Office Unit with Five Private
For Sale
Contact for pricing
8656 W Gage Blvd #C301, Kennewick, WA 99336
Modified-gross occupancy includes metered electricity and HVAC maintenance paid by the tenant.
Property Size8,400 SF
Price / SF$0.83
Days on Market996
Property Features for 8656 W Gage Blvd #C301
General Information
Standard status
Active
Size
8,400 SF
Net Rentable
4,198 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
shared conference room
Building Details
Building Size
8,400 SF
Year Built
1997
Listing Agency:
EverStar Realty
Listed By:
Gayle Stack · License #2021
(509) 308-7310
Source:
Desertedgerealtygroup
Added: Feb 5, 2024
Changed: Oct 26
Last Checked: Oct 26 at 2:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit contains an open work area and five offices, with 3,536 usable square feet and 4,198 rentable square feet. Occupants share common restrooms and a conference room within the building, which was constructed in 1997.
The property is at 8656 W Gage Blvd in Kennewick, within the Gage Blvd business district. The modified-gross lease structure assigns metered electricity and HVAC maintenance to the tenant.
The property is at 8656 W Gage Blvd in Kennewick, within the Gage Blvd business district. The modified-gross lease structure assigns metered electricity and HVAC maintenance to the tenant.
Key Highlights
- 3,536 usable square feet and 4,198 rentable square feet
- Open area plus five offices
- Shared conference room and common restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,578,800
$2.6M
Cap Rate 7%
$1,842,000
$1.8M
Cap Rate 9%
$1,432,667
$1.4M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$184.5K $21.96/SF
− Vacancy
−$12.5K −$1.49/SF
EGI
$171.9K $20.47/SF
− OpEx
−$43.0K −$5.12/SF
NOI
$128.9K $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 Rate 5%
$2,578,800
Cap Rate 7%
$1,842,000
Cap Rate 9%
$1,432,667
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,940 @ 7.0% cap · market cap 1,842.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,090 @ 7.0% cap · market cap 2,329.86%
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
1,386
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
Frequently Asked Questions
What type of property is this?
Office unit - Modified-gross occupancy includes metered electricity and HVAC maintenance paid by the tenant.
Where is this office unit located?
The property is located at 8656 W Gage Blvd #C301 Kennewick, WA.
What are key features of this property?
This property features: 3,536 usable square feet and 4,198 rentable square feet; Open area plus five offices; Shared conference room and common restrooms
