Two-Building Mixed-Use
For Sale
$790,000
200 & 210 N Volland St., Kennewick, WA 99336
Office and retail space is approximately 90% leased, with parking available at the front and rear of both buildings.
Property Size6,360 SF
Price / SF$124.21
Days on Market664
Property Features for 200 & 210 N Volland St.
General Information
Standard status
Active
Size
6,360 SF
Property subtype
Office
Occupancy
90%
Additional Details
Mixed-Use Components
office, retail
Tenant in Place
Yes
Property Use
Office and Retail
Building Details
Building Size
6,360 SF
Year Built
1960
Buildings
2
Listing Agency:
SVN Retter & Company
Listed By:
Aaron Rowe · License #100550
(509) 308-1401
Source:
Desertedgerealtygroup
Added: Jan 2, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:44AM
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.
The offering includes two buildings with a combined property size of 6,360 SF. Their spaces accommodate a mix of office and retail uses, and approximately 90% of the property is leased. About 1,100 SF is available for rent. Both buildings have parking at the front and rear and were built in 1960.
The properties are at 200 and 210 N Volland St. in central Kennewick, behind Crossroads Mall and near the Union and Clearwater intersection.
The properties are at 200 and 210 N Volland St. in central Kennewick, behind Crossroads Mall and near the Union and Clearwater intersection.
Key Highlights
- Two buildings with a combined property size of 6,360 SF
- Office and retail space; approximately 90% leased
- About 1,100 SF available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,344
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,880
$1.0M
Cap Rate 7%
$733,486
$733.5K
Cap Rate 9%
$570,489
$570.5K
Market Conditions
NOI Build-Up for 6,360 SF
Gross rent
$89.3K $14.04/SF
− Vacancy
−$7.1K −$1.12/SF
EGI
$82.2K $12.92/SF
− OpEx
−$30.8K −$4.84/SF
NOI
$51.3K $8.07/SF
Area
Benton County, WA
Vacancy
8.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,880
Cap Rate 7%
$733,486
Cap Rate 9%
$570,489
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.63M
NOI $97,626 @ 7.0% cap · market cap 12.36%
Second Best
Retail
$1.07M
$935.6K – $1.25M
NOI $74,847 @ 7.0% cap · market cap 9.47%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,482 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
567
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space is approximately 90% leased, with parking available at the front and rear of both buildings.
Where is this mixed-use property located?
The property is located at 200 & 210 N Volland St. Kennewick, WA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two buildings with a combined property size of 6,360 SF; Office and retail space; approximately 90% leased; About 1,100 SF available for rent
