Technical
Financial
Distress signals
Property profile

120 Cascade St Kennewick, WA 99336

OFF-MARKET
Apartment buildings
Property ID
US90-1351269
3,954 SF 0.38 ac lot Built 1950
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 600-square-foot office suite is located in the heart of historic downtown Kennewick, Washington. Situated on a 0.68-acre lot, the building underwent a significant renovation in 2009, encompassing a new roof, HVAC system, electrical upgrades, and exterior stucco. The suite itself received a complete renovation in 2019. The space boasts a well-designed layout featuring one private office, a dedicated conference room, and an open workspace ideal for collaborative efforts. A hallway provides access to two shared ADA-compliant restrooms, and a convenient storage area is also included. Ample parking is available, both on the street and in shared parking areas. This prime location offers excellent visibility and accessibility. Note that an additional 12,904 square feet of office, retail, or light industrial space is also available under a separate listing. The entire property is also available for purchase through a separate listing. This presents a unique opportunity for businesses seeking a well-maintained, updated space in a vibrant downtown setting. The combination of modern amenities and historic charm makes this an attractive option for a variety of commercial uses. The asking price for this lease is $12,000 (terms not specified).

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,954 SF
Lot 0.38 ac (16,496 SF)
Zoning code 33
APN 101891060011004
UPID US90-1351269

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Cascade St Kennewick, WA 99336-3969
Kennewick metro Census 11300 KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$470k
Comparable Approach Comparable
$562k
Blend (final) Blend
$600k

Owner & transaction history

since 2024
Last sale
$600,000
4 recorded transactions
2024
$600,000
2021
$479,438
2018
Price N/A
2017
$235,000

Zoning & alternative use

33 · Kennewick, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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