Kennewick Office Building Investment
911 S Washington St, Kennewick, WA 99336
12,448 SF Vacant Office Building in Kennewick, WA 99336
Property size:
12,448 SFLot size:
0.29 AcresPrice / SF:
$273/SF- Added:
- Jan 20, 2025
- Days on Market:
- 488
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 911 S Washington St
General Information
- Standard status
- Active
- Property type
- Other office properties, Office buildings, Office Units, Office Spaces
- Size
- 12,448 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 0.29 Acres
Building Details
- Year Built
- 1994
- Buildings
- 1
- Stories
- 1
Listing agent Todd License #7AA1183 (509) 539-3998
Listing office NAI Tri-Cities Commercial (509) 539-3998
Listing date Jan 20, 2025
HighLights
- Seamless move‑in and ready‑to‑use
- Medical owner/user
- Flexible layout.
- Co‑ed restrooms
- 16 exam rooms and X‑Ray room.
- Downtown location with ample parking.
Overview
This 12,448 square foot office building, constructed in 1994, is located in Kennewick, Washington. The property features two units suitable for office or medical use and is zoned for commercial use. The building offers a flexible layout, including 16 exam rooms and an X-ray room, along with co-ed restrooms. Situated on a 0.29-acre lot, the property offers potential for off-site parking. This vacant building presents a move-in opportunity for an owner-user or investor seeking a commercial space. The property's previous use was as a senior medical services facility. The building is located near the intersection of South Washington Street and 10th Avenue, offering access to local amenities and transportation routes. The property's design and location make it an investment opportunity in a thriving downtown Kennewick location.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.12M
NOI $191,077 @ 9.00% cap · cautious / downside scenario
Moderate
$2.73M
NOI $191,077 @ 7.00% cap · market / base-case scenario
Aggressive
$3.82M
NOI $191,077 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.4k | $21.96 |
| − Vacancy | −$18.6k | −$1.49 |
| EGI | $254.8k | $20.47 |
| − OpEx | −$63.7k | −$5.12 |
| NOI | $191.1k | $15.35 |
12,448 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.73M
$2.39M – $3.18M
NOI $191,077 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,683 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Kadlec Senior Clinic ...
Medical Clinic
Dr. Arthur E. ...
Physician
Dr. Thomas R. ...
Physician
Jolene Culver, CRNFA
Physician
Benton Franklin Orthopedics: ...
Physician
Location Insight
- Map
- Local Demand
- City
- Kennewick
- County
- Benton
- State
- Washington
- Longitude
- -119.116599
- Latitude
- 46.198624
Nearby Similar for Sale
FAQs
What type of property is this?
Office property - 12,448 SF Vacant Office Building in Kennewick, WA 99336
Where is this office property located?
The property is located at 911 S Washington St Kennewick, WA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Seamless move‑in and ready‑to‑use; Medical owner/user; Flexible layout.
