High-Visibility Office
For Sale
Contact for pricing
807 S Washington St, Kennewick, WA 99336
Office building with high-visibility frontage on S Washington Street in Kennewick, WA.
Property Size1,352 SF
Price / SF$332.10
Days on Market162
Property Features for 807 S Washington St
General Information
Standard status
Active
Size
1,352 SF
Property subtype
OFFICE
Listing Agency:
Epique Realty
(509) 440-5640
Listed By:
Michelle Bodine
(509) 440-5640
Source:
Moodyscre
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 12 at 4:12AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This office building is offered for sale and contains 1,352 SF. The property is positioned for strong street exposure with high visibility along S Washington Street.
Located at 807 S Washington St in Kennewick, Washington, the building is described as having convenient access to major roads as well as nearby local businesses and downtown amenities. This configuration can support a range of office uses where visibility and access are important.
For buyers seeking a commercial office space in the Tri-Cities, the property’s S Washington Street frontage and connectivity to surrounding business areas are key considerations.
Located at 807 S Washington St in Kennewick, Washington, the building is described as having convenient access to major roads as well as nearby local businesses and downtown amenities. This configuration can support a range of office uses where visibility and access are important.
For buyers seeking a commercial office space in the Tri-Cities, the property’s S Washington Street frontage and connectivity to surrounding business areas are key considerations.
Key Highlights
- 1,352 SF office building available for sale
- High‑visibility exposure along S Washington Street
- Address: 807 S Washington St, Kennewick, WA 99336
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
$20,753
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
4.62%
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%
$415,060
$415.1K
Cap Rate 7%
$296,471
$296.5K
Cap Rate 9%
$230,589
$230.6K
Market Conditions
NOI Build-Up for 1,352 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
$29.7K $21.96/SF
− Vacancy
−$2.0K −$1.49/SF
EGI
$27.7K $20.47/SF
− OpEx
−$6.9K −$5.12/SF
NOI
$20.8K $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 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%
$415,060
Cap Rate 7%
$296,471
Cap Rate 9%
$230,589
Alternative Uses
Best Use
Office B
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.0K
$328.1K – $437.5K
NOI $26,250 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
859
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
Market
Vacancy Rate% for Office 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?
Office building - Office building with high-visibility frontage on S Washington Street in Kennewick, WA.
Where is this office building located?
The property is located at 807 S Washington St Kennewick, WA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,352 SF office building available for sale; High‑visibility exposure along S Washington Street; Address: 807 S Washington St, Kennewick, WA 99336
