Climate-Controlled Storage
For Sale
$117,900
B-62-903 W Curie, Richland, WA 99352
Luxe configuration provides powered access, interior lighting, insulation, and utility rough-ins for future connections.
Property Size825 SF
Price / SF$142.91
Days on Market678
Property Features for B-62-903 W Curie
General Information
Standard status
Active
Size
825 SF
Warehouse & Industrial
Power
20 amps
Self-Storage Units
1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$980
Amenities
Common water and hose bibs
Garbage dumpster
RV sewer dump site
Security cameras
Gated access
Fully landscaped
Quality controlled CCR's
Full public rest room with sink and shower
24/7 access
Ambient Temperature mini split controlled heating and cooling
Listing Agency:
Windermere Group One/Tri-Cities
(509) 727-4786
Listed By:
Darla Cravens · License #109798
(509) 727-4786
Source:
Exprealty
Added: Oct 23, 2024
Changed: Aug 30
Last Checked: Aug 30 at 4:34PM
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 825-square-foot Luxe storage unit is designed for vehicle, recreational equipment, and personal storage. The unit includes a 14-foot powered door with opener and keypad, interior LED lighting, 20 AMP power, insulation, and a controlled heating and cooling system through a mini split. Sewer and water are roughed in for future tie-in, with additional rough-in for a 100 AMP panel.
The property provides gated entry with electric key-code access, security cameras, and 24/7 access. Shared amenities include common water and hose bibs, a garbage dumpster, an RV sewer dump site, and a public restroom with a sink and shower. The unit is located at B-62-903 W Curie, Richland, WA 99352.
The property provides gated entry with electric key-code access, security cameras, and 24/7 access. Shared amenities include common water and hose bibs, a garbage dumpster, an RV sewer dump site, and a public restroom with a sink and shower. The unit is located at B-62-903 W Curie, Richland, WA 99352.
Key Highlights
- 825‑square‑foot Luxe storage unit with controlled heating and cooling
- 14‑foot powered door with opener and keypad
- Interior LED lighting and 20 AMP power
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
$6,923
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
5.87%
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%
$138,460
$138.5K
Cap Rate 7%
$98,900
$98.9K
Cap Rate 9%
$76,922
$76.9K
Market Conditions
NOI Build-Up for 825 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
$10.7K $12.96/SF
− Vacancy
−$802 −$0.97/SF
EGI
$9.9K $11.99/SF
− OpEx
−$3.0K −$3.60/SF
NOI
$6.9K $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%
$138,460
Cap Rate 7%
$98,900
Cap Rate 9%
$76,922
Alternative Uses
Best Use
Self Storage
$98.9K
$86.5K – $115.4K
NOI $6,923 @ 7.0% cap · market cap 5.87%
Second Best
Warehouse
$73.7K
$64.5K – $86.0K
NOI $5,159 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$228.8K
$200.2K – $267.0K
NOI $16,018 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 99352, WA
35,762
Population
15,522
Households
2.3
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
24.0 sq mi
ZIP Area
1,490
Density / Sq Mi
$96,875
Median Household Income
$65,348
Median Earnings
$1,457
Median Rent
$442,100
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 - Luxe configuration provides powered access, interior lighting, insulation, and utility rough-ins for future connections.
Where is this self storage facility located?
The property is located at B-62-903 W Curie Richland, WA.
What is the asking price?
The asking price for this property is $117,900.
What are key features of this property?
This property features: 825‑square‑foot Luxe storage unit with controlled heating and cooling; 14‑foot powered door with opener and keypad; Interior LED lighting and 20 AMP power
