Office Building with Finished
7515 W Deschutes Ave, Kennewick, WA 99336
For Sale
$814,000
Pending
Community Commercial zoning and a multi-area office layout support a range of potential commercial uses.
Property Size3,818 SF
Days on Market39
Property Features for 7515 W Deschutes Ave
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Abandoned
Listing Agency:
HomeSmart Elite Brokers
Listed By:
Kellen Belew · License WA #114951
(509) 412-2058
Source:
Desertedgerealtygroup
Added: Oct 3
Changed: Nov 9
Last Checked: Nov 10 at 8:09AM
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 HomeSmart Elite Brokers
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Investment Insights
Based on property information with market context.
This office property contains 3,161 square feet of office space plus 657 square feet of finished garage area with concrete floors, overhead access and additional storage. The interior is arranged across 10 areas, including a reception and front desk, a large conference room, main office area, private office, two open rooms, two private bathrooms with showers, and a full kitchen with sink and appliances. Two HVAC systems serve the building, which was constructed in 1990.
The property is on W Deschutes Ave in Kennewick, three buildings east of Columbia Center and one block north of Clearwater Ave. Community Commercial zoning applies. Potential uses noted include offices, commercial businesses, places of worship, day care, group living and nursing homes; some uses may require city review, conditional use permits or other restrictions.
The property is on W Deschutes Ave in Kennewick, three buildings east of Columbia Center and one block north of Clearwater Ave. Community Commercial zoning applies. Potential uses noted include offices, commercial businesses, places of worship, day care, group living and nursing homes; some uses may require city review, conditional use permits or other restrictions.
Key Highlights
- 3,161 square feet of office space and 657 square feet of finished garage area
- Finished garage has concrete floors, an overhead door approximately 11'x10', and extra storage
- 10 interior areas, including a conference room, private office, kitchen, and private bathrooms with showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,606
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,120
$1.2M
Cap Rate 7%
$837,229
$837.2K
Cap Rate 9%
$651,178
$651.2K
Market Conditions
NOI Build-Up for 3,818 SF
Gross rent
$83.8K $21.96/SF
− Vacancy
−$5.7K −$1.49/SF
EGI
$78.1K $20.47/SF
− OpEx
−$19.5K −$5.12/SF
NOI
$58.6K $15.35/SF
Area
Benton County, WA
Vacancy
6.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,120
Cap Rate 7%
$837,229
Cap Rate 9%
$651,178
Alternative Uses
Best Use
Office B
$837.2K
$732.6K – $976.8K
NOI $58,606 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$926.6K – $1.24M
NOI $74,128 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
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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
Properties on Market for Office buildings in Kennewick
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Community Commercial zoning and a multi-area office layout support a range of potential commercial uses.
Where is this office building located?
The property is located at 7515 W Deschutes Ave Kennewick, WA.
What is the asking price?
The asking price for this property is $814,000.
What are key features of this property?
This property features: 3,161 square feet of office space and 657 square feet of finished garage area; Finished garage has concrete floors, an overhead door approximately 11'x10', and extra storage; 10 interior areas, including a conference room, private office, kitchen, and private bathrooms with showers
