Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hansen Park Office Kennewick, WA 99336

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr

    New construction office/retail space with high visibility and access.

    Type:Office
    Property size:
    18,750 SF
    Added:
    Nov 21, 2025
    Days on Market:
    141
    Last Refresh:
    Apr 6 at 12:08 am

    Property Features for Hansen Park Office

    General Information

    Standard status
    Active
    Size
    18,750 SF
    Property subtype
    Office

    Building Details

    Year Built
    2021

    Spaces For Lease

    at Hansen Park Office Contact us

    We can help!

    Listing Contact
    James Wade
    James Wade

    Listing agent James Wade License #99089

    Listing office SVN Retter & Company

    Listing date Nov 21, 2025

    Source Svn

    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 SVN Retter & Company

    Overview

    Class A Office/Retail Space

    This Class A office and retail space is currently under construction. The property benefits from a high-traffic location with excellent visibility and convenient access to Interstate 82, facilitating connections to all areas of the Tri-Cities. Situated just west of Columbia Center and 10th Avenue, the property features frontage and access to main arterials and freeways. The new construction consists of a two-story building offering Class A office space. The setting includes park-like surroundings and ample parking.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.173
    Latitude
    46.2117

    Nearby Similar for Lease

    • $12/mo

      Kennewick Office Spaces for Rent

      Multiple office suites available in a multi-tenant complex in Kennewick.
      320 N Johnson, Kennewick, WA 99336
      View Details
    • Sponsored
      Contact for pricing

      WA, Kennewick - W Grandridge Blvd

      8350 Grandridge Blvd, Kennewick, WA 99336
      View Details
    • $24/mo

      New Office Spaces Available

      New office building with customizable spaces, completion Summer 2024.
      7275 Clearwater Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Restaurant/Event Space in Midtown Plaza

      Commercial kitchen, open space, and ample parking in Kennewick.
      2107 W 4th Avenue, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Move-in Ready Office Suite

      Office suite with reception area, offices, restrooms, and conference room.
      8514 W Gage Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Retail and restaurant spaces available in prime location.
      6494 W Skagit Ave, Kennewick, WA 99336
      View Details
    • $16/mo

      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
    • $14/mo

      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
    • $22/mo

      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
    • Contact for pricing

      Kennewick Office Space Sublease

      Updated office space available for sublease through June 2026.
      8121 W Grandridge Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Remodeled Office Space in Kennewick

      Newly remodeled office space in Kennewick's premier office district.
      8203 W Quinault Ave suite 900, Kennewick, WA 99336
      View Details
    • $20/mo

      Luxury Mixed-Use Corner Suite

      1,600 SF end-cap suite in Kennewick's premier destination.
      4112 West 24th Avenue, Kennewick, WA 99337
      View Details

    FAQs

    What type of property is this?
    Office units - New construction office/retail space with high visibility and access.
    Where is this office units located?
    The property is located at Hansen Park Office Kennewick, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: High traffic and visibility location with tremendous access to Interstate 82.; New Class A office/retail construction.; Located just West of Columbia Center and 10th Ave. with great frontage and access to main arterials and Freeways
    (509) 737-9429
    We can help!
    Listing Contact
    James Wade
    James Wade
    Real Estate License ID: 99089
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!