Shopping Center with Flexible Commercial
For Sale
Contact for pricing
7011 W Canal Dr # 1, Kennewick, WA 99336
Available spaces can support retail, office, or restaurant operations.
Property Size124,896 SF
Price / SF$0.00
Days on Market480
Property Features for 7011 W Canal Dr # 1
General Information
Standard status
Active
Size
124,896 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$47,130
Building Details
Building Size
124,896 SF
Year Built
1993
Listing Agency:
Tippett Company of Washington
Listed By:
Kirt Shaffer · License #50402
(509) 521-9183
Source:
Desertedgerealtygroup
Added: Jul 7, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:28AM
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 Tippett Company of Washington
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 124,896-square-foot shopping center was built in 1993. Available spaces are suited to retail, office, and restaurant uses. Amazon previously occupied space in the property as a call center, and Hobby Lobby is a current tenant.
The property is in a regional shopping district near the Three Rivers Convention Center, within the Tri-Cities MSA, which has a population of more than 300,000.
The property is in a regional shopping district near the Three Rivers Convention Center, within the Tri-Cities MSA, which has a population of more than 300,000.
Key Highlights
- 124,896‑square‑foot shopping center built in 1993
- Available space accommodates retail, office, and restaurant uses
- Hobby Lobby is a current tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,469,826
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,396,520
$29.4M
Cap Rate 7%
$20,997,514
$21.0M
Cap Rate 9%
$16,331,400
$16.3M
Market Conditions
NOI Build-Up for 124,896 SF
Gross rent
$2.25M $18.00/SF
− Vacancy
−$148.4K −$1.19/SF
EGI
$2.10M $16.81/SF
− OpEx
−$629.9K −$5.04/SF
NOI
$1.47M $11.77/SF
Area
Benton County, WA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,396,520
Cap Rate 7%
$20,997,514
Cap Rate 9%
$16,331,400
Alternative Uses
Best Use
Retail
$21.00M
$18.37M – $24.50M
NOI $1,469,826 @ 7.0% cap · market cap 7,349,130.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.64M
$30.31M – $40.42M
NOI $2,424,909 @ 7.0% cap · market cap 12,124,545.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
441k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 57%
Dining 26%
Shops & Services 15%
Electronics 1%
Macy's
Apparel
88,256 visits/mo
0.5 miles
JCPenney
Apparel
74,147 visits/mo
0.5 miles
Ross Dress for Less
Apparel
42,445 visits/mo
0.3 miles
McDonald's
Dining
34,907 visits/mo
0.4 miles
Sportsman's Warehouse
Apparel
31,880 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Columbia Summit Center — 731 N Columbia Center Blvd, Kennewick, WA 99336
- Columbia Square — 1232 N Columbia Center Blvd, Kennewick, WA 99336
- Sunglass Hut at Macy's — 1321 N Columbia Center Blvd, Kennewick, WA 99336
- Columbia Center — 1321 N Columbia Center Blvd, Kennewick, WA 99336
- The Colonnade — 6803 W Canal Dr, Kennewick, WA 99336
Frequently Asked Questions
What type of property is this?
Shopping center - Available spaces can support retail, office, or restaurant operations.
Where is this shopping center located?
The property is located at 7011 W Canal Dr # 1 Kennewick, WA.
What are key features of this property?
This property features: 124,896‑square‑foot shopping center built in 1993; Available space accommodates retail, office, and restaurant uses; Hobby Lobby is a current tenant
