$135.9K – $181.2K
NOI $10,873 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secure, individually accessible storage with power, water access, and an oversized roll-up door.
Where is this self storage facility located?
The property is located at 903 W Curie Street Richland, WA.
What is the asking price?
The asking price for this property is $68,900.
What are key features of this property?
This property features: 14‑foot‑by‑40‑foot storage unit with ground‑level access; 14‑foot electric roll‑up door; Electricity and shared on‑site water
