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Property profile & analytics
OFF-MARKET
Estimated value
$12,945,000
Community centers
151 Ely St Kennewick, WA 99336-2941
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0640830
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1990
Construction
CONCRETE
Total area
103,080 SF
Lot
8.38 ac (365,033 SF)
APN
103891030000005
UPID
US90-0640830
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
-
Gold's Gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.95M
Owner & transaction history
Highlands Center Holdings LLC · 4 yrs held
Highlands Center Holdings LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,410,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$17,170,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,700,000
Change: 0% · Conversion: Easy
RESTAURANT
$12,375,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$10,205,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$12.95M
Range $11.65M – $14.24M · ±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
$126 / 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
$13,211,750
Assessed 2023
Previous assessed
$12,637,800
+4.5% YoY
Assessed land
$3,464,790
Assessed improvement
$9,746,960
Land market value
$3,464,790
Improvement market value
$9,746,960
Total market value
$13,211,750
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
103,080 SF
Lot
8.38 ac (365,033 SF)
APN
103891030000005
UPID
US90-0640830
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
Est. value
$17.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$12.7M
RESTAURANT
Est. value
$12.4M
RETAIL STORES
Est. value
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1990
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
8.38 ac
Current owner
From public records · entity-resolved
Highlands Center Holdings LLC
Entity
Mailing address
3015 112TH AVE NE, BELLEVUE, WA 98004-8001
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Highlands Center Holdings LLC
Highlands Center LLC
Warranty Deed
$10,000,000 · Minnesota Life Insurance Company
Apr 30, 2013
—
Highlands Center LLC
—
Deed Of Trust
related
$5,000,000 · Umpqua Bank
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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