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Office Space with Reception
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150-4304 W 24th Ave, Kennewick, WA 99337

Office suite includes reception, multiple offices, a conference room, break room, and storage space.

Property Size1,550 SF
Price / SF$0.01
Days on Market326

Property Features for 150-4304 W 24th Ave

General Information

Standard status Active
Size 1,550 SF
Lease Type NNN

Taxes and HOA fees

Annual Taxes $34,590
Listing Agency: SVN Retter & Company
Listed By: Scott Sautell · License ##109003
Source: Exprealty
Added: Dec 1, 2025 Changed: Oct 8 Last Checked: Oct 21 at 2:53AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This office suite offers a practical mix of front-of-house and workspace components, including a waiting area and reception, three offices, a conference room, a break room, cube-style work area, and storage space.

The property is located at 150-4304 W 24th Ave in Kennewick, WA, in a building described in the listing as one of the nicest in South Kennewick.

A smaller office space is also available in the same building. Call the listing agent for details.

Key Highlights

  • Office suite available in South Kennewick with 1,550 SF of space
  • Includes waiting area and reception area
  • Features 3 offices plus conference room and break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$23,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,860 $475.9K
Cap Rate 7%
$339,900 $339.9K
Cap Rate 9%
$264,367 $264.4K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$34.0K $21.96/SF
− Vacancy
−$2.3K −$1.49/SF
EGI
$31.7K $20.47/SF
− OpEx
−$7.9K −$5.12/SF
NOI
$23.8K $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%
$475,860
Cap Rate 7%
$339,900
Cap Rate 9%
$264,367

Alternative Uses

Best Use
Office B
$339.9K
$297.4K – $396.6K (±1% cap)
NOI $23,793 @ 7.0% cap · market cap 118,965.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K (±1% cap)
NOI $30,094 @ 7.0% cap · market cap 150,470.00%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Nail Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby

Demographics for 99337, WA

33,458
Population
11,725
Households
2.9
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
165.9 sq mi
ZIP Area
202
Density / Sq Mi
$90,227
Median Household Income
$49,829
Median Earnings
$1,347
Median Rent
$356,700
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Office suite includes reception, multiple offices, a conference room, break room, and storage space.
Where is this office unit located?
The property is located at 150-4304 W 24th Ave Kennewick, WA.
What are key features of this property?
This property features: Office suite available in South Kennewick with 1,550 SF of space; Includes waiting area and reception area; Features 3 offices plus conference room and break room
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