Occupied Retail
For Sale
$1,295,000
7509 W Deschutes Ave, Kennewick, WA 99336
SINGLE_FAMILY - Kennewick, WA
Property Size9,315 SF
Lot Size0.59 Acres
Price / SF$139.02
Days on Market379
Property Features for 7509 W Deschutes Ave
General Information
Property type
Residential
Property subtype
Retail
Zoning
COMMCL GENERAL
Parking
21
Directions
Off Columbia Center Blvd on Deschutes. 7509 W. Deschutes Ave
Standard status
Active
APN
106891000001009
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5930
Building Details
Year built
1990
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Bryce Logan · License #B22021250
(509) 521-5396
Added: Jul 30, 2025
Changed: Aug 3
Last Checked: Aug 12 at 9:06AM
MLS# 286552
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 9,315-square-foot retail building was constructed in 1990 and sits on a 0.59-acre parcel at 7509 W Deschutes Ave in Kennewick. The property is currently occupied by Hole in the Wall Shooting Range, an established local business with an existing membership base. Its storefront configuration supports continued retail operation, while the building may also be repurposed for another use.
The property is located within a commercial corridor with stated visibility and access advantages, minutes from Columbia Center Mall. Its current occupancy, established operating use, and building scale provide a defined commercial footprint for an owner-user or continued tenancy.
The property is located within a commercial corridor with stated visibility and access advantages, minutes from Columbia Center Mall. Its current occupancy, established operating use, and building scale provide a defined commercial footprint for an owner-user or continued tenancy.
Key Highlights
- 9,315 SF retail building constructed in 1990
- Situated on a 0.59‑acre parcel
- Currently occupied by Hole in the Wall Shooting Range
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,623
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,192,460
$2.2M
Cap Rate 7%
$1,566,043
$1.6M
Cap Rate 9%
$1,218,033
$1.2M
Market Conditions
NOI Build-Up for 9,315 SF
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.
Gross rent
$167.7K $18.00/SF
− Vacancy
−$11.1K −$1.19/SF
EGI
$156.6K $16.81/SF
− OpEx
−$47.0K −$5.04/SF
NOI
$109.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,192,460
Cap Rate 7%
$1,566,043
Cap Rate 9%
$1,218,033
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,623 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,855 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
206k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 21%
Apparel 9%
Groceries 5%
Texas Roadhouse
Dining
36,799 visits/mo
0.5 miles
McDonald's
Dining
27,379 visits/mo
0.2 miles
Circle K
Shops & Services
24,976 visits/mo
0.2 miles
Applebee's
Dining
19,094 visits/mo
0.3 miles
Goodwill
Apparel
17,951 visits/mo
0.3 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Established shooting-range tenancy supports an operating retail use near Columbia Center Mall.
Where is this storefront property located?
The property is located at 7509 W Deschutes Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 9,315 SF retail building constructed in 1990; Situated on a 0.59‑acre parcel; Currently occupied by Hole in the Wall Shooting Range
