Warehouse with Fenced
For Sale
Contact for pricing
1615 E Chemical Dr, Kennewick, WA 99337
Office areas include reception, additional workspace, and a breakroom, with access between the upper level and warehouse.
Property Size6,269 SF
Price / SF$0.76
Days on Market227
Property Features for 1615 E Chemical Dr
General Information
Standard status
Active
Size
6,269 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
19 ft
Clear Span
Yes
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$9,222
Building Details
Building Size
6,269 SF
Year Built
1971
Listing Agency:
SVN Retter & Company
Listed By:
Scott Sautell · License ##109003
(509) 430-8986
Source:
Desertedgerealtygroup
Added: Mar 16
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 6,269-square-foot warehouse was built in 1971 and features a clear-span interior with 19 feet of clear height. A fenced laydown area of approximately 6,350 square feet accompanies the building. The warehouse can be entered from the parking lot or the yard.
Office space has its own exterior entrance and a reception counter beside the waiting area. Additional office space and a breakroom sit above, with access from inside the warehouse.
Office space has its own exterior entrance and a reception counter beside the waiting area. Additional office space and a breakroom sit above, with access from inside the warehouse.
Key Highlights
- 6,269‑square‑foot warehouse built in 1971
- Clear‑span interior with 19 feet of clear height
- Fully fenced laydown yard measuring approximately 6,350 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,201
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,020
$784.0K
Cap Rate 7%
$560,014
$560.0K
Cap Rate 9%
$435,567
$435.6K
Market Conditions
NOI Build-Up for 6,269 SF
Gross rent
$50.4K $8.04/SF
− Vacancy
−$4.3K −$0.68/SF
EGI
$46.1K $7.36/SF
− OpEx
−$6.9K −$1.10/SF
NOI
$39.2K $6.25/SF
Area
Benton County, WA
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,020
Cap Rate 7%
$560,014
Cap Rate 9%
$435,567
Alternative Uses
Best Use
Warehouse
$560.0K
$490.0K – $653.4K
NOI $39,201 @ 7.0% cap · market cap 822.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,715 @ 7.0% cap · market cap 2,552.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Yew Street Storage — 8106 S Yew St #8674, Kennewick, WA 99337
- Warrior Storage — 1615 E Chemical Dr, Kennewick, WA 99337
- Chemical Drive Storage & Industrial Park — 1615 E Chemical Dr, Kennewick, WA 99337
- Twin City Foods - Kennewick — 1000 E 1st Ave, Kennewick, WA 99336
Frequently Asked Questions
What type of property is this?
Warehouse - Office areas include reception, additional workspace, and a breakroom, with access between the upper level and warehouse.
Where is this warehouse located?
The property is located at 1615 E Chemical Dr Kennewick, WA.
What are key features of this property?
This property features: 6,269‑square‑foot warehouse built in 1971; Clear‑span interior with 19 feet of clear height; Fully fenced laydown yard measuring approximately 6,350 square feet
