Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7034 Clearwater Ave Kennewick, WA 99336
    Back to Search
    Property profile & analytics

    7034 Clearwater Ave Kennewick, WA 99336

    View on Map
    • Retail properties & Spaces
    • 11,880 SF
    • 1.00 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Kennewick Office Space for Lease For Lease
    $26 SF/Yr

    Kennewick Office Space for Lease

    New Construction, Flexible Suites Available

    7034 Clearwater Ave, Kennewick, WA 99336
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7034 Clearwater Ave

    Year built
    2024
    Lot size
    1.00 lot acres
    Property size
    11,880 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 11,880 square foot commercial building in Kennewick, WA, offers a unique leasing opportunity. Located at 7034 W. Clearwater Avenue, near Columbia Center Blvd, this single-story, 2024-built property boasts a prime location with high visibility and easy access. The building is zoned CG and sits on a one-acre lot (43,560 sq ft), providing ample parking. Currently, the building is designed with six suites, offering flexible space options ranging from 1,980 to 11,880 contiguous square feet. All 11,880 square feet are currently vacant. Ideal for various uses, including traditional office, medical office, creative office, or coworking spaces, the property is designed with a modern aesthetic and high-quality materials. Each space will be delivered in shell condition, including concrete floors, insulated walls, open ceilings, a 200-amp electrical panel, a private restroom, and HVAC trunk lines. Three electric vehicle charging stations will also be available. The property's versatile design allows for the combination of units to accommodate specific tenant needs. This is a remarkable opportunity to establish a presence in a thriving Kennewick commercial district. The Benton County location offers excellent access to amenities and a strong local economy. The property's APN is 105892000002013. No elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.215
    Latitude
    46.2103

    Comparable in this City

    • Value Estimation by Request

      309 Kennewick Ave

      Restaurants
      309 Kennewick Ave, Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      4,500 SF

      845 Columbia Center Blvd

      Office Spaces • 4,500 SF
      845 Columbia Center Blvd, Kennewick, WA 99336
      View Details
    • Value Estimation by Request

      8920 Clearwater Ave

      Retail properties & Spaces
      8920 Clearwater Ave, Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      2,288 SF

      608 Columbia Center Blvd

      Office Spaces • 2,288 SF
      608 Columbia Center Blvd, Kennewick, WA 99336
      View Details
    • Value Estimation by Request
      9,882 SF

      17 Cascade St

      Office Spaces • 9,882 SF
      17 Cascade St, Kennewick, WA 99336
      View Details
    • Value Estimation
      $5,670,000
      62,239 SF

      205 Morain St

      DEPARTMENT STORE • 62,239 SF
      205 Morain St, Kennewick, WA 99336-2907
      View Details

    Similar Nearby for Sale

    • $2,100,000
      0.53 Acres

      Kennewick Restaurant For Sale

      Restaurant property for sale in Kennewick, Washington.
      7000 Okanogan Pl, Kennewick, WA 99336
      View Details
    • $2,575,000
      7,396 SF

      NNN Leased Restaurant Investment

      NNN leased restaurant in a prime retail corridor.
      8110 W Gage Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing

      7015 W. Deschutes Ave, Kennewick, WA 99336

      Medical Office Space
      7015 W Deschutes Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      16,232 SF

      Former Cafe at Mountain View

      Former cafe space, suitable for office or restaurant use.
      10121 W Clearwater Ave, Kennewick, WA 99336
      View Details
    • $3,400,000
      12,448 SF

      Kennewick Office Building Investment

      Prime 12,448 SF Office, Kennewick, WA
      911 S Washington St, Kennewick, WA 99336
      View Details
    • $1,099,000
      2,746 SF

      Established Restaurant Near Downtown Kennewick

      Established restaurant near downtown Kennewick with a healthy customer base.
      808 W Vineyard Dr, Kennewick, WA 99336
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      11,880 SF

      Kennewick Office Space for Lease

      New Construction, Flexible Suites Available
      7034 Clearwater Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Free-Standing Building with Highway Exposure

      High-visibility commercial building with 50+ parking stalls and outdoor patio.
      2100 N Belfair St, Kennewick, WA 99336
      View Details
    • Contact for pricing

      Functional Space in 10th Avenue

      Multi-room layout ideal for service-based users in Kennewick.
      3001 W 10Th Ave, Kennewick, WA 99336
      View Details
    • $7,800 /Mo

      High-Traffic Pad Site Opportunity

      Prime location for medical, retail, or professional services.
      845 N Columbia Center Blvd, Kennewick, WA 99336
      View Details
    • $3 SF/Yr

      Corner Lot Ground Lease Opportunity

      Corner lot available for ground lease or build to suit.
      803 S Washington St, Kennewick, WA 99336
      View Details
    View Listing
    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.
    7034 Clearwater Ave
    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
    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

    Thank You for Inquiry
    7034 Clearwater Ave, Kennewick, WA, 99336
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!