Multi-Building Industrial Flex
536 W Deschutes Kennewick, WA 99336
New
For Sale
$775,000
COMMERCIAL - Kennewick, WA
Property Size6,700 SF
Lot Size1.00 Acre
Price / SF$115.67
Days on Market2
Property Features for 536 W Deschutes
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMCL GENERAL
- Parking
- 11
- Standard status
- Active
- APN
- 136994020008013 & 018
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3962
Building Details
- Year built
- 1977
Listing Agency:
Kiemle& Hagood Company
(509) 430-6547
Listed By:
Lance Bacon · License #25742
(509) 430-6547
Added: Jul 24
Last Checked: Jul 25 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale property consists of four separate buildings, including office and warehouse/shop configurations. Improvements include one 1,600-square-foot office space, a 1,400-square-foot home that could be used as office, a 2,100-square-foot warehouse/shop building, and an additional 1,600-square-foot warehouse/shop building located in the northeast corner of the property. A covered 6-bay parking area supports on-site vehicle use, and the entire property is completely fenced.
The warehouse and shop buildings are located directly on Deschutes Ave, providing direct street access for the industrial components.
Overall, the asset offers a multi-building layout that combines office flexibility with warehouse/shop space, with parking under cover and perimeter fencing in place.
The warehouse and shop buildings are located directly on Deschutes Ave, providing direct street access for the industrial components.
Overall, the asset offers a multi-building layout that combines office flexibility with warehouse/shop space, with parking under cover and perimeter fencing in place.
Key Highlights
- 4 separate buildings on one property: 1,600 SF office, 1,400 SF home (could be used as office), 2,100 SF warehouse/shop, and 1,600 SF warehouse/shop
- 1,600 SF office building and other shop/warehouse buildings located directly on Deschutes Ave
- Covered 6‑bay parking area on site
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 | $88.4k | $13.20 |
| − Vacancy | −$6.7k | −$1.00 |
| EGI | $81.7k | $12.20 |
| − OpEx | −$28.6k | −$4.27 |
| NOI | $53.1k | $7.93 |
6,700 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.71M
NOI $102,845 @ 7.0% cap · market cap 13.27%
Second Best
Flex RnD
$758.8K
$664.0K – $885.3K
NOI $53,117 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,083 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Wild Olive’s Charcuterie Kingdom — 212 w kennewick ave, kennewick, wa 99336
FAQs
What type of property is this?
Flex space - Four separate buildings plus a covered 6-bay parking area are set on a fully fenced lot on Deschutes Ave.
Where is this flex space 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: 4 separate buildings on one property: 1,600 SF office, 1,400 SF home (could be used as office), 2,100 SF warehouse/shop, and 1,600 SF warehouse/shop; 1,600 SF office building and other shop/warehouse buildings located directly on Deschutes Ave; Covered 6‑bay parking area on site
