Retail Suite with Glass
For Sale
Contact for pricing
5215 W Clearwater Avenue Unit 244, Kennewick, WA 99336
Open interior space offers flexibility for a future tenant’s planned layout.
Property Size51,983 SF
Price / SF$0.07
Days on Market286
Property Features for 5215 W Clearwater Avenue Unit 244
General Information
Standard status
Active
Size
51,983 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
prepped for remodel
Taxes and HOA fees
Annual Taxes
$29,254
Building Details
Building Size
51,983 SF
Year Built
1987
Listing Agency:
Crown Property Management
Listed By:
Harlan Huston · License #114530
(509) 851-2743
Source:
Desertedgerealtygroup
Added: Jan 15
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Crown Property Management
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite contains approximately 2,624 square feet of open space within a building constructed in 1987. A glass-front entrance brings natural light into the space. The interior is prepared for remodeling, and the suite has separate women’s and men’s restrooms.
The property occupies the corner of Clearwater Avenue and N. Edison Street in Kennewick. Retail businesses, hotels, service providers, and restaurants are present in the surrounding area.
The property occupies the corner of Clearwater Avenue and N. Edison Street in Kennewick. Retail businesses, hotels, service providers, and restaurants are present in the surrounding area.
Key Highlights
- Approximately 2,624 +/- square feet of open retail space
- Glass‑front entrance brings natural light into the suite
- Women’s restroom has three stalls; men’s restroom has one stall and two urinals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$611,757
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,235,140
$12.2M
Cap Rate 7%
$8,739,386
$8.7M
Cap Rate 9%
$6,797,300
$6.8M
Market Conditions
NOI Build-Up for 51,983 SF
Gross rent
$935.7K $18.00/SF
− Vacancy
−$61.8K −$1.19/SF
EGI
$873.9K $16.81/SF
− OpEx
−$262.2K −$5.04/SF
NOI
$611.8K $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,235,140
Cap Rate 7%
$8,739,386
Cap Rate 9%
$6,797,300
Alternative Uses
Best Use
Retail
$8.74M
$7.65M – $10.20M
NOI $611,757 @ 7.0% cap · market cap 17,473.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.42M
$12.62M – $16.82M
NOI $1,009,272 @ 7.0% cap · market cap 28,828.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Shops & Services 12%
Dining 10%
Electronics 1%
WinCo Foods
Groceries
92,111 visits/mo
0.4 miles
Safeway
Groceries
45,817 visits/mo
0.2 miles
Jack in the Box
Dining
12,286 visits/mo
0.3 miles
Speedway
Shops & Services
6,361 visits/mo
0.1 miles
AutoZone
Shops & Services
6,048 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Open interior space offers flexibility for a future tenant’s planned layout.
Where is this retail space located?
The property is located at 5215 W Clearwater Avenue Unit 244 Kennewick, WA.
What are key features of this property?
This property features: Approximately 2,624 +/- square feet of open retail space; Glass‑front entrance brings natural light into the suite; Women’s restroom has three stalls; men’s restroom has one stall and two urinals
