Kennewick Mixed-Use Investment
200 & 210 N Volland St Kennewick, WA 99336
200 & 210 N Volland St, Kennewick, WA, 99336
$790,000
For Sale
$790,000
Two-building, mixed-use property near Crossroads Mall, Kennewick.
Property Size6,360 SF
Price / SF$124.21
Days on Market563
Property Features for 200 & 210 N Volland St
General Information
- Standard status
- Active
- Size
- 6,360 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing agency
SVN Retter & Company
(509) 308-1401
Listed by
Aaron Rowe · License #100550
(509) 308-1401
Source
Exitrealty
Added: Jan 4, 2025 Updated: Jul 10 at 12:11PM Checked: Jul 21 at 4:17AM
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 offering comprises two buildings in central Kennewick, situated behind Crossroads Mall near the intersection of Union Street and Clearwater Avenue. The properties, suitable for mixed-use purposes, currently have an occupancy rate of approximately 90%. The buildings feature a combination of office and retail spaces, with around 1100 square feet available for lease. Parking is provided at both the front and rear of the buildings. The total property size is 6360 square feet. This presents a potential opportunity for an owner-user.
Key Highlights
- Two‑building sale in a prime Central Kennewick location near Crossroads Mall.
- Approximately 90% leased, providing immediate income.
- Opportunity for owner‑user with available space to occupy.
Local Financial Insights For Mixed Use
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 | $89.3k | $14.04 |
| − Vacancy | −$7.1k | −$1.12 |
| EGI | $82.2k | $12.92 |
| − OpEx | −$30.8k | −$4.84 |
| NOI | $51.3k | $8.07 |
6,360 SF · lease $14.04/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.63M
NOI $97,626 @ 7.0% cap · market cap 12.36%
Second Best
Retail
$1.07M
$935.6K – $1.25M
NOI $74,847 @ 7.0% cap · market cap 9.47%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,482 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Massage Spa
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-building, mixed-use property near Crossroads Mall, Kennewick.
Where is this mixed-use property located?
The property is located at 200 & 210 N Volland St Kennewick, WA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two‑building sale in a prime Central Kennewick location near Crossroads Mall.; Approximately 90% leased, providing immediate income.; Opportunity for owner‑user with available space to occupy.
