Mini-Storage Facility with Keypad
For Sale
$415,000
Pending
912 Grand Ronde Ave, Kennewick, WA 99336
Mini-storage facility with 10x20, 10x10, and 10x5 units, fully fenced with keypad gate entry and security cameras.
Property Size4,200 SF
Days on Market396
Property Features for 912 Grand Ronde Ave
General Information
Standard status
Pending
Size
4,200 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,190
Amenities
3
17424.0
In City, Paved Road.
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
Windermere Group One/Tri-Cities
(509) 438-7515
Listed By:
Dan Hansen · License #117293
(509) 438-7515
Source:
Xome
Added: Jul 12, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:48AM
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 Windermere Group One/Tri-Cities
Investment Insights
Based on property information with market context.
This mini-storage facility totals 4,200 square feet and offers a mix of unit sizes, including 10’x20’ configurations along with 10’x10’ and 10’x5’ units. The property is fully fenced and features keypad gate entry, with security cameras on site.
Access is described as convenient, located just off Highway 395, and it is positioned for easy reach from surrounding residential neighborhoods and established businesses, including multiple auto dealerships.
Designed for straightforward operations, the layout is based on the available unit mix, with gated entry and monitored security components intended to support low-maintenance facility management.
Access is described as convenient, located just off Highway 395, and it is positioned for easy reach from surrounding residential neighborhoods and established businesses, including multiple auto dealerships.
Designed for straightforward operations, the layout is based on the available unit mix, with gated entry and monitored security components intended to support low-maintenance facility management.
Key Highlights
- 4,200 SF mini‑storage facility with 10' x 20', 10' x 10', and 10' x 5' unit sizes
- Fully fenced property with keypad gate entry and security cameras
- In‑city mini‑storage located on a paved road
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
$35,245
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
8.49%
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%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 4,200 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
$54.4K $12.96/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$50.3K $11.99/SF
− OpEx
−$15.1K −$3.60/SF
NOI
$35.2K $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%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Self Storage
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 8.49%
Second Best
Warehouse
$375.2K
$328.3K – $437.7K
NOI $26,263 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,545 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
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 - Mini-storage facility with 10x20, 10x10, and 10x5 units, fully fenced with keypad gate entry and security cameras.
Where is this self storage facility located?
The property is located at 912 Grand Ronde Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4,200 SF mini‑storage facility with 10' x 20', 10' x 10', and 10' x 5' unit sizes; Fully fenced property with keypad gate entry and security cameras; In‑city mini‑storage located on a paved road
