Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1026 Colorado St Kennewick, WA 99336-7618
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1026 Colorado St Kennewick, WA 99336-7618

    View on Map
    • Turn key restaurants
    Off-Market
    Property ID
    US90-2901713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carl's Jr. / Restaurant / Take-out & Catering
    • Amazon Hub Locker - Beard / Postal Service / Courier Service

    Property Details for 1026 Colorado St

    Property type
    Turn key restaurants
    APN
    30PC72800000000
    APU
    30PC72800000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.223
    Latitude
    46.2206
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

    Comparable in this City

    • Value Estimation
      $505,000
      3,718 SF

      2631 Kennewick Ave

      RESTAURANT • 3,718 SF
      2631 Kennewick Ave, Kennewick, WA 99336-3124
      View Details
    • Value Estimation by Request
      3,524 SF

      901 Columbia Ctr Blvd

      RESTAURANT • 3,524 SF
      901 Columbia Ctr Blvd, Kennewick, WA 99336-1153
      View Details
    • Value Estimation by Request

      1310 Columbia Ctr Blvd

      RESTAURANT
      1310 Columbia Ctr Blvd, Kennewick, WA 99336-7658
      View Details
    • Value Estimation by Request

      731 Columbia Ctr Blvd

      RESTAURANT
      731 Columbia Ctr Blvd, Kennewick, WA 99336-7761
      View Details
    • Value Estimation by Request

      924 Columbia Ctr Blvd, Unit 310

      RESTAURANT
      924 Columbia Ctr Blvd, Kennewick, WA 99336-7626
      View Details
    • Value Estimation by Request

      5011 Clearwater Ave

      RESTAURANT
      5011 Clearwater Ave, Kennewick, WA 99336-1965
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • Contact for pricing
      4,000 SF

      Retail Space Near Steptoe Intersection

      New retail building in planning phase near Kadlec.
      8920 W Clearwater Ave, 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
      9,000 SF

      Retail Investment Property For Sale

      Multi-tenant retail property with long-term restaurant tenant.
      8318 W Gage Blvd, Kennewick, WA 99336
      View Details
    • Contact for pricing
      Pending

      Fully Equipped Restaurant in Kennewick

      Fully operational restaurant for sale in a prime location.
      2807 W 10Th Ave, Kennewick, WA 99336
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Corner Lot Ground Lease Opportunity

      Corner lot available for ground lease or build to suit.
      803 S Washington St, Kennewick, WA 99336
      View Details
    • $26 SF/Yr
      11,880 SF

      Kennewick Office Space for Lease

      New Construction, Flexible Suites Available
      7034 Clearwater Ave, Kennewick, WA 99336
      View Details
    • $1,500 /Mo

      Retail Space in Shopping Center

      Retail and restaurant spaces available in prime location.
      6494 W Skagit Ave, Kennewick, WA 99336
      View Details
    • Contact for pricing
      17,282 SF

      Prime Retail Space on Steptoe

      High-traffic location near shopping centers with drive-thru options.
      1901 N Steptoe St, Kennewick, WA 99336
      View Details
    • $5,000 /Mo

      Restaurant/Event Space in Midtown Plaza

      Commercial kitchen, open space, and ample parking in Kennewick.
      2107 W 4Th Ave, Kennewick, WA 99336
      View Details
    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.
    1026 Colorado St
    Kennewick, WA 99336-7618
    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!