Office Building on 3
For Sale
$3,455,000
8200 Grandridge Blvd, Kennewick, WA 99336
A short-plat process is underway, with the final lot configuration subject to agreement between buyer and seller.
Property Size9,306 SF
Lot Size3.00 Acres
Price / SF$371.27
Days on Market396
Property Features for 8200 Grandridge Blvd
General Information
Standard status
Active
Size
9,306 SF
Lot size
3.00 Acres
Property subtype
COMMERCIAL
Land
Land Use
commercial
Subdividable
Yes
Additional Details
Road Access
Yes
Property Use
Professional Office
Taxes and HOA fees
Annual Taxes
$20,658
Building Details
Building Size
9,306 SF
Year Built
1994
Buildings
1
Listing Agency:
Kiemle& Hagood Company
Listed By:
Brenda Berk · License #88213
(509) 366-5388
Source:
Desertedgerealtygroup
Added: Sep 30, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:29AM
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 Kiemle& Hagood Company
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.
A professional office building constructed in 1994 sits on a 3-acre parcel. The owner has begun the short-plat process to separate the parcel. The building and land may be divided from additional property, with the final lot configuration to be established through a site plan and agreed upon by buyer and seller.
The information also identifies an approximately 1-acre corner parcel at CTR Pkwy as part of the potential parceling arrangement.
The information also identifies an approximately 1-acre corner parcel at CTR Pkwy as part of the potential parceling arrangement.
Key Highlights
- Professional office building built in 1994
- 3‑acre parcel
- Owner has initiated a short plat to separate the 3‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,847
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,940
$2.9M
Cap Rate 7%
$2,040,671
$2.0M
Cap Rate 9%
$1,587,189
$1.6M
Market Conditions
NOI Build-Up for 9,306 SF
Gross rent
$204.4K $21.96/SF
− Vacancy
−$13.9K −$1.49/SF
EGI
$190.5K $20.47/SF
− OpEx
−$47.6K −$5.12/SF
NOI
$142.8K $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 Rate 5%
$2,856,940
Cap Rate 7%
$2,040,671
Cap Rate 9%
$1,587,189
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.38M
NOI $142,847 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,680 @ 7.0% cap · market cap 5.23%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
1,519
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A short-plat process is underway, with the final lot configuration subject to agreement between buyer and seller.
Where is this office building located?
The property is located at 8200 Grandridge Blvd Kennewick, WA.
What is the asking price?
The asking price for this property is $3,455,000.
What are key features of this property?
This property features: Professional office building built in 1994; 3‑acre parcel; Owner has initiated a short plat to separate the 3‑acre parcel
