For Sale
$2,795,000
3208 W 19th Ave, Kennewick, WA 99337
Medical centers
Property Size6,838 SF
Price / SF$408.75
Days on Market169
Property Features for 3208 W 19th Ave
General Information
Standard status
Active
Size
6,838 SF
Property subtype
COMMERCIAL
Building Details
Building Size
6,838 SF
Year Built
2011
Listing Agency:
SVN Retter & Company
Listed By:
Aaron Rowe · License #100550
(509) 308-1401
Source:
Desertedgerealtygroup
Added: May 13
Changed: Oct 28
Last Checked: Oct 26 at 2:14PM
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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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,490
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,800
$2.0M
Cap Rate 7%
$1,449,857
$1.4M
Cap Rate 9%
$1,127,667
$1.1M
Market Conditions
NOI Build-Up for 6,838 SF
Gross rent
$180.5K $26.40/SF
− Vacancy
−$11.4K −$1.66/SF
EGI
$169.2K $24.74/SF
− OpEx
−$67.7K −$9.89/SF
NOI
$101.5K $14.84/SF
Area
Benton County, WA
Vacancy
6.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,800
Cap Rate 7%
$1,449,857
Cap Rate 9%
$1,127,667
Alternative Uses
Best Use
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,490 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,763 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
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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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Frequently Asked Questions
Where is this medical center located?
The property is located at 3208 W 19th Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $2,795,000.
