Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land on Highway 395 Title is generated by Realmo AI

    115 S Ely St, Kennewick, WA 99336

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Commercial land for sale on busy Kennewick street.

    Type:Lots/Land
    Lot size:
    0.64 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 6 at 1:43 am

    Property Features for 115 S Ely St

    General Information

    Standard status
    Active
    Lot size
    0.64 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Cody Fielding
    Cody Fielding

    Listing agent Cody Fielding License #26055

    Listing office Lybbert Fielding Real Estate

    Listing date Mar 23, 2026

    Source Exitrealty

    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 Lybbert Fielding Real Estate

    HighLights

    • High‑traffic location on Highway 395 (Ely Street) with 29,000 vehicles per day
    • Zoned CC (Community Commercial) allowing for many types of uses
    • Excellent opportunity to buy land in Kennewick
    • Short walk to two regional shopping centers
    • Close proximity to many restaurants
    • Survey and geo‑tech report included

    Overview

    This commercial land is located on Highway 395, also known as Ely Street, in Kennewick, Washington. The location benefits from high traffic volume, with approximately 29,000 vehicles passing daily. The property is zoned CC (Community Commercial), accommodating various potential uses. Its location is within walking distance of two regional shopping centers and numerous restaurants. A survey and geo-tech report are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.15812
    Latitude
    46.208214

    Nearby Similar for Sale

    • $699,999
      3,680 SF

      Kennewick Fiveplex Investment Opportunity

      Centrally located Kennewick fiveplex with potential for additional unit.
      4110 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $550,000
      3,064 SF

      Remodeled Tri-Plex on Spacious Lot

      Income-generating triplex with remodeled units on a large lot.
      224204 E Main Street, Kennewick, WA 99337
      View Details
    • $419,900
      2,564 SF

      Kennewick Duplex with Spacious Units

      Spacious Kennewick duplex with 3 bedrooms, 1.75 baths per unit.
      903 N Neel St, Kennewick, WA 99336
      View Details
    • $549,900
      2,925 SF

      New Construction Duplex in Kennewick

      Modern duplex with open living spaces and investment potential.
      1019 E 6th Ave, Kennewick, WA 99336
      View Details
    • $300,000

      Kennewick Residential Land Opportunity

      2.5-acre residential lot near Kennewick with Horse Heaven Hillside views.
      Tbd S. 918 PRSE, Kennewick, WA 99338
      View Details
    • $314,000

      Kennewick Residential Lot with Views

      0.26-acre lot in Canyon Lakes with city, mountain, river views.
      3716 W 49th Ave, Kennewick, WA 99337
      View Details
    • $375,000

      Kennewick Residential Land Opportunity

      6+ acre residential lot in Badger Canyon, Kennewick.
      72305 Homestead RD, Kennewick, WA 99338
      View Details
    • $400,000

      Kennewick Acreage for Custom Home

      5.14-acre parcel in Kennewick's sought-after Country Acres.
      75029 E Homestead Road, Kennewick, WA 99338
      View Details
    • $375,000

      Kennewick Residential Land with Views

      6+ acre residential land with panoramic views near amenities.
      72810 Homestead Rd, Kennewick, WA 99338
      View Details
    • $359,000

      Kennewick Residential Land with View

      11+ acre residential land with views in Kennewick, WA.
      108003 E 245 Pr SE, Kennewick, WA 99338
      View Details
    • $415,000
      1,314 SF

      Kennewick Duplex: Turnkey Investment

      Updated duplex in Kennewick with rental income potential.
      1108 W Entiat Ave, Kennewick, WA 99336
      View Details
    • $673,632

      Multifamily Lot in Kennewick, WA

      1.93-acre multifamily lot in a developing townhome community.
      Nka W Clearwater Dr., Kennewick, WA 99336
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale on busy Kennewick street.
    Where is this commercial land located?
    The property is located at 115 S Ely St Kennewick, WA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑traffic location on Highway 395 (Ely Street) with 29,000 vehicles per day; Zoned CC (Community Commercial) allowing for many types of uses; Excellent opportunity to buy land in Kennewick
    (509) 416-6319
    We can help!
    Listing Contact
    Cody Fielding
    Cody Fielding
    Real Estate License ID: 26055
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    115 S Ely St, Kennewick, WA 99336
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!