2517 Logan St Richland, WA 99354
This exceptional Class A flex facility, built in 2024, offers 11,769 square feet of versatile space across five finished suites in Richland, WA's Horn Rapids Industrial/Business park. Situated on nearly two acres, the property boasts a 1.25-acre fenced laydown yard and two additional shovel-ready lots, providing significant expansion potential. The building features 22-foot eave heights, seven 14-foot tall overhead doors, and is 100% climate-controlled. Modern amenities include fire sprinklers, three-phase power, and high-speed fiber internet. With ample parking (25+ spaces), the design allows for easy combination of suites. The property's strong financials include a 7.60% cap rate and a pro-forma NOI of $260,952, making it an attractive investment opportunity. The asking price is $3,400,000, with a price per square foot of $288.89. This NNN lease property presents a compelling blend of functionality, location, and financial upside. The property is zoned for mixed-use, industrial, and office purposes.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.