Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6494 W Skagit Ave Kennewick, WA 99336

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo

    Retail and restaurant spaces available in prime location.

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Ashley Moala
    Source: Svn

    Listing Agency: Retter & Company Sotheby's International Realty Listing Agent: Ashley Moala

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Shopping Center

    Suites are available for rent, ready for tenants to customize. The location is suitable for a restaurant, wine bar, or retail shop. Retail customers can utilize a walk-up window and an outdoor patio, with a shared indoor space and restrooms available for colder months. Ample parking is available on-site, with additional parking across the street. The property is located in the Colonnade Shopping Center, a main retail hub with high traffic volume on Kellogg Street and Canal Drive. The property size is 4200 square feet.
    Location Intelligence

    Current Use by Public Records

    1derful Food Park Restaurant 1derful K-BBQ Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.19401
    Latitude
    46.22567

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      WA, Kennewick - W Grandridge Blvd

      Flexible workspace in WA, Kennewick - W Grandridge Blvd
      8350 Grandridge Blvd, Kennewick, WA 99336
      View Details
    • $24 SF/Yr

      Retail Space at Steptoe & Clearwater

      New retail suites available at a high-traffic intersection.
      8920 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • $24 SF/Yr
      4,000 SF

      Retail Space at Steptoe & Clearwater

      New retail building in Kennewick, WA, with flexible floor plans.
      8920 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • $20 SF/Yr

      Luxury Mixed-Use Corner Suite

      1,600 SF end-cap suite in Kennewick's premier destination.
      4112 West 24Th Ave, Kennewick, WA 99337
      View Details
    • $22 SF/Yr
      12,448 SF

      Turn-Key Medical Facility in Kennewick

      Ready-to-use medical space with exam rooms and ample parking.
      911 S Washington St, Kennewick, WA 99336
      View Details
    • $13 SF/Yr

      Kennewick Office/Medical Space Available

      Versatile office/medical space with exam rooms and large breakroom.
      7511 W Arrowhead Ave, Kennewick, WA 99336
      View Details
    • $22 SF/Yr

      Turn-Key Medical Facility in Kennewick

      Turn-key medical facility with 16 exam rooms and X-ray.
      911 S Washington St, Kennewick, WA 99336
      View Details
    • $2,650 /Mo
      8,640 SF

      Move-In Ready Gage Blvd Space

      Prime retail/office space near Columbia Center with flexible layout.
      8318 W Gage Blvd, Kennewick, WA 99336
      View Details
    • $12 SF/Yr

      Kennewick Office Spaces for Rent

      Multiple office suites available in a multi-tenant complex in Kennewick.
      320 N Johnson St, Kennewick, WA 99336
      View Details
    • $5,000 /Mo

      Restaurant/Event Space in Midtown Plaza

      Commercial kitchen, open space, and ample parking in Kennewick.
      2107 W 4Th Ave, Kennewick, WA 99336
      View Details
    • $24 SF/Yr

      New Office Spaces Available

      New office building with customizable spaces, completion Summer 2024.
      7275 Clearwater Ave, Kennewick, WA 99336
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and restaurant spaces available in prime location.
    Where is this retail space located?
    The property is located at 6494 W Skagit Ave Kennewick, WA.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: - Prime location at the Colonnade Shopping Center in a main retail hub.; - High traffic volume on Kellogg St. and Canal Dr.; - Ready for tenants to customize to their needs (restaurant, wine bar, retail).
    (509) 737-9429
    Request Owner's contact information
    6494 W Skagit Ave Kennewick, WA 99336
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6494 W Skagit Ave
    Kennewick, WA 99336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6494 W Skagit Ave Kennewick, WA 99336
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashley Moala
    Real Estate License ID: #138102
    (509) 737-9429 (541) 379-1338
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!