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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Apartment buildings

    120 Cascade St, Kennewick, WA 99336-3969

    3,954 SF 0.38 ac lot Built 1950
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US90-1351269
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Humberto Medelez · 2 yrs held
    Humberto Medelez
    since 2024
    Last sale
    $600,000
    4 recorded transactions
    2024
    $600,000
    2021
    $479,438
    2018
    2017
    $235,000
    Zoning & alternative use
    33 · Kennewick, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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