Two-Suite Office
For Sale
Contact for pricing
401 N Young St. Unit B, Kennewick, WA 99336
Suites A and B can be occupied individually or together in a professional office setting.
Property Size12,000 SF
Price / SF$0.33
Days on Market30
Property Features for 401 N Young St. Unit B
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Office
Additional Details
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$12,155
Building Details
Building Size
12,000 SF
Year Built
1993
Listing Agency:
Tippett Company of Washington
Listed By:
Charles Laird · License #17785
(509) 521-5168
Source:
Desertedgerealtygroup
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 7:43AM
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 Tippett Company of Washington
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Investment Insights
Based on property information with market context.
The property contains two office suites, identified as A and B, with flexibility to use them separately or as one combined space. The building dates to 1993.
Located in Kennewick, the office property is near Columbia Center Boulevard and Deschutes Avenue, within an established professional office park.
Located in Kennewick, the office property is near Columbia Center Boulevard and Deschutes Avenue, within an established professional office park.
Key Highlights
- Two office suites, A and B, can be combined or used separately
- Built in 1993
- Near Columbia Center Boulevard and Deschutes Avenue in Kennewick
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,200
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,684,000
$3.7M
Cap Rate 7%
$2,631,429
$2.6M
Cap Rate 9%
$2,046,667
$2.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$263.5K $21.96/SF
− Vacancy
−$17.9K −$1.49/SF
EGI
$245.6K $20.47/SF
− OpEx
−$61.4K −$5.12/SF
NOI
$184.2K $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%
$3,684,000
Cap Rate 7%
$2,631,429
Cap Rate 9%
$2,046,667
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,200 @ 7.0% cap · market cap 4,623.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,985 @ 7.0% cap · market cap 5,848.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,564
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?
Office unit - Suites A and B can be occupied individually or together in a professional office setting.
Where is this office unit located?
The property is located at 401 N Young St. Unit B Kennewick, WA.
What are key features of this property?
This property features: Two office suites, A and B, can be combined or used separately; Built in 1993; Near Columbia Center Boulevard and Deschutes Avenue in Kennewick
