Flex Warehouse and Office
For Sale
Contact for pricing
530-536 W Deschutes Ave, Kennewick, WA 99336
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 Market52
Property Features for 530-536 W Deschutes Ave
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
6
Property subtype
INDUSTRIAL
Site & Location
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Kiemle Hagood
(509) 783-7663
Listed By:
Lance Bacon · License #25742
(509) 430-6547
Source:
Moodyscre
Added: Jul 24
Changed: Sep 10
Last Checked: Sep 13 at 11:09AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,568
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$951,360
$951.4K
Cap Rate 7%
$679,543
$679.5K
Cap Rate 9%
$528,533
$528.5K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$79.2K $13.20/SF
− Vacancy
−$6.0K −$1.00/SF
EGI
$73.2K $12.20/SF
− OpEx
−$25.6K −$4.27/SF
NOI
$47.6K $7.93/SF
Area
Benton County, WA
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$951,360
Cap Rate 7%
$679,543
Cap Rate 9%
$528,533
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
