Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    518 E 1st Ave Kennewick, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial condo building with warehouse and office space for sale.

    Type:INDUSTRIAL
    Lot size:
    2.06 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    319
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 518 E 1st Ave

    General Information

    Standard status
    Active
    Lot size
    2.06 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Scott Sautell

    Listing agent Scott Sautell License #109003

    Listing office SVN Retter & Company

    Listing date Jun 16, 2025

    Source Moodyscre

    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

    Overview

    Kennewick Warehouse with Office Space

    The industrial property for sale in Kennewick, WA, consists of a 6,100-square-foot condo building situated on 2.06 acres. The building features a storefront entrance facing 1st Ave, along with two dock-high doors. The space is primarily warehouse, complemented by some office area. A new roof has recently been installed. The current tenant will be vacating, presenting an opportunity for an owner-user to purchase the building. The property is located in close proximity to freeways and other amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Twin City Foods - Kennewick — 1000 E 1st Ave, Kennewick, WA 99336
    • River City Services, LLC — 19 W 10th Ave, Kennewick, WA 99336
    • Storageland LLC — 108 W Columbia Dr, Kennewick, WA 99336
    • CHS SunBasin Growers — 901 E Columbia Dr, Kennewick, WA 99336
    • Vital Records Control — 411 W Railroad Ave, Kennewick, WA 99336

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.11
    Latitude
    46.2075

    Nearby Similar for Sale

    • $560,000
      2,500 SF

      South Kennewick Duplex Opportunity

      Duplex with updated interiors on a large 0.74-acre lot.
      2216 S Rainier St., Kennewick, WA 99337
      View Details
    • $350,000

      Two-Acre Parcel with Large Shop

      Two-acre parcel featuring a large shop near Two Rivers Park.
      21018 S Finley Rd, Kennewick, WA 99337
      View Details
    • $699,999
      3,680 SF

      Kennewick Fiveplex Investment Opportunity

      Centrally located Kennewick fiveplex with potential for additional unit.
      4110 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $550,000
      3,064 SF

      Remodeled Tri-Plex on Spacious Lot

      Income-generating triplex with remodeled units on a large lot.
      224204 E Main Street, Kennewick, WA 99337
      View Details
    • $419,900
      2,564 SF

      Kennewick Duplex with Spacious Units

      Spacious Kennewick duplex with 3 bedrooms, 1.75 baths per unit.
      903 N Neel St, Kennewick, WA 99336
      View Details
    • $562,600
      2,925 SF

      New Construction Duplex in Kennewick

      Modern duplex with open living areas and investment potential.
      1019 E 6th Ave, Kennewick, WA 99336
      View Details
    • $430,000
      1,314 SF

      Kennewick Duplex: Turnkey Investment

      Updated duplex in Kennewick with rental income potential.
      1108 W Entiat Ave, Kennewick, WA 99336
      View Details
    • $790,000
      6,360 SF

      Kennewick Mixed-Use Investment Opportunity

      Two-building, 90% leased, mixed-use property near Crossroads Mall.
      200 & 210 N Volland St, Kennewick, WA 99336
      View Details
    • $475,000
      2,256 SF

      Kennewick Duplex with River Views

      West Kennewick duplex featuring Columbia River views and mature landscaping.
      6109/6111 W Arrowhead, Kennewick, WA 99336
      View Details
    • $350,000
      5,000 SF

      Kennewick Avenue Commercial Building

      Commercial building suitable for investment or owner-user with retail/office potential.
      315 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $24
      4,000 SF

      Retail Space Near Steptoe Intersection

      New retail building in planning phase near Kadlec.
      8920 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • $6,431
      6,297 SF

      Medical/Retail Space Near Highway 395

      3,087 SF medical/retail space in high-traffic location.
      3601 Plaza Way 120, Kennewick, WA 99338
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial condo building with warehouse and office space for sale.
    Where is this warehouse located?
    The property is located at 518 E 1st Ave Kennewick, WA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Three separate condo buildings on 2.06 acres offer diverse investment or owner‑user opportunities.; 516 W 1st (26,322 sq ft) presents significant upside potential with below‑market rents and long‑term tenants.; 518 W 1st (6,100 sq ft) is ideal for an owner‑user, featuring a new roof, dock high doors, and storefront entrance, with upcoming vacancy.
    (509) 430-8986 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Sautell
    Real Estate License ID: 109003
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!