Mixed-Use Building Near
For Sale
$2,700,000
1313 N Young St, Kennewick, WA 99336
Office and retail property with 90% occupancy, paved access, and on-site parking for more than 26 vehicles.
Property Size14,720 SF
Price / SF$183.42
Days on Market639
Property Features for 1313 N Young St
General Information
Standard status
Active
Size
14,720 SF
Property subtype
General Commercial
Occupancy
90%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,035
Amenities
Electric, Gas
3
26+ Spaces, 26-50 Spaces.
1.1799999475479126
In City, Paved Road.
Building Details
Year Built
1995
Listing Agency:
WSIC Commercial
(509) 735-2255
Listed By:
Greg Markel · License #12600
(509) 735-2255
Source:
Xome
Added: Nov 30, 2024
Changed: Aug 30
Last Checked: Aug 31 at 1:24PM
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 WSIC Commercial
Investment Insights
Based on property information with market context.
This 14,720-square-foot mixed-use building was constructed in 1995 and is configured for office and retail occupancy. The property is 90% rented and includes electric and gas service, along with paved on-site parking providing more than 26 spaces.
The building is located across from the Benton County Courthouse, near Columbia Center Drive and W. Canal Drive. Interstate I-82 is readily accessible, while restaurants and retail stores are located in the immediate area. Columbia Center Mall is one block away, adding established commercial activity to the surrounding setting.
The building is located across from the Benton County Courthouse, near Columbia Center Drive and W. Canal Drive. Interstate I-82 is readily accessible, while restaurants and retail stores are located in the immediate area. Columbia Center Mall is one block away, adding established commercial activity to the surrounding setting.
Key Highlights
- 14,720‑square‑foot mixed‑use building constructed in 1995
- 90% rented
- Office and retail configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$225,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,519,060
$4.5M
Cap Rate 7%
$3,227,900
$3.2M
Cap Rate 9%
$2,510,589
$2.5M
Market Conditions
NOI Build-Up for 14,720 SF
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.
Gross rent
$323.3K $21.96/SF
− Vacancy
−$22.0K −$1.49/SF
EGI
$301.3K $20.47/SF
− OpEx
−$75.3K −$5.12/SF
NOI
$226.0K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,519,060
Cap Rate 7%
$3,227,900
Cap Rate 9%
$2,510,589
Alternative Uses
Best Use
Office B
$3.23M
$2.82M – $3.77M
NOI $225,953 @ 7.0% cap · market cap 8.37%
Second Best
Retail
$2.47M
$2.17M – $2.89M
NOI $173,231 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,795 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
90%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail property with 90% occupancy, paved access, and on-site parking for more than 26 vehicles.
Where is this mixed-use property located?
The property is located at 1313 N Young St Kennewick, WA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 14,720‑square‑foot mixed‑use building constructed in 1995; 90% rented; Office and retail configuration
