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Property profile & analytics
FOR SALE
Office buildings
1615 E Chemical Dr Kennewick, WA 99337
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0949917
No photos on file
For Sale
$2,890,000
1615 E Chemical Dr, Kennewick, WA 99337
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1973
Construction
CONCRETE
Total area
9,870 SF
Lot
3.9 ac (169,884 SF)
Zoning code
28
APN
105803020031001
UPID
US90-0949917
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
-
J's Pallets / C&R Empire Trucking Freight Service Logistics Company
-
Warrior Pallets Freight Service Logistics Company
-
Chemical Drive Storage & Industrial Park Storage Facility
-
Warrior Storage Storage Facility
-
LaBodega Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.89M
Owner & transaction history
Benton County Justice Center · 1 yrs held
Benton County Justice Center
since 2025
7 recorded transactions
Zoning & alternative use
28 · Kennewick, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+35.3%
Commercial (general)
$2.9M
+34.0%
Restaurant
$2.5M
+12.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,485,000
7%
$2,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,180,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,945,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,920,000
Change: +34% · Conversion: Easy
RESTAURANT
$2,450,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±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
$293 / 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
$1,159,430
Assessed 2023
Previous assessed
$1,159,430
+0.0% YoY
Assessed land
$236,140
Assessed improvement
$923,290
Land market value
$236,140
Improvement market value
$923,290
Total market value
$1,159,430
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
For Sale
Year built
1973
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
9,870 SF
Lot
3.9 ac (169,884 SF)
Zoning code
28
APN
105803020031001
UPID
US90-0949917
Jurisdiction
BENTON
Zoning & alternative use
28 · Kennewick, WA
Zoning 28 · permitted uses
28 · 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
OFFICE BUILDING Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Benton County Justice Center
Entity
Free & Clear · 1 yrs held
Mailing address
7403 W ARROWHEAD AVE, KENNEWICK, WA 99336-1122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
Benton County Justice Center
Benton County Treasurer
Deed
—
Oct 25, 2019
$1,265,778
Warrior Investments LLC
Michael J Hillman
Warranty Deed
$800,000 · Banner Bank
Jan 30, 2018
—
Michael Hillman
—
Trustees Deed
related
$209,582 · Philip Johnson
Oct 26, 2017
—
Michael J Hillman
—
Trustees Deed
related
$20,000 · Avec Gk INC
Feb 8, 2017
—
Michael J Hillman
—
Deed
related
$24,119 · Private Individual
Jun 28, 2016
$650,000
Michael J Hillman
Pacific Hide & Fur Depot INC
Warranty Deed
$455,000 · Private Individual
—
—
Michael J Hillman
—
Deed Of Trust
related
$24,119 · Private Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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