Live-Work Property with
For Sale
$370,000
408 N Volland, Kennewick, WA 99336
A detached garage, basement, and fenced outdoor area complement the flexible interior.
Property Size1,660 SF
Price / SF$222.89
Days on Market76
Property Features for 408 N Volland
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Site Built-Owned Lot
Taxes and HOA fees
Annual Taxes
$3,182
Amenities
wood flooring
built-in shelving
cabinetry
fireplace
arched opening
generous counter space
basement storage
large fenced yard
covered patio
detached garage
Building Details
Building Size
1,660 SF
Year Built
1948
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Jodi Danna
(509) 430-7800
Source:
Desertedgerealtygroup
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 26 at 3:41PM
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 Coldwell Banker Tomlinson
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Investment Insights
Based on property information with market context.
This 1,660-square-foot live-work property has three bedrooms, two bathrooms, and a basement. Interior details include wood flooring, built-in shelving and cabinetry, a fireplace, and an arched passage between the living area and kitchen. The kitchen has counter and storage space, while the property's rooms can accommodate different arrangements. Its zoning is described as commercial/non-conforming residential.
Outdoor features include a large fenced yard, a covered patio, and a detached garage. Built in 1948, the property is located at 408 N Volland in Kennewick, Washington.
Outdoor features include a large fenced yard, a covered patio, and a detached garage. Built in 1948, the property is located at 408 N Volland in Kennewick, Washington.
Key Highlights
- 1,660‑square‑foot property with three bedrooms and two bathrooms
- Zoning described as commercial/non‑conforming residential
- Basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,481
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,620
$509.6K
Cap Rate 7%
$364,014
$364.0K
Cap Rate 9%
$283,122
$283.1K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$36.5K $21.96/SF
− Vacancy
−$2.5K −$1.49/SF
EGI
$34.0K $20.47/SF
− OpEx
−$8.5K −$5.12/SF
NOI
$25.5K $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%
$509,620
Cap Rate 7%
$364,014
Cap Rate 9%
$283,122
Alternative Uses
Best Use
Office B
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 6.89%
Second Best
Mixed Use
$191.4K
$167.5K – $223.4K
NOI $13,401 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$460.4K
$402.9K – $537.2K
NOI $32,230 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - A detached garage, basement, and fenced outdoor area complement the flexible interior.
Where is this live-work space located?
The property is located at 408 N Volland Kennewick, WA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,660‑square‑foot property with three bedrooms and two bathrooms; Zoning described as commercial/non‑conforming residential; Basement provides additional interior space
