Flex Warehouse and Office
530-536 W Deschutes Ave Kennewick, WA 99336
New
For Sale
Contact for pricing
Three on-site buildings total including multiple office areas and warehouse/shop space on just under one acre.
Property Size6,000 SF
Price / SF$129.17
Days on Market7
Property Features for 530-536 W Deschutes Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Kiemle Hagood
(509) 430-6547
Listed By:
Lance Bacon · License #25742
(509) 430-6547
Source:
Moodyscre
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 4:02PM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
The property includes multiple flex and warehouse/shop buildings totaling just under one acre. Building #1 provides approximately 1,600 SF of office space with seven private offices and a restroom with a shower. Building #2 is a 2,100 SF warehouse/shop located directly along Deschutes Ave and includes six covered parking bays within a fully enclosed, fenced area. A third warehouse/shop building of about 1,600 SF is positioned in the northeast corner of the property. In addition, there is a separate 1,450 SF office building at the front of the property next to Building #1.
Building #2 fronts Deschutes Ave, supporting straightforward access to the main warehouse/shop component. The covered parking is contained within the fenced area, providing on-site, protected vehicle storage.
Overall, the site presents a multi-building setup combining office and warehouse/shop uses within an enclosed and fenced yard configuration for day-to-day operations.
Building #2 fronts Deschutes Ave, supporting straightforward access to the main warehouse/shop component. The covered parking is contained within the fenced area, providing on-site, protected vehicle storage.
Overall, the site presents a multi-building setup combining office and warehouse/shop uses within an enclosed and fenced yard configuration for day-to-day operations.
Key Highlights
- Three‑building property on just under one acre with office and warehouse/shop space
- 1,600 SF office building with seven (7) private offices and a restroom with shower
- 2,100 SF warehouse/shop building along Deschutes Ave with six (6) covered parking bays
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 | $79.2k | $13.20 |
| − Vacancy | −$6.0k | −$1.00 |
| EGI | $73.2k | $12.20 |
| − OpEx | −$25.6k | −$4.27 |
| NOI | $47.6k | $7.93 |
6,000 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$679.5K
$594.6K – $792.8K
NOI $47,568 @ 7.0% cap · market cap 6.14%
Second Best
Warehouse
$536.0K
$469.0K – $625.3K
NOI $37,519 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,493 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Three on-site buildings total including multiple office areas and warehouse/shop space on just under one acre.
Where is this flex space located?
The property is located at 530-536 W Deschutes 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‑building property on just under one acre with office and warehouse/shop space; 1,600 SF office building with seven (7) private offices and a restroom with shower; 2,100 SF warehouse/shop building along Deschutes Ave with six (6) covered parking bays
