Medical Office Suite in Shell
For Sale
Contact for pricing
3601 Plaza Way # 120, Kennewick, WA 99338
The newly built space offers a shell-condition interior for a tenant-designed buildout.
Property Size6,297 SF
Price / SF$1.05
Days on Market602
Property Features for 3601 Plaza Way # 120
General Information
Standard status
Active
Size
6,297 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Shell
Property Use
Medical/Retail
Building Details
Building Size
6,297 SF
Year Built
2023
Abandoned
No
Listing Agency:
Crown Property Management
Listed By:
Harlan Huston · License #114530
(509) 851-2743
Source:
Desertedgerealtygroup
Added: Mar 5, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Crown Property Management
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Investment Insights
Based on property information with market context.
This 3,188-square-foot medical office space was built in 2023 and will be delivered in shell condition, allowing the interior to be configured through a tenant buildout. BestMed Urgent Care anchors the property.
The suite is on Highway 395 in Kennewick, positioned between Trios Hospital and Kadlec Clinic.
The suite is on Highway 395 in Kennewick, positioned between Trios Hospital and Kadlec Clinic.
Key Highlights
- 3,188 SF of medical office space
- Shell condition allows for a tenant‑designed buildout
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,106
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,482,120
$1.5M
Cap Rate 7%
$1,058,657
$1.1M
Cap Rate 9%
$823,400
$823.4K
Market Conditions
NOI Build-Up for 6,297 SF
Gross rent
$113.3K $18.00/SF
− Vacancy
−$7.5K −$1.19/SF
EGI
$105.9K $16.81/SF
− OpEx
−$31.8K −$5.04/SF
NOI
$74.1K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,482,120
Cap Rate 7%
$1,058,657
Cap Rate 9%
$823,400
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,659 @ 7.0% cap · market cap 1,455.27%
Second Best
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,461 @ 7.0% cap · market cap 1,407.12%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,259 @ 7.0% cap · market cap 1,840.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99338, WA
19,117
Population
6,909
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
35.5 sq mi
ZIP Area
539
Density / Sq Mi
$116,002
Median Household Income
$55,295
Median Earnings
$1,474
Median Rent
$526,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- VCA Southridge Animal Hospital — 3711 Plaza Way, Kennewick, WA 99338
- Petco Vaccination Clinic — 4012 W 27th Ave, Kennewick, WA 99337
Frequently Asked Questions
What type of property is this?
Medical Office Space - The newly built space offers a shell-condition interior for a tenant-designed buildout.
Where is this medical office space located?
The property is located at 3601 Plaza Way # 120 Kennewick, WA.
What are key features of this property?
This property features: 3,188 SF of medical office space; Shell condition allows for a tenant‑designed buildout; Built in 2023
