Office Suite with Planned
For Sale
Contact for pricing
8382 Gage Blvd Unit O, Kennewick, WA 99336
The premises are planned for subdivision into smaller offices with standard interior finishes.
Property Size18,930 SF
Price / SF$0.19
Days on Market113
Property Features for 8382 Gage Blvd Unit O
General Information
Standard status
Active
Size
18,930 SF
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$11,435
Building Details
Building Size
18,930 SF
Year Built
1975
Listing Agency:
Crown Property Management
Listed By:
Harlan Huston · License #114530
(509) 851-2743
Source:
Desertedgerealtygroup
Added: Jul 7
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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 Crown Property Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite O offers approximately 2,700 sf in its current as-is configuration, with plans to divide the premises into smaller office suites. The proposed layouts include two options of approximately 1,750 sf and another of approximately 950 sf. Planned work includes carpet, cove base, interior paint, standard electrical service, and LED lighting.
The property is at 8382 Gage Blvd in Kennewick’s central business district, near the Gage and Columbia Center Shopping Mall roundabout. Retail, dining, and service businesses are among the surrounding uses.
The property is at 8382 Gage Blvd in Kennewick’s central business district, near the Gage and Columbia Center Shopping Mall roundabout. Retail, dining, and service businesses are among the surrounding uses.
Key Highlights
- Approximately 2,700 sf available in the current as‑is layout
- Proposed split configurations include 1,750+/- sf, 1,750 +\/- sf, and 950 +\/- sf
- Planned office finishes include carpet, cove base, paint, standard electrical service, and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,576
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,811,520
$5.8M
Cap Rate 7%
$4,151,086
$4.2M
Cap Rate 9%
$3,228,622
$3.2M
Market Conditions
NOI Build-Up for 18,930 SF
Gross rent
$415.7K $21.96/SF
− Vacancy
−$28.3K −$1.49/SF
EGI
$387.4K $20.47/SF
− OpEx
−$96.9K −$5.12/SF
NOI
$290.6K $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%
$5,811,520
Cap Rate 7%
$4,151,086
Cap Rate 9%
$3,228,622
Alternative Uses
Best Use
Office B
$4.15M
$3.63M – $4.84M
NOI $290,576 @ 7.0% cap · market cap 8,071.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.25M
$4.59M – $6.13M
NOI $367,534 @ 7.0% cap · market cap 10,209.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,588
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
Frequently Asked Questions
What type of property is this?
Office unit - The premises are planned for subdivision into smaller offices with standard interior finishes.
Where is this office unit located?
The property is located at 8382 Gage Blvd Unit O Kennewick, WA.
What are key features of this property?
This property features: Approximately 2,700 sf available in the current as‑is layout; Proposed split configurations include 1,750+/- sf, 1,750 +\/- sf, and 950 +\/- sf; Planned office finishes include carpet, cove base, paint, standard electrical service, and LED lighting
