Industrial Building with Fenced
New
For Sale
$1,125,000
723 W Deschutes, Kennewick, WA 99336
Commercial Sale, Kennewick, WA
Property Size6,126 SF
Lot Size0.87 Acres
Price / SF$183.64
Days on Market1
Property Features for 723 W Deschutes
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMCL RETAIL
Parking
21
Subdivision
Kennewick Cntrl
Directions
W on Deschutes From Fruitland
Standard status
Active
APN
136994020004006
Lot size
0.87 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Industrial
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2575
Building Details
Year built
1970
Buildings
1
Listing Agency:
SVN Retter & Company
(509) 737-9429
Listed By:
Rob Ellsworth · License ##17790
(509) 430-2378
Added: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# 297501
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.
At 723 W Deschutes Ave in Kennewick, this 6,126-square-foot industrial building sits on approximately 0.87 acres. The grounds include a fenced, gravel-surfaced yard used for equipment and vehicle storage. The property is zoned COMMCL RETAIL and is in a designated Opportunity Zone.
Stripe Rite occupies the site as an SPM location within Frontline Road Safety Group. The tenant has been in place since 2008. The current lease runs through July 31, 2028, and includes two remaining five-year renewal options.
Stripe Rite occupies the site as an SPM location within Frontline Road Safety Group. The tenant has been in place since 2008. The current lease runs through July 31, 2028, and includes two remaining five-year renewal options.
Key Highlights
- 6,126 SF industrial building on approximately 0.87 acres
- Fenced, graveled yard areas used for equipment and vehicle storage
- Leased to Stripe Rite for use as an SPM location within Frontline Road Safety Group
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,969
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,380
$719.4K
Cap Rate 7%
$513,843
$513.8K
Cap Rate 9%
$399,656
$399.7K
Market Conditions
NOI Build-Up for 6,126 SF
Gross rent
$55.1K $9.00/SF
− Vacancy
−$3.7K −$0.61/SF
EGI
$51.4K $8.39/SF
− OpEx
−$15.4K −$2.52/SF
NOI
$36.0K $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%
$719,380
Cap Rate 7%
$513,843
Cap Rate 9%
$399,656
Alternative Uses
Best Use
Industrial
$513.8K
$449.6K – $599.5K
NOI $35,969 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,939 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
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
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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?
Industrial property - The leased property combines industrial space with outdoor areas for storing vehicles and equipment.
Where is this industrial property located?
The property is located at 723 W Deschutes Kennewick, WA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 6,126 SF industrial building on approximately 0.87 acres; Fenced, graveled yard areas used for equipment and vehicle storage; Leased to Stripe Rite for use as an SPM location within Frontline Road Safety Group
