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    830 Columbia Center Blvd Kennewick, WA 99336

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Kennewick office space, ample parking.

    Lot size:
    30,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Plaza West, located at 830 N Columbia Center Blvd, Kennewick, WA 99336, offers exceptional office space in a prime Central Business District location. This Class B building, constructed in 1981, boasts a total of 30,768 square feet across two stories. The property sits on 1.71 acres of land and features a convenient 75-space parking lot, eliminating the need for costly NNN charges. The building is situated on the signalized corner of Columbia Center Blvd and Grandridge Boulevard, ensuring high visibility and easy access. Multiple tenancy options are available, ranging from 1,750 square feet to 6,896 square feet, making it suitable for a variety of business needs. The building includes elevators for convenient access to all floors. Its strategic location offers proximity to numerous retail establishments, hotels, services, and restaurants, providing employees and clients with a wealth of amenities. The property benefits from prominent monument and building signage, further enhancing its visibility and appeal. The zoning designation is CG. This is a rare opportunity to secure office space in a highly desirable location with excellent visibility and ample parking.

    Property Features for 830 Columbia Center Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,768 SF
    Class
    B
    Total Rate
    52562

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Professional Office on Columbia Center
    Size
    3,390 SF
    Rate per SF
    $24
    Space
    Nice Office Suite on Columbia Center
    Size
    1,756 SF
    Rate per SF
    $24
    Space
    Highly Visible Office Space
    Size
    1,750 SF
    Rate per SF
    $24
    Space
    Plaza West Professional Office Space
    Size
    6,896 SF
    Rate per SF
    $20

    We can help!

    Listing Contact
    Harley Huston
    Harley Huston

    Learn more

    Property Insight Report

    HighLights

    • Class B office building totaling 30,768 square feet on 1.71 acres in Kennewick, WA's Central Business District.
    • 75‑space parking lot, eliminating NNN charges.
    • High visibility corner location at Columbia Center Blvd and Grandridge Blvd, with prominent monument and building signage.
    • Multiple suite sizes available, ranging from 1,750 to 6,896 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cynthia L. Wright, ... Massage Therapist Kiok Radio Broadcaster KNLT Radio Broadcaster Kuj Radio Broadcaster Pickett Law, PLLC Family Law Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.2236226864
    Latitude
    46.218267075885

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Kennewick office space, ample parking.
    Where is this office property / space located?
    The property is located at 830 Columbia Center Blvd Kennewick, WA.
    What is the lease rate?
    The lease rate is $20-$24 SF/Yr.
    What are key features of this property?
    This property features: Class B office building totaling 30,768 square feet on 1.71 acres in Kennewick, WA's Central Business District.; 75-space parking lot, eliminating NNN charges.; High visibility corner location at Columbia Center Blvd and Grandridge Blvd, with prominent monument and building signage.
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    Kennewick, WA 99336
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    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
    830 Columbia Center Blvd Kennewick, WA 99336
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    We can help!
    Listing Contact
    Harley Huston
    Harley Huston
    Real Estate License ID: Washington 114530
    Learn more
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