Finished Flex Space with
For Sale
Contact for pricing
6509 W Rio Grande, Kennewick, WA 99336
Move-in ready flex space with offices and shop area.
Property Size12,400 SF
Days on Market157
Property Features for 6509 W Rio Grande
General Information
Standard status
Active
Size
12,400 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
12,400 SF
Year Built
2018
Properties For Sale
at 6509 W Rio Grande
110-130
Size
4,100 SF
Term
Negotiable
Listing Agency:
Retter & Company Sotheby's International Realty
Listed By:
Rob Ellsworth, CCIM · License #WA #17790
(509) 430-2378
Source:
Svn
Added: May 14
Changed: Oct 13
Last Checked: Oct 16 at 8:08AM
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 Retter & Company Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This is a fully finished, move-in-ready flex space featuring finished office space that includes 3 offices, a conference room/break room combo, an ADA-compliant restroom, and an open reception area. The shop space is equipped with two overhead doors and has 20-foot eaves. It is insulated and heated. The property also features two high bay doors.
Key Highlights
- Move‑in ready, fully finished space.
- Shop space with 2 overhead doors and 20' eaves.
- Insulated and heated shop space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,808
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,160
$1.5M
Cap Rate 7%
$1,040,114
$1.0M
Cap Rate 9%
$808,978
$809.0K
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$111.6K $9.00/SF
− Vacancy
−$7.6K −$0.61/SF
EGI
$104.0K $8.39/SF
− OpEx
−$31.2K −$2.52/SF
NOI
$72.8K $5.87/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,160
Cap Rate 7%
$1,040,114
Cap Rate 9%
$808,978
Alternative Uses
Best Use
Flex RnD
$1.40M
$1.23M – $1.64M
NOI $98,306 @ 7.0% cap · market cap 2,048.04%
Second Best
Industrial
$1.04M
$910.1K – $1.21M
NOI $72,808 @ 7.0% cap · market cap 1,516.83%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,751 @ 7.0% cap · market cap 5,015.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready flex space with offices and shop area.
Where is this flex space located?
The property is located at 6509 W Rio Grande Kennewick, WA.
What are key features of this property?
This property features: Move‑in ready, fully finished space.; Shop space with **2 overhead doors and 20' eaves.**; Insulated and heated shop space.
