Climate-Controlled Storage
For Sale
$117,900
903 W Curie, Richland, WA 99354
Commercial Sale, Richland, WA
Property Size825 SF
Lot Size0.08 Acres
Price / SF$142.91
Days on Market657
Property Features for 903 W Curie
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Parking/Covered, Parking/10+ Spaces, RV Parking
Subdivision
Richland North
Lot features
Approved Plat Map, Loc in City Limits, Plat Recorded
Directions
North on By Pass East on Curie
Standard status
Active
APN
***
Size
825 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
971
Utilities
Utilities
Electricity Available
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
common water and hose bibs
garbage dumpster
RV sewer dump site
Security cameras
gated with electric key code and openers
fully landscaped
full public rest room with sink and shower
24/7 access
Ambient Temperature mini split controlled heating and cooling
Building Details
Year built
2022
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Windermere Group One/Tri-Cities · Windermere Real Estate
50994611
Listed By:
Darla Cravens · License #109798
(509) 727-4786
Added: Nov 2, 2024
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 279960
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 Luxe storage unit contains 825 square feet and was built in 2022 with metal siding, a concrete floor, and a metal roof. The unit includes controlled heating and cooling, LED lighting, 20 AMP power, insulation, and rough-ins for a 100 AMP panel plus future sewer and water connections. A powered 14-foot door with opener and keypad supports convenient access.
Shared property features include gated entry with electric key-code access, security cameras, 24/7 access, covered and RV parking, common water and hose bibs, a garbage dumpster, an RV sewer dump site, and a public restroom with sink and shower. Electricity is available, and the property uses a public water source.
Shared property features include gated entry with electric key-code access, security cameras, 24/7 access, covered and RV parking, common water and hose bibs, a garbage dumpster, an RV sewer dump site, and a public restroom with sink and shower. Electricity is available, and the property uses a public water source.
Key Highlights
- 825 square feet on a 0.08‑acre parcel
- Luxe unit with controlled heating and cooling
- Built in 2022 with metal siding, concrete flooring, and a metal roof
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
$6,923
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
5.87%
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%
$138,460
$138.5K
Cap Rate 7%
$98,900
$98.9K
Cap Rate 9%
$76,922
$76.9K
Market Conditions
NOI Build-Up for 825 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
$10.7K $12.96/SF
− Vacancy
−$802 −$0.97/SF
EGI
$9.9K $11.99/SF
− OpEx
−$3.0K −$3.60/SF
NOI
$6.9K $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%
$138,460
Cap Rate 7%
$98,900
Cap Rate 9%
$76,922
Alternative Uses
Best Use
Self Storage
$98.9K
$86.5K – $115.4K
NOI $6,923 @ 7.0% cap · market cap 5.87%
Second Best
Warehouse
$73.7K
$64.5K – $86.0K
NOI $5,159 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$228.8K
$200.2K – $267.0K
NOI $16,018 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
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
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 - Luxe storage unit with controlled heating and cooling, LED lighting, power, and access to shared site amenities.
Where is this self storage facility located?
The property is located at 903 W Curie Richland, WA.
What is the asking price?
The asking price for this property is $117,900.
What are key features of this property?
This property features: 825 square feet on a 0.08‑acre parcel; Luxe unit with controlled heating and cooling; Built in 2022 with metal siding, concrete flooring, and a metal roof
