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Mixed-Use Property with Warehouse
For Sale
$775,000
Pending

536 W Deschutes, Kennewick, WA 99336

Commercial Sale, Kennewick, WA

Property Size1,600 SF
Lot Size1.00 Acre
Days on Market94

Property Features for 536 W Deschutes

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMCL GENERAL
Parking 11
Directions Fruitland to W. Deschutes
Standard status Pending
APN 136994020008013 & 018
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3962

Amenities

completely fenced

Building Details

Year built 1977
Listing Agency: Kiemle& Hagood Company
Listed By: Lance Bacon
Added: Jul 24 Changed: Oct 22 Last Checked: Oct 25 at 8:06PM
MLS# 294966

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.

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Investment Insights

Based on property information with market context.

Four buildings occupy this one-acre mixed-use property. The layout includes a 1,600-square-foot office, a 1,400-square-foot residence that could serve as office space, a 2,100-square-foot warehouse/shop, and a separate 1,600-square-foot warehouse/shop. A covered six-bay parking area is also on site, and the property is fenced.

The property is at 536 W Deschutes in Kennewick, directly on Deschutes Avenue. It was built in 1977 and is zoned COMMCL GENERAL.

Key Highlights

  • Four buildings on a 1‑acre property
  • 1,600‑square‑foot office
  • 1,400‑square‑foot residence with potential office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$24,560
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,200 $491.2K
Cap Rate 7%
$350,857 $350.9K
Cap Rate 9%
$272,889 $272.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.1K $21.96/SF
− Vacancy
−$2.4K −$1.49/SF
EGI
$32.7K $20.47/SF
− OpEx
−$8.2K −$5.12/SF
NOI
$24.6K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,200
Cap Rate 7%
$350,857
Cap Rate 9%
$272,889

Alternative Uses

Best Use
Office B
$350.9K
$307.0K – $409.3K (±1% cap)
NOI $24,560 @ 7.0% cap · market cap 3.17%
Second Best
Mixed Use
$184.5K
$161.5K – $215.3K (±1% cap)
NOI $12,917 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$443.8K
$388.3K – $517.8K (±1% cap)
NOI $31,065 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

729
Businesses Nearby

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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four separate structures combine office, residential, and warehouse/shop space on a fully fenced one-acre site.
Where is this mixed-use property located?
The property is located at 536 W Deschutes 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: Four buildings on a 1‑acre property; 1,600‑square‑foot office; 1,400‑square‑foot residence with potential office use
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