Four-Office Professional
For Sale
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8836 W Gage Blvd #201A, Kennewick, WA 99336
A reception area, conference room, and shared work areas support a range of office configurations.
Property Size2,094 SF
Price / SF$1.43
Days on Market250
Property Features for 8836 W Gage Blvd #201A
General Information
Standard status
Active
Size
2,094 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,035
Building Details
Building Size
2,094 SF
Year Built
2001
Listing Agency:
EverStar Realty
Listed By:
Melanie Hoefer
(509) 521-2041
Source:
Desertedgerealtygroup
Added: Feb 20
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
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 EverStar Realty
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Investment Insights
Based on property information with market context.
This 2,094-square-foot office condominium, built in 2001, includes a reception area and four offices with exterior windows. The layout also features an interior conference room, a copy and break area with storage, a small interior room with a hallway window, and an open area beside the rear hallway that can serve as a library or additional storage.
Key Highlights
- 2,094‑square‑foot office condominium
- Four offices with exterior windows
- Reception area, interior conference room, and copy/break area with storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,860
$642.9K
Cap Rate 7%
$459,186
$459.2K
Cap Rate 9%
$357,144
$357.1K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$46.0K $21.96/SF
− Vacancy
−$3.1K −$1.49/SF
EGI
$42.9K $20.47/SF
− OpEx
−$10.7K −$5.12/SF
NOI
$32.1K $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%
$642,860
Cap Rate 7%
$459,186
Cap Rate 9%
$357,144
Alternative Uses
Best Use
Office B
$459.2K
$401.8K – $535.7K
NOI $32,143 @ 7.0% cap · market cap 1,071.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.8K
$508.2K – $677.6K
NOI $40,656 @ 7.0% cap · market cap 1,355.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,081
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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, conference room, and shared work areas support a range of office configurations.
Where is this office unit located?
The property is located at 8836 W Gage Blvd #201A Kennewick, WA.
What are key features of this property?
This property features: 2,094‑square‑foot office condominium; Four offices with exterior windows; Reception area, interior conference room, and copy/break area with storage
