Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Kennewick, WA Title is generated by Realmo AI

    5214 S Palouse Ct- Lot 224, Kennewick, WA 99337

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Kennewick, WA

    Lot size:
    0.56 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    57
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 5214 S Palouse Ct- Lot 224

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    733

    We can help!

    Listing Contact
    Ruth Dingfield
    Ruth Dingfield

    Listing agent Ruth Dingfield License #109534

    Listing office Windermere Group One/Tri-Cities 490 BRADLEY BLVD, Richland, WA

    Listing date Apr 3, 2026

    MLS# 263419 Listing URL

    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.

    HighLights

    • Utilities to lot line on streetside
    • Bring your own builder
    • City of Kennewick water supplied
    • Located in Sage Crest Elementary, Horse Heaven Hills Middle School, and Southridge High School district
    • Low HOA fee: $400 per year
    • Creative opportunity

    Overview

    This residential land, located in Kennewick, WA, presents a creative opportunity for building. The lot size is 0.56 acres. All utilities are available at the street side lot line. Building guidelines are outlined in the CCR's. The land is supplied by City of Kennewick water. There is no KID Irrigation. The HOA fee is $400 per year. The property is located near Sage Crest Elementary, Horse Heaven Hills Middle School, and Southridge High School.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.143062
    Latitude
    46.164127

    Nearby Similar for Sale

    • $550,000
      3,064 SF

      Remodeled Tri-Plex on Spacious Lot

      Tri-Plex with remodeled units, strong rental income, and ample parking.
      224204 E Main Street, Kennewick, WA 99337
      View Details
    • $699,999
      3,680 SF

      Kennewick Multifamily Investment Opportunity

      Five-unit multifamily property in central Kennewick, WA.
      4110 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $659,000
      3,544 SF

      Kennewick Fourplex Investment Opportunity

      Turn-key fourplex near amenities and transit with long-term tenants.
      3506 W 1st Ave, Kennewick, WA 99336
      View Details
    • $405,000
      2,501 SF

      Kennewick Triplex: Income Property

      Fully tenanted triplex in Kennewick with immediate income potential.
      2622 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • $549,900
      2,925 SF

      New Construction Duplex in Kennewick

      Modern duplex with stainless appliances and private outdoor spaces.
      1019 E 6th Ave, Kennewick, WA 99336
      View Details
    • $419,900
      2,564 SF

      Kennewick Duplex with Spacious Units

      Kennewick duplex featuring two spacious units, perfect for investors.
      903 N Neel St, Kennewick, WA 99336
      View Details
    • $695,555
      4,032 SF

      Kennewick Four-Plex Investment Opportunity

      Well-maintained four-plex in Kennewick with strong income potential.
      1115 N Cleveland Street, Kennewick, WA 99336
      View Details
    • $695,555
      4,032 SF

      Kennewick Four-Plex Investment Opportunity

      Well-maintained four-plex with strong income potential in Kennewick.
      1121 N Cleveland Street, 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
    • $550,000

      Kennewick Land with Panoramic Views

      View property for a grand home near Country Meadows.
      82385 Country Heights Dr, Kennewick, WA 99338
      View Details
    • $299,900

      Kennewick Land Parcel Opportunity

      5-acre parcel ideal for builders, developers, or long-term investors.
      TBD South Lot S Carlson Road, Kennewick, WA 99337
      View Details
    • $673,632

      Multifamily Lot in Kennewick, WA

      1.93-acre multifamily lot in a developing townhome community.
      NKA W Clearwater Dr., Kennewick, WA 99336
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with utilities available in Kennewick, Washington.
    Where is this residential land & home lot located?
    The property is located at 5214 S Palouse Ct- Lot 224 Kennewick, WA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Utilities to lot line on streetside; Bring your own builder; City of Kennewick water supplied
    (509) 899-2374
    We can help!
    Listing Contact
    Ruth Dingfield
    Ruth Dingfield
    Real Estate License ID: 109534
    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

    Thank You for Inquiry
    5214 S Palouse Ct- Lot 224, Kennewick, WA 99337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!