Ground-Level Self-Storage
For Sale
$69,000
A20-903 Curie St, Richland, WA 99354
Secure storage condominium with drive-in access, power availability, shared water, and RV sewage disposal.
Property Size640 SF
Price / SF$107.81
Days on Market560
Property Features for A20-903 Curie St
General Information
Standard status
Active
Size
640 SF
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
640 SF
Drive-In Doors
1
Power
20 amps
Self-Storage Units
1
Taxes and HOA fees
Annual Taxes
$639
Amenities
shared water
RV sewage depository
electric gate access
Listing Agency:
Associated Appraisers of WW
Listed By:
Michael E. Fredrickson · License #21009558
(509) 522-2272
Source:
Exprealty
Added: Feb 20, 2025
Changed: Sep 2
Last Checked: Sep 1 at 11:56PM
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 provides 640 square feet of ground-level storage with a 14-foot electric roll-up door for direct access. The unit includes available 20 AMP power and access to shared water, supporting personal, business, or commercial storage needs.
The property is located within a fully fenced facility with electric gate entry. An RV sewage depository is available on site, and utilities are covered through yearly CAM fees.
The property is located within a fully fenced facility with electric gate entry. An RV sewage depository is available on site, and utilities are covered through yearly CAM fees.
Key Highlights
- 640 SF unit measuring 16' x 40'
- Ground‑level access with electric 14‑foot roll‑up door
- Available 20 AMP power and shared on‑site water
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
$5,371
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
7.78%
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%
$107,420
$107.4K
Cap Rate 7%
$76,729
$76.7K
Cap Rate 9%
$59,678
$59.7K
Market Conditions
NOI Build-Up for 640 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
$8.3K $12.96/SF
− Vacancy
−$622 −$0.97/SF
EGI
$7.7K $11.99/SF
− OpEx
−$2.3K −$3.60/SF
NOI
$5.4K $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%
$107,420
Cap Rate 7%
$76,729
Cap Rate 9%
$59,678
Alternative Uses
Best Use
Self Storage
$76.7K
$67.1K – $89.5K
NOI $5,371 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$57.2K
$50.0K – $66.7K
NOI $4,002 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$177.5K
$155.3K – $207.1K
NOI $12,426 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Secure storage condominium with drive-in access, power availability, shared water, and RV sewage disposal.
Where is this self storage facility located?
The property is located at A20-903 Curie St Richland, WA.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: 640 SF unit measuring 16' x 40'; Ground‑level access with electric 14‑foot roll‑up door; Available 20 AMP power and shared on‑site water
