Mixed-Use Building with
For Sale
$2,700,000
1313 N Young St, Kennewick, WA 99336
Commercial Sale, Kennewick, WA
Property Size14,230 SF
Lot Size1.18 Acres
Price / SF$189.74
Days on Market412
Property Features for 1313 N Young St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMCL GENERAL
Parking
41
Window features
Double Pane Windows
Interior features
Private Bathrooms
Exterior features
Parking/25+ Spaces
Subdivision
Kennewick West
Lot features
Approved Plat Map, Loc in City Limits, Plat Recorded
Directions
Between W. Canal Drive & W. Rio Grande Ave; Located next to (east of) Craft Warehouse.
Standard status
Active
APN
132992011494003
Size
14,230 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12035
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1995
Flooring type
Laminate, Concrete, Carpet
Building materials
Masonry, Stucco
Listing Agency:
WSIC Commercial
50973522
Listed By:
Greg Markel · License #12600
(509) 735-2255
Added: Aug 11, 2025
Changed: Sep 16
Last Checked: Sep 26 at 11:06PM
MLS# 286550
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial building contains 14,230 square feet on a 1.18-acre site and supports both retail and office functions. The property is 90% rented and includes private bathrooms, parking for 25+ spaces, masonry and stucco construction, and a combination of carpet, laminate, and concrete flooring. Built in 1995, the building has natural gas and electric heating, electric cooling, cable availability, and public water service. Commercial General zoning is identified for the property.
The site is near W. Canal Drive and Columbia Center Drive in Kennewick, across from the Benton County Courthouse. Interstate I-82 is nearby, with restaurants and retail stores in the surrounding area. Columbia Center Mall is located 1 block away, providing an established commercial setting for the property.
The site is near W. Canal Drive and Columbia Center Drive in Kennewick, across from the Benton County Courthouse. Interstate I-82 is nearby, with restaurants and retail stores in the surrounding area. Columbia Center Mall is located 1 block away, providing an established commercial setting for the property.
Key Highlights
- 14,230‑square‑foot mixed‑use building on 1.18 acres
- 90% rented with retail and office functions
- Parking for 25+ spaces
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
$218,431
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
8.09%
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%
$4,368,620
$4.4M
Cap Rate 7%
$3,120,443
$3.1M
Cap Rate 9%
$2,427,011
$2.4M
Market Conditions
NOI Build-Up for 14,230 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
$312.5K $21.96/SF
− Vacancy
−$21.2K −$1.49/SF
EGI
$291.2K $20.47/SF
− OpEx
−$72.8K −$5.12/SF
NOI
$218.4K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$4,368,620
Cap Rate 7%
$3,120,443
Cap Rate 9%
$2,427,011
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,431 @ 7.0% cap · market cap 8.09%
Second Best
Retail
$2.39M
$2.09M – $2.79M
NOI $167,464 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$3.95M
$3.45M – $4.60M
NOI $276,281 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
90%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 99336, WA
51,127
Population
20,915
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
85%
High-School Grad
13.4 sq mi
ZIP Area
3,815
Density / Sq Mi
$63,308
Median Household Income
$38,211
Median Earnings
$1,155
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office property with established occupancy, private bathrooms, and masonry-stucco construction.
Where is this mixed-use property located?
The property is located at 1313 N Young St Kennewick, WA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 14,230‑square‑foot mixed‑use building on 1.18 acres; 90% rented with retail and office functions; Parking for 25+ spaces
