Ground-Level Storage
For Sale
$68,900
A6-903 Curie St, Richland, WA 99354
A flat, ground-level storage unit with electricity and an electric 14-foot overhead door inside a fully fenced facility.
Property Size560 SF
Price / SF$123.04
Days on Market159
Property Features for A6-903 Curie St
General Information
Standard status
Active
Size
560 SF
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$515
Amenities
ground level access
electric overhead door
electricity
on-site shared water
RV sewage depository
fenced facility with electric gate
Listing Agency:
Associated Appraisers of WW
Listed By:
Michael E. Fredrickson · License #21009558
(509) 522-2272
Source:
Exprealty
Added: Apr 3
Changed: Sep 4
Last Checked: Sep 7 at 10:23AM
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.
The LuxeLocker Storage Condominiums include a 14' x 40' flat, ground-level storage unit designed for flexible storage use. The unit features electricity and an electric 14-foot overhead access door. Shared on-site water is provided, and the facility includes an RV sewage depository. The unit is currently occupied by a month-to-month tenant.
The storage is located within a fully fenced facility with electric gate access. For expense coverage, the offering notes that, aside from insurance, taxes, and any applicable management fees, expenses are included in the yearly CAM fees.
This configuration supports straightforward drive-up access for storing items that require an overhead door, with utility services available on-site.
The storage is located within a fully fenced facility with electric gate access. For expense coverage, the offering notes that, aside from insurance, taxes, and any applicable management fees, expenses are included in the yearly CAM fees.
This configuration supports straightforward drive-up access for storing items that require an overhead door, with utility services available on-site.
Key Highlights
- 14' x 40' storage condominium unit with flat, ground‑level access
- Electric 14‑foot overhead access door for easy loading
- Unit includes electricity, on‑site shared water, and RV sewage depository
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
$4,699
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
6.82%
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%
$93,980
$94.0K
Cap Rate 7%
$67,129
$67.1K
Cap Rate 9%
$52,211
$52.2K
Market Conditions
NOI Build-Up for 560 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
$7.3K $12.96/SF
− Vacancy
−$544 −$0.97/SF
EGI
$6.7K $11.99/SF
− OpEx
−$2.0K −$3.60/SF
NOI
$4.7K $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%
$93,980
Cap Rate 7%
$67,129
Cap Rate 9%
$52,211
Alternative Uses
Best Use
Self Storage
$67.1K
$58.7K – $78.3K
NOI $4,699 @ 7.0% cap · market cap 6.82%
Second Best
Warehouse
$50.0K
$43.8K – $58.4K
NOI $3,502 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$155.3K
$135.9K – $181.2K
NOI $10,873 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
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 - A flat, ground-level storage unit with electricity and an electric 14-foot overhead door inside a fully fenced facility.
Where is this self storage facility located?
The property is located at A6-903 Curie St Richland, WA.
What is the asking price?
The asking price for this property is $68,900.
What are key features of this property?
This property features: 14' x 40' storage condominium unit with flat, ground‑level access; Electric 14‑foot overhead access door for easy loading; Unit includes electricity, on‑site shared water, and RV sewage depository
