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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Office buildings
1030 Ctr Pkwy Kennewick, WA 99336-7160
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1976007
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Construction
CONCRETE
Total area
21,320 SF
Lot
1.33 ac (57,939 SF)
APN
131991000011028
UPID
US90-1976007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
MacDonald Accounting Accounting Firm
-
Water Treatment Resources Big Box & Wholesale Store
-
Flodin Cia Counselor Mental Health
-
Brown Kristi Alternative Medicine Practice Spa & Massage Center
-
Simply Benefits Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.07M
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$5.15M
Blend (final)
Blend
$4.07M
Owner & transaction history
The Ollie Properties LLC · 5 yrs held
The Ollie Properties LLC
since 2021
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.2M
+33.2%
Restaurant
$5.3M
+13.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kennewick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennewick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,070,000
ML approach
$4,070,000
CAP Approach
CAP Return
Estimation
6%
$5,820,000
6.5%
$5,370,000
7%
$4,985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,665,000
Current use
COMMERCIAL (GENERAL)
$6,210,000
Change: +33% · Conversion: Easy
RESTAURANT
$5,295,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $4.07M (Dec 31 2024)
Last sale anchor
$4.07M
Dec 31 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,711,550
Assessed 2023
Previous assessed
$3,711,550
+0.0% YoY
Assessed land
$405,660
Assessed improvement
$3,305,890
Land market value
$405,660
Improvement market value
$3,305,890
Total market value
$3,711,550
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Total area
21,320 SF
Lot
1.33 ac (57,939 SF)
APN
131991000011028
UPID
US90-1976007
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RESTAURANT
Est. value
$5.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Lot
1.33 ac
Current owner
From public records · entity-resolved
The Ollie Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5741 CROW HVN RD, LANGLEY, WA 98260-8317
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
—
The Ollie Properties LLC
David Monroe Epstein
Quit Claim Deed
related
—
Jun 25, 2021
$5,652,205
David Monroe Epstein
Cch Executive Suites LLC
Warranty Deed
$2,250,000 · Tapco Cu
Dec 2, 2004
—
Cch Executive Suites LLC
—
Trustees Deed
related
$2,832,000 · Bank Of Whitman
—
—
Cch Executive Suites LLC
—
Deed Of Trust
related
$150,000 · Bank Of Whitman
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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