Retail Suite with
119-3902 W Clearwater Ave, Kennewick, WA 99336
For Sale
Contact for pricing
The space includes a kitchen and most recently served as an ice cream shop.
Property Size14,727 SF
Price / SF$0.05
Days on Market9
Property Features for 119-3902 W Clearwater Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
kitchen
Listing Agency:
EverStar Realty
(509) 735-4042
Listed By:
Melanie Hoefer
(509) 521-2041
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:40PM
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 EverStar Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite has a kitchen and was most recently operated as an ice cream shop. It is scheduled to become available on January 1, 2027.
The lease is structured on an NNN basis, with a 5% annual increase. Electricity is separately metered and paid directly to Benton PUD; water, sewer, irrigation, and refuse costs are prorated and paid to the landlord.
The lease is structured on an NNN basis, with a 5% annual increase. Electricity is separately metered and paid directly to Benton PUD; water, sewer, irrigation, and refuse costs are prorated and paid to the landlord.
Key Highlights
- Kitchen‑equipped retail suite
- Most recent use was an ice cream shop
- Available January 1, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,313
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,466,260
$3.5M
Cap Rate 7%
$2,475,900
$2.5M
Cap Rate 9%
$1,925,700
$1.9M
Market Conditions
NOI Build-Up for 14,727 SF
Gross rent
$265.1K $18.00/SF
− Vacancy
−$17.5K −$1.19/SF
EGI
$247.6K $16.81/SF
− OpEx
−$74.3K −$5.04/SF
NOI
$173.3K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,466,260
Cap Rate 7%
$2,475,900
Cap Rate 9%
$1,925,700
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.89M
NOI $173,313 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.77M
NOI $285,931 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
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
Market
Properties on Market for Retail space in Kennewick
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The space includes a kitchen and most recently served as an ice cream shop.
Where is this retail space located?
The property is located at 119-3902 W Clearwater Ave Kennewick, WA.
What are key features of this property?
This property features: Kitchen‑equipped retail suite; Most recent use was an ice cream shop; Available January 1, 2027
