Medical or Office Flex
For Sale
Contact for pricing
1123 N Grant Pl, Kennewick, WA 99336
Former microdental lab space with main-level space plus daylight basement storage, offered for sale or lease.
Property Size7,400 SF
Price / SF$229.73
Days on Market133
Property Features for 1123 N Grant Pl
General Information
Standard status
Active
Size
7,400 SF
Property subtype
OFFICE
Additional Details
Floor
Main Level
Asking Price
$1,700,000
Office Units
1
Amenities
fully landscaped
Listing Agency:
SVN Retter & Company
(509) 430-8986
Listed By:
Scott Sautell · License #109003
(509) 430-8986
Source:
Moodyscre
Added: Mar 27
Changed: Jul 29
Last Checked: Aug 5 at 8:13AM
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 SVN Retter & Company
Investment Insights
Based on property information with market context.
This property includes former microdental lab space configured across a main level and an additional daylight basement storage area. The main level included 3,700 sf and the daylight basement storage included 1,000 sf. The space currently has some fixtures and equipment, which may be negotiable with Microdental to remain in place.
The building was designed as a three-tenant property and includes two ground-level daylight basement-style spaces delivered in a semi-vanilla shell. Those two basement areas can be used as one wider, open space as currently configured.
The property is reported to be in excellent condition and fully landscaped, with availability for sale or lease.
The building was designed as a three-tenant property and includes two ground-level daylight basement-style spaces delivered in a semi-vanilla shell. Those two basement areas can be used as one wider, open space as currently configured.
The property is reported to be in excellent condition and fully landscaped, with availability for sale or lease.
Key Highlights
- Former microdental lab space with 3,700 SF main level plus 1,000 SF daylight basement storage
- Negotiable fixtures and equipment currently in the space that could potentially stay with Microdental
- Building designed as a three‑tenant property with two ground‑level daylight basement style spaces in semi‑vanilla shell
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $21.96 |
| − Vacancy | −$11.1k | −$1.49 |
| EGI | $151.5k | $20.47 |
| − OpEx | −$37.9k | −$5.12 |
| NOI | $113.6k | $15.35 |
7,400 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,590 @ 7.0% cap · market cap 6.68%
Second Best
Healthcare Medical
$1.57M
$1.37M – $1.83M
NOI $109,831 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,674 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former microdental lab space with main-level space plus daylight basement storage, offered for sale or lease.
Where is this medical office space located?
The property is located at 1123 N Grant Pl Kennewick, WA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Former microdental lab space with 3,700 SF main level plus 1,000 SF daylight basement storage; Negotiable fixtures and equipment currently in the space that could potentially stay with Microdental; Building designed as a three‑tenant property with two ground‑level daylight basement style spaces in semi‑vanilla shell
