Ground-Level Self Storage
For Sale
$57,250
903 W Curie Street #A30, Richland, WA 99354
Ground-level access, power, and a roll-up door support personal or commercial storage use.
Property Size504 SF
Price / SF$113.59
Days on Market471
Property Features for 903 W Curie Street #A30
General Information
Standard status
Active
Size
504 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$480
Amenities
on-site shared water
RV sewage depository
electric gate access
Building Details
Year Built
2022
Listing Agency:
Associated Appraisers of WW
(509) 522-2272
Listed By:
Michael E. Fredrickson · License #21009558
(509) 522-2272
Source:
Multifamilyspecialist
Added: Apr 28, 2025
Changed: Aug 7
Last Checked: Aug 10 at 12:08PM
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 Associated Appraisers of WW
Investment Insights
Based on property information with market context.
This self-storage condominium at LuxeLocker Storage Condominiums measures 14 by 36 feet and was built in 2022. The ground-level unit includes an electric 14-foot roll-up access door, electricity, and shared on-site water. An RV sewage depository is also available within the facility.
The property is located at 903 W Curie Street #A30 in Richland, Washington. The secured setting includes full perimeter fencing and an electric access gate, supporting controlled entry for owners and users. The unit can serve personal or business storage needs and may also be used for rental purposes. Owner CAM fees cover the stated property expenses other than insurance, taxes, and the property management fee.
The property is located at 903 W Curie Street #A30 in Richland, Washington. The secured setting includes full perimeter fencing and an electric access gate, supporting controlled entry for owners and users. The unit can serve personal or business storage needs and may also be used for rental purposes. Owner CAM fees cover the stated property expenses other than insurance, taxes, and the property management fee.
Key Highlights
- 14' x 36' self‑storage condominium built in 2022
- Ground‑level access with an electric 14‑foot roll‑up door
- Electricity and on‑site shared water included
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
$4,229
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
7.39%
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%
$84,580
$84.6K
Cap Rate 7%
$60,414
$60.4K
Cap Rate 9%
$46,989
$47.0K
Market Conditions
NOI Build-Up for 504 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
$6.5K $12.96/SF
− Vacancy
−$490 −$0.97/SF
EGI
$6.0K $11.99/SF
− OpEx
−$1.8K −$3.60/SF
NOI
$4.2K $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%
$84,580
Cap Rate 7%
$60,414
Cap Rate 9%
$46,989
Alternative Uses
Best Use
Self Storage
$60.4K
$52.9K – $70.5K
NOI $4,229 @ 7.0% cap · market cap 7.39%
Second Best
Warehouse
$45.0K
$39.4K – $52.5K
NOI $3,152 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$139.8K
$122.3K – $163.1K
NOI $9,785 @ 7.0% cap · market cap 17.09%
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
1
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 - Ground-level access, power, and a roll-up door support personal or commercial storage use.
Where is this self storage facility located?
The property is located at 903 W Curie Street #A30 Richland, WA.
What is the asking price?
The asking price for this property is $57,250.
What are key features of this property?
This property features: 14' x 36' self‑storage condominium built in 2022; Ground‑level access with an electric 14‑foot roll‑up door; Electricity and on‑site shared water included
