Office Suite with Conference
For Sale
Contact for pricing
4304 W 24th, Kennewick, WA 99338
The layout includes private offices, conference rooms, reception, and dedicated break and storage areas.
Property Size5,090 SF
Price / SF$0.00
Days on Market1444
Property Features for 4304 W 24th
General Information
Standard status
Active
Size
5,090 SF
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$34,590
Building Details
Building Size
5,090 SF
Year Built
2007
Listing Agency:
SVN Retter & Company
Listed By:
Scott Sautell · License ##109003
(509) 430-8986
Source:
Desertedgerealtygroup
Added: Nov 17, 2022
Changed: Oct 26
Last Checked: Oct 26 at 3:48PM
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 SVN Retter & Company
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Investment Insights
Based on property information with market context.
At 4304 W 24th in Kennewick, this office suite offers 5,090 square feet in a building constructed in 2007. The layout includes a waiting area, reception, nine offices, two large conference rooms, one smaller conference room, a break room with kitchen, cubicle space, and storage.
A separate 1,550-square-foot office space is also available in the building.
A separate 1,550-square-foot office space is also available in the building.
Key Highlights
- 5,090 SF office space
- Nine offices, two large conference rooms, and one smaller conference room
- Waiting area and reception
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,132
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,640
$1.6M
Cap Rate 7%
$1,116,171
$1.1M
Cap Rate 9%
$868,133
$868.1K
Market Conditions
NOI Build-Up for 5,090 SF
Gross rent
$111.8K $21.96/SF
− Vacancy
−$7.6K −$1.49/SF
EGI
$104.2K $20.47/SF
− OpEx
−$26.0K −$5.12/SF
NOI
$78.1K $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%
$1,562,640
Cap Rate 7%
$1,116,171
Cap Rate 9%
$868,133
Alternative Uses
Best Use
Office B
$1.12M
$976.7K – $1.30M
NOI $78,132 @ 7.0% cap · market cap 390,660.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,825 @ 7.0% cap · market cap 494,125.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes private offices, conference rooms, reception, and dedicated break and storage areas.
Where is this office unit located?
The property is located at 4304 W 24th Kennewick, WA.
What are key features of this property?
This property features: 5,090 SF office space; Nine offices, two large conference rooms, and one smaller conference room; Waiting area and reception
