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Property profile & analytics
OFF-MARKET
Warehouses

2517 Logan St Richland, WA 99354

11,769 SF 2 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 11,769 SF
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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