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Property profile & analytics
FOR SALE
Office buildings
224905 East Bowles Rd Kennewick, WA 99337
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0926604
For Sale
1 / 2
Contact for pricing
224905 East Bowles Rd, Kennewick, WA 99337
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1991
Construction
CONCRETE
Total area
523,638 SF
Lot
21.5 ac (936,540 SF)
Zoning code
B1
APN
123802000002001
UPID
US90-0926604
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
-
Lineage Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$72.58M
Blend (final)
Blend
$71.90M
Owner & transaction history
Lineage Wa Columbia Re LLC · 10 yrs held
Lineage Wa Columbia Re LLC
since 2016
5 recorded transactions
Zoning & alternative use
B1 · Kennewick, WA
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
$115,575,000
Current use
Blend value · Realmo final
$71.90M
Range $64.71M – $79.08M · ±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
$26,929,290
Assessed 2023
Previous assessed
$26,929,290
+0.0% YoY
Assessed land
$137,440
Assessed improvement
$26,791,850
Land market value
$137,440
Improvement market value
$26,791,850
Total market value
$26,929,290
Applied tax rate
1,331.0000
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
1991
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
523,638 SF
Lot
21.5 ac (936,540 SF)
Zoning code
B1
APN
123802000002001
UPID
US90-0926604
Jurisdiction
BENTON
Zoning & alternative use
B1 · Kennewick, WA
Zoning B1 · permitted uses
B1 · 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
$115.6M
OFFICE BUILDING Current
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
1991
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
21.5 ac
Current owner
From public records · entity-resolved
Lineage Wa Columbia Re LLC
Entity
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
Ownership since
2016
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
May 13, 2019
—
Lineage Wa Columbia Re LLC
—
Grant Deed
related
—
Apr 10, 2017
—
Lineage Wa Columbia Re LLC
—
Grant Deed
related
$1,295,000,000 · Goldman Sachs Mtg
Feb 12, 2016
—
Lineage Wa Columbia Re LLC
Lineage Columbia LLC
Special Warranty Deed
$1,000,000 · Morgan Stanley Mortgage Capital Hol
Jan 12, 2015
—
Lineage Columbia LLC
Columbia Colstor INC
Special Warranty Deed
$230,000 · Goldman Sachs Bank USA
Apr 25, 2008
—
Columbia Colstor INC
—
Deed Of Trust
related
$97,950,000 · Northwest Farm Credit Svcs
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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