Medical Office Space with Daylight
1123 N Grant Pl Kennewick, WA 99336
1123 N Grant Pl, Kennewick, WA, 99336
$1,700,000
For Sale
$1,700,000
Former microdental lab space includes main-level operations plus negotiable fixtures, along with daylight basement storage.
Property Size4,700 SF
Price / SF$361.70
Days on Market116
Property Features for 1123 N Grant Pl
General Information
- Standard status
- Active
- Size
- 4,700 SF
Listing agency
SVN Retter & Company
(509) 430-8986
Listed by
Scott Sautell · License #109003
(509) 430-8986
Source
Exprealty
Added: Mar 28 Updated: Jul 21 at 8:49AM Checked: Jul 21 at 8:49AM
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.
Former microdental lab space is available for lease or sale. The main level previously accommodated Microdental’s operation, and the offering also includes additional daylight basement storage space. Some fixtures and equipment are currently in place and could be negotiated with the prior occupant to remain in the space.
The building was designed as a three-tenant property and includes two ground-level daylight basement-style spaces in a semi-vanilla shell. As currently configured, the area is wide open and could be used as one contiguous space. The property is in excellent condition and is fully landscaped.
Pricing is available as $16/sf for lease plus $5.30 for NNN, or $1,700,000 for sale.
The building was designed as a three-tenant property and includes two ground-level daylight basement-style spaces in a semi-vanilla shell. As currently configured, the area is wide open and could be used as one contiguous space. The property is in excellent condition and is fully landscaped.
Pricing is available as $16/sf for lease plus $5.30 for NNN, or $1,700,000 for sale.
Key Highlights
- Former microdental lab space for lease or sale in an excellent‑condition, fully landscaped building.
- 3,700 SF former main‑level microdental space plus 1,000 SF daylight basement storage included.
- Fixtures and equipment currently in the space may be negotiated with Microdental to remain in place.
Local 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 | $103.2k | $21.96 |
| − Vacancy | −$7.0k | −$1.49 |
| EGI | $96.2k | $20.47 |
| − OpEx | −$24.0k | −$5.12 |
| NOI | $72.1k | $15.35 |
4,700 SF · lease $21.96/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$901.8K – $1.20M
NOI $72,145 @ 7.0% cap · market cap 4.24%
Second Best
Healthcare Medical
$996.5K
$872.0K – $1.16M
NOI $69,758 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,252 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Dr. Kathy Batdorf — 5603 W Canal Dr, Kennewick, WA 99336
- Vista Veterinary Hospital — 5603 W Canal Dr, Kennewick, WA 99336
- Vista Veterinary Hospital: Hamack Marni DVM — 5603 W Canal Dr, Kennewick, WA 99336
- Dr. Matt Stidham — 5603 W Canal Dr, Kennewick, WA 99336
FAQs
What type of property is this?
Medical Office Space - Former microdental lab space includes main-level operations plus negotiable fixtures, along with daylight basement storage.
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 for lease or sale in an excellent‑condition, fully landscaped building.; 3,700 SF former main‑level microdental space plus 1,000 SF daylight basement storage included.; Fixtures and equipment currently in the space may be negotiated with Microdental to remain in place.
