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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Retail space
117 Kennewick Ave, Kennewick, WA 99336-3831
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1650355
Property summary
AI-generated overview
This exceptional retail opportunity is situated in the heart of downtown Kennewick, Washington, at 117 W Kennewick Ave, 99336, between Benton Street and Auburn Street. The property boasts a total of 6,728 square feet across two suites within a single, one-story building, situated on a 0.166-acre lot. Currently, 3,275 square feet are available for lease, presenting a fantastic chance for a new business to thrive in this vibrant area. The building underwent renovations in 2018, ensuring modern amenities. The location benefits from excellent visibility and accessibility on Kennewick Avenue, a bustling thoroughfare known for its lively atmosphere and frequent community events, including car shows, art walks, and parades. Utilities are available, including power. While there are no elevators, the single-story building offers convenient access for all tenants and customers. This property is ideal for a variety of retail uses and represents a unique chance to establish a presence in Kennewick's historic downtown district. The property is located in Benton County.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,784 SF
Lot
0.16 ac (6,996 SF)
Zoning code
21
APN
101891020005009
UPID
US90-1650355
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
-
Heber Hatchets Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$930k
Owner & transaction history
Faram LLC · 7 yrs held
Faram LLC
since 2018
5 recorded transactions
Zoning & alternative use
21 · Kennewick, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+30.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,140,000
Current use
OFFICE BUILDING
$1,485,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
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
$137 / 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
$926,850
Assessed 2023
Previous assessed
$759,170
+22.1% YoY
Assessed land
$60,680
Assessed improvement
$866,170
Land market value
$60,680
Improvement market value
$866,170
Total market value
$926,850
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,784 SF
Lot
0.16 ac (6,996 SF)
Zoning code
21
APN
101891020005009
UPID
US90-1650355
Jurisdiction
BENTON
Zoning & alternative use
21 · Kennewick, WA
Zoning 21 · permitted uses
21 · Kennewick, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennewick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Faram LLC
Entity
Mailing address
2275 SKY MDW AVE, RICHLAND, WA 99352-8920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2018
$250,000
Faram LLC
Mark Kennewick Coml II LLC
Warranty Deed
—
Dec 28, 2010
—
Mark Kennewick Coml II LLC
Jones,eric T
Warranty Deed
—
Dec 13, 2010
—
Eric T Jones
Bed Jones Properties LLC
Quit Claim Deed
—
Dec 30, 2005
—
Bed Jones Properties LLC
Jones,eric T
Quit Claim Deed
related
—
—
—
Mark Kennewick Coml II LLC
—
Deed Of Trust
related
$175,000 · Jason Holden
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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