Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 Union St Kennewick, WA 99336

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Kennewick retail space, multiple units.

    Lot size:
    31,716 SF

    Property Features for 101 Union St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,716 SF
    Total Rate
    39645

    Building Details

    Year Built
    1978
    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 101 Union St, Kennewick, WA 99336 Contact us
    Unit Suite 209

    $15 /Mo

    Size
    2,702 SF
    Contact us
    Unit Suite 201

    $15 /Mo

    Size
    2,132 SF
    Contact us

    We can help!

    Listing Contact
    Gayle Stack, Ccim, Cpm, Crb
    Gayle Stack, Ccim, Cpm, Crb

    Listing Agency: EverStar Realty Listing Agent: Gayle Stack, Ccim, Cpm, Crb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Kennewick investment opportunity presents a prime retail space at 101 N Union St, situated on a busy street just off Clearwater Avenue. The property, built in 1978, comprises two buildings totaling 31,716 square feet on a 1.1-acre lot. Currently, there are two available retail spaces, ranging from 2,132 to 2,702 square feet, perfect for a variety of businesses. The property features a single-story design and offers a mixed-use potential, including retail and office space. The lease rate is competitively priced at $15 per square foot annually, on a double net lease basis. Tenant responsibilities include common area maintenance fees, prorated water/sewer/garbage charges, and separately metered electricity costs. This location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment in Kennewick, WA, zip code 99336. With a current vacancy of 2,064 square feet, this presents a unique chance to secure a prominent space in a well-established commercial area. The property's strategic location and flexible space options make it a compelling investment opportunity. The address is 101 N Union St, Kennewick, WA 99336.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tri Cities Premier ... Training Center Tri-Cities Black Belt ... Training Center Biomat USA Blood Bank Popular Donuts Bakery Desert Fiber Arts Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.17989683892
    Latitude
    46.211132639163

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      WA, Kennewick - W Grandridge Blvd

      Workspaces, services and support to help you work better in Downtown Alamo Corporate Center
      8350 Grandridge Blvd, Kennewick, WA 99336
      View Details
    • $2,650 /Mo
      8,640 SF

      Move-In Ready Gage Blvd Space

      Prime retail/office space near Columbia Center with flexible layout.
      8318 W Gage Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing
      8,314 SF

      Restaurant/Bar Space on Highway 395

      High-visibility restaurant/bar space with existing infrastructure in growing area.
      4862 W Hildebrand Blvd, Kennewick, WA 99337
      View Details
    • $18 SF/Yr
      118,413 SF

      Prime Retail Space in Kennewick

      9,204 SF retail space with high visibility and strong co-tenants.
      6807 W Canal Dr, Kennewick, WA 99336
      View Details
    • $19 SF/Yr
      1,830 SF

      Kennewick Ave Retail Space For Lease

      Move-in ready restaurant space; high visibility location.
      2417 W Kennewick Ave, Kennewick, WA 99336, Kennewick, WA 99336
      View Details
    • $14 SF/Yr
      5,078 SF

      Kennewick Office Building with Golf Course Views

      Three-suite office building in Kennewick, WA, near Highway 395.
      1721 W Kennewick Ave, Kennewick, WA 99336
      View Details
    • $16 SF/Yr
      6,000 SF

      Kennewick Office Flex Building

      High-end office/flex building with warehouse space for lease or sale.
      3123 W 24Th Ave, Kennewick, WA 99337
      View Details
    • $15 SF/Yr
      51,983 SF

      Prime Retail Space Available

      Retail space with high visibility and traffic in Kennewick.
      201 N Edison St -, Kennewick, WA 99336
      View Details
    • $24 SF/Yr
      10,764 SF

      Kennewick Office Space Available

      Prime Kennewick location with customization options.
      6802 W Rio Grande Ave -, Kennewick, WA 99336
      View Details
    • $22 SF/Yr
      12,448 SF

      Turn-Key Medical Facility in Kennewick

      Ready-to-use medical space with exam rooms and ample parking.
      911 S Washington St, Kennewick, WA 99336
      View Details
    • $9,000 /Mo
      8,000 SF

      Modern Industrial Space in Kennewick

      Premier industrial lease opportunity with warehouse and office space.
      5115 Brinkley Rd, Kennewick, WA 99338
      View Details
    • $16 SF/Yr
      53,000 SF

      High-Traffic Retail Center in Kennewick

      Established retail center with high visibility and strong tenant synergy.
      5215 W Clearwater Ave, Kennewick, WA 99336
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Kennewick retail space, multiple units.
    Where is this office property / space located?
    The property is located at 101 Union St Kennewick, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility from a high-traffic location.; Prime retail space situated just off Clearwater Avenue in Kennewick, WA.; Building signage on awnings.
    Request Owner's contact information
    101 Union St Kennewick, WA 99336
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Union St
    Kennewick, WA 99336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Union St Kennewick, WA 99336
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gayle Stack, Ccim, Cpm, Crb
    Gayle Stack, Ccim, Cpm, Crb
    Real Estate License ID: 2021
    Learn more
    Google sign-in failed. Please try again or use another login method.