Ground-Level Storage
For Sale
$57,250
903 W Curie Street, Richland, WA 99354
Commercial Sale, Richland, WA
Property Size504 SF
Price / SF$113.59
Days on Market525
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
123083020000030
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
461
Utilities
Utilities
Electricity Available
Amenities
on-site shared water
RV sewage depository
electric gate access
Building Details
Year built
2022
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Associated Appraisers of Wall
50952222
Listed By:
Jillice Beko · License #21035463
(509) 522-2272
Added: Apr 28, 2025
Changed: Sep 16
Last Checked: Oct 4 at 8:06PM
MLS# 283714
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 was built in 2022 with metal siding, a metal roof, and concrete flooring. The ground-level unit includes a 14' electric access door, electricity, on-site shared water, and access to an RV sewage depository. The property is suited to personal storage and business or commercial storage uses supported by the existing improvements.
The facility is fully fenced and includes an electric gate for controlled access. Zoning is INDUST /LIGHT. Owner CAM fees cover expenses other than insurance, taxes, and applicable management fees.
The facility is fully fenced and includes an electric gate for controlled access. Zoning is INDUST /LIGHT. Owner CAM fees cover expenses other than insurance, taxes, and applicable management fees.
Key Highlights
- Ground‑level storage condominium with a 14' electric access door
- Built in 2022 with metal siding, metal roof, and concrete flooring
- Electricity and on‑site shared water available
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
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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
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Ground-level storage condominium with an electric access door, on-site utilities, and controlled entry within a fenced facility.
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 $57,250.
What are key features of this property?
This property features: Ground‑level storage condominium with a 14' electric access door; Built in 2022 with metal siding, metal roof, and concrete flooring; Electricity and on‑site shared water available
