Tavern with Liquor
New
For Sale
$949,000
900 W Columbia Dr, Kennewick, WA 99336
Commercial Sale, Kennewick, WA
Property Size3,982 SF
Lot Size0.61 Acres
Price / SF$238.32
Days on Market2
Property Features for 900 W Columbia Dr
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMCL GENERAL
Parking
31
Directions
Use Maps on phone
Standard status
Active
APN
136993020002015
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
1569
Tax Annual Amount
2026
Building Details
Year built
1960
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Kenny Teasdale · License #135860
(509) 491-2205
Added: Sep 18
Last Checked: Sep 19 at 2:06PM
MLS# 296553
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,982-square-foot tavern at 900 W Columbia Dr in Kennewick occupies a 0.61-acre site and was built in 1960. The sale includes the furniture, fixtures, and equipment currently used in the operation, except for leased items. A liquor license and on-site parking are also part of the property offering.
The bar has been operated by the current owner for over 25 years. COMMCL GENERAL zoning supports its commercial setting, while the existing improvements and included operating components provide a defined base for continued bar use.
The bar has been operated by the current owner for over 25 years. COMMCL GENERAL zoning supports its commercial setting, while the existing improvements and included operating components provide a defined base for continued bar use.
Key Highlights
- 3,982 SF tavern on a 0.61‑acre site
- Liquor license included in the sale
- Furniture, fixtures, and equipment included, excluding leased items
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
$61,347
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
6.46%
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%
$1,226,940
$1.2M
Cap Rate 7%
$876,386
$876.4K
Cap Rate 9%
$681,633
$681.6K
Market Conditions
NOI Build-Up for 3,982 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
$86.0K $21.60/SF
− Vacancy
−$4.2K −$1.06/SF
EGI
$81.8K $20.54/SF
− OpEx
−$20.4K −$5.14/SF
NOI
$61.3K $15.41/SF
Area
Benton County, WA
Vacancy
4.90%
Lease Rate
$21.60 /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%
$1,226,940
Cap Rate 7%
$876,386
Cap Rate 9%
$681,633
Alternative Uses
Best Use
Specialty Retail
$876.4K
$766.8K – $1.02M
NOI $61,347 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$966.4K – $1.29M
NOI $77,312 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
11,083 visits/mo
0.0 miles
Mister Car Wash
Shops & Services
7,929 visits/mo
0.2 miles
Texaco
Shops & Services
3,542 visits/mo
0.2 miles
Carquest Auto Parts
Shops & Services
801 visits/mo
0.1 miles
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar operation with on-site parking, included furnishings, equipment, and a liquor license.
Where is this bar & pub located?
The property is located at 900 W Columbia Dr Kennewick, WA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,982 SF tavern on a 0.61‑acre site; Liquor license included in the sale; Furniture, fixtures, and equipment included, excluding leased items
