Industrial Property with Fenced
509 E 1st Avenue Kennewick, WA 99336
For Sale
$1,750,000
COMMERCIAL - Kennewick, WA
Property Size10,500 SF
Lot Size1.37 Acres
Price / SF$166.67
Days on Market294
Property Features for 509 E 1st Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUST /HEAVY
Parking
41
Standard status
Active
APN
106802090006001
Size
10,500 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5745
Building Details
Year built
1993
Listing Agency:
EverStar Realty
(509) 735-4042
Listed By:
Gayle Stack · License #2021
(509) 308-7310
Added: Oct 9, 2025
Changed: Jul 27
Last Checked: Jul 29 at 12:06PM
MLS# 288121
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial property offers a secured, fenced yard paired with a move-in ready office space and a large warehouse. The office is equipped with HVAC, and the warehouse is heated with gas. Multiple 14 x 14 roll-up doors provide warehouse access, and one bay offers drive-through capability.
The warehouse includes 480v power. Operational infrastructure is also in place, including a large air compressor with a distribution system and workstations throughout. A security system is installed and ready to be activated.
The property is zoned INDUST/HEAVY and has excellent access right off Hwy 397. Contact the listing broker for showing instructions; the property is also listed for lease under a separate MLS listing.
The warehouse includes 480v power. Operational infrastructure is also in place, including a large air compressor with a distribution system and workstations throughout. A security system is installed and ready to be activated.
The property is zoned INDUST/HEAVY and has excellent access right off Hwy 397. Contact the listing broker for showing instructions; the property is also listed for lease under a separate MLS listing.
Key Highlights
- 1993‑built industrial property with move‑in ready office space and large warehouse
- Large securely fenced yard plus security system ready to be activated
- Warehouse features 480V power, gas heat, and numerous 14 x 14 roll‑up doors
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $13.20 |
| − Vacancy | −$10.5k | −$1.00 |
| EGI | $128.1k | $12.20 |
| − OpEx | −$44.8k | −$4.27 |
| NOI | $83.2k | $7.93 |
10,500 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.69M
NOI $161,175 @ 7.0% cap · market cap 9.21%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,243 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,862 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Wild Olive’s Charcuterie Kingdom — 212 w kennewick ave, kennewick, wa 99336
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility includes a securely fenced yard, office with HVAC, and a warehouse with gas heat and multiple roll-up doors.
Where is this flex space located?
The property is located at 509 E 1st Avenue Kennewick, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 1993‑built industrial property with move‑in ready office space and large warehouse; Large securely fenced yard plus security system ready to be activated; Warehouse features 480V power, gas heat, and numerous 14 x 14 roll‑up doors
