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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Grocery and convenience stores
2624 Kennewick Ave, Kennewick, WA 99336-3123
Entity Owned
15-yr Hold
Free & Clear
Property ID
US90-0399005
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Construction
CONCRETE
Total area
3,289 SF
Lot
0.35 ac (15,198 SF)
Zoning code
21
APN
102892040000043
UPID
US90-0399005
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
-
Subway Take-out & Catering
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$615k
Owner & transaction history
Phillips Kennewick LLC · 15 yrs held
Phillips Kennewick LLC
since 2010
2 recorded transactions
Zoning & alternative use
21 · Kennewick, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+73.2%
Office building
$720,000
+30.0%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +73% · Conversion: Easy
OFFICE BUILDING
$720,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$187 / 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
$957,690
Assessed 2023
Previous assessed
$959,330
-0.2% YoY
Assessed land
$289,200
Assessed improvement
$668,490
Land market value
$289,200
Improvement market value
$668,490
Total market value
$957,690
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,289 SF
Lot
0.35 ac (15,198 SF)
Zoning code
21
APN
102892040000043
UPID
US90-0399005
Jurisdiction
BENTON
Zoning & alternative use
21 · Kennewick, WA
Zoning 21 · permitted uses
21 · 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
RETAIL STORES Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$960,000
OFFICE BUILDING
Est. value
$720,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2011
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Phillips Kennewick LLC
Entity
Free & Clear · 15 yrs held
Mailing address
5799 SE CORSICA ST, HILLSBORO, OR 97123-2647
Ownership since
2010
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 22, 2010
$280,000
Phillips Kennewick LLC
Magsi,imran G
Warranty Deed
—
Jun 29, 2006
—
Imran G Magsi
Benton County
Quit Claim Deed
related
—
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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