Multi-Suite Retail
For Sale
Contact for pricing
8920 W Clearwater Ave, Kennewick, WA 99336
Suites can be combined, and a drive-through option is available.
Property Size4,000 SF
Price / SF$0.01
Days on Market974
Property Features for 8920 W Clearwater Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,161
Building Details
Building Size
4,000 SF
Buildings
1
Listing Agency:
NAI Tri-Cities Commercial
Listed By:
Bryce Logan · License #22021250
(509) 521-5396
Source:
Desertedgerealtygroup
Added: Feb 29, 2024
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 NAI Tri-Cities Commercial
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Investment Insights
Based on property information with market context.
A new 4,000-square-foot retail building is planned with delivery in gray-shell condition. The layout provides four 1,000-square-foot suites, which may be combined in different configurations. Floor plans and tenant improvements are flexible, and a drive-through option is available.
The planned development includes a service station/convenience store anchor, with Kadlec identified as a neighboring property. The project is in the construction planning phase, and lease terms of five years or longer are specified.
The planned development includes a service station/convenience store anchor, with Kadlec identified as a neighboring property. The project is in the construction planning phase, and lease terms of five years or longer are specified.
Key Highlights
- Planned 4,000‑square‑foot retail building
- Four 1,000‑square‑foot suites; suites can be combined
- Drive‑through option available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,074
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,480
$941.5K
Cap Rate 7%
$672,486
$672.5K
Cap Rate 9%
$523,044
$523.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$4.8K −$1.19/SF
EGI
$67.2K $16.81/SF
− OpEx
−$20.2K −$5.04/SF
NOI
$47.1K $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%
$941,480
Cap Rate 7%
$672,486
Cap Rate 9%
$523,044
Alternative Uses
Best Use
Retail
$672.5K
$588.4K – $784.6K
NOI $47,074 @ 7.0% cap · market cap 196,141.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.8K – $1.29M
NOI $77,662 @ 7.0% cap · market cap 323,591.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
417
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Maaco
Shops & Services
417 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Suites can be combined, and a drive-through option is available.
Where is this retail space located?
The property is located at 8920 W Clearwater Ave Kennewick, WA.
What are key features of this property?
This property features: Planned 4,000‑square‑foot retail building; Four 1,000‑square‑foot suites; suites can be combined; Drive‑through option available
