Climate-Controlled Storage
For Sale
$147,500
903 W Curie St, Richland, WA 99354
Commercial Sale, Richland, WA
Property Size960 SF
Price / SF$153.65
Days on Market110
Property Features for 903 W Curie St
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Exterior features
Landscaping, Security Light
Subdivision
Richland North
Directions
GPS
Standard status
Active
APN
123083020000077
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1106
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating)
Amenities
restroom
security cameras
coded entrance gates
dumpster
dump station
Building Details
Year built
2022
Listing Agency:
ERA Skyview Realty
(509) 726-2390
Listed By:
Arielle Hays · License #21019356
(509) 222-4107
Added: Jun 10
Changed: Sep 26
Last Checked: Sep 27 at 3:06PM
MLS# 293733
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 climate-controlled self-storage unit measures 60 feet by 16 feet and provides more than 900 square feet. Features include a separate man door, timed LED lighting, and an automatic garage door opener. Water plumbing is already in place, and the unit can accommodate an additional 100 AMP service panel. The facility was built in 2022.
The unit is part of a gated campus with coded entry and security cameras. Shared site amenities include a restroom, dumpster, and dump station.
The unit is part of a gated campus with coded entry and security cameras. Shared site amenities include a restroom, dumpster, and dump station.
Key Highlights
- 60' x 16' unit with more than 900 sq ft
- Climate‑controlled space with timed LED lights
- Man door and automatic garage door opener
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
$8,056
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
5.46%
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%
$161,120
$161.1K
Cap Rate 7%
$115,086
$115.1K
Cap Rate 9%
$89,511
$89.5K
Market Conditions
NOI Build-Up for 960 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
$12.4K $12.96/SF
− Vacancy
−$933 −$0.97/SF
EGI
$11.5K $11.99/SF
− OpEx
−$3.5K −$3.60/SF
NOI
$8.1K $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%
$161,120
Cap Rate 7%
$115,086
Cap Rate 9%
$89,511
Alternative Uses
Best Use
Self Storage
$115.1K
$100.7K – $134.3K
NOI $8,056 @ 7.0% cap · market cap 5.46%
Second Best
Warehouse
$85.8K
$75.0K – $100.1K
NOI $6,003 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$266.3K
$233.0K – $310.7K
NOI $18,639 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - A separate entry door, automatic overhead opener, and water plumbing rough-in add practical features for stored property.
Where is this self storage facility located?
The property is located at 903 W Curie St Richland, WA.
What is the asking price?
The asking price for this property is $147,500.
What are key features of this property?
This property features: 60' x 16' unit with more than 900 sq ft; Climate‑controlled space with timed LED lights; Man door and automatic garage door opener
