Two-Story Office
For Sale
$4,599,000
B-8836 W Gage Blvd, Kennewick, WA 99336
Updated office condominium with conference rooms, private offices, training space, and dedicated parking.
Property Size14,334 SF
Price / SF$320.85
Days on Market52
Property Features for B-8836 W Gage Blvd
General Information
Standard status
Active
Size
14,334 SF
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$25,927
Building Details
Year Renovated
2019
Buildings
1
Stories
2
Construction
stucco and wood frame
Tenancy
Single
Listing Agency:
Coldwell Banker Tomlinson
(509) 783-4147
Listed By:
Travis Davis · License #10810
(509) 786-9456
Source:
Exprealty
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 21 at 2:26AM
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 Coldwell Banker Tomlinson
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 101B and 201B comprise a two-story office condominium totaling 14,334 square feet. The property includes a training room, two conference rooms, multiple private offices, a reception area, and main-floor bathrooms. Improvements completed in 2019 included new flooring, carpet tiles, paint, trim, a refreshed reception area, and updated bathrooms.
The building is located on West Gage Boulevard near Steptoe Street in Kennewick. Construction features stucco and wood framing, a metal roof, vinyl windows, central air with a heat pump system, timed underground sprinklers, and full fire suppression. A dedicated parking lot, sidewalks, street lighting, and public sewer and water support the property.
The building is located on West Gage Boulevard near Steptoe Street in Kennewick. Construction features stucco and wood framing, a metal roof, vinyl windows, central air with a heat pump system, timed underground sprinklers, and full fire suppression. A dedicated parking lot, sidewalks, street lighting, and public sewer and water support the property.
Key Highlights
- 14,334 square feet across Suites 101B and 201B
- Two‑story office condominium with a training room and two conference rooms
- 2019 updates included flooring, carpet tiles, paint, trim, reception, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,027
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,400,540
$4.4M
Cap Rate 7%
$3,143,243
$3.1M
Cap Rate 9%
$2,444,744
$2.4M
Market Conditions
NOI Build-Up for 14,334 SF
Gross rent
$314.8K $21.96/SF
− Vacancy
−$21.4K −$1.49/SF
EGI
$293.4K $20.47/SF
− OpEx
−$73.3K −$5.12/SF
NOI
$220.0K $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%
$4,400,540
Cap Rate 7%
$3,143,243
Cap Rate 9%
$2,444,744
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.67M
NOI $220,027 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,301 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,549
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 - Updated office condominium with conference rooms, private offices, training space, and dedicated parking.
Where is this office unit located?
The property is located at B-8836 W Gage Blvd Kennewick, WA.
What is the asking price?
The asking price for this property is $4,599,000.
What are key features of this property?
This property features: 14,334 square feet across Suites 101B and 201B; Two‑story office condominium with a training room and two conference rooms; 2019 updates included flooring, carpet tiles, paint, trim, reception, and bathrooms
