Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Retail space
321 Columbia Ctr Blvd Kennewick, WA 99336-7830
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1207986
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE
Total area
9,600 SF
Lot
1.29 ac (56,158 SF)
APN
106891010581012
UPID
US90-1207986
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
-
Metropolitan Plaza Shopping Center & Mall
-
We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
-
Taqueria El Molcajete Restaurant
-
Batteries Plus Auto Parts Store
-
Sub Zero Nitrogen Ice Cream Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.61M
Owner & transaction history
City Of Kennwick · 3 yrs held
City Of Kennwick
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+47.7%
Office building
$2.1M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,615,000
Current use
RESTAURANT
$2,385,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$2,100,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$168 / 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
$2,394,670
Assessed 2023
Previous assessed
$2,176,450
+10.0% YoY
Assessed land
$807,750
Assessed improvement
$1,586,920
Land market value
$807,750
Improvement market value
$1,586,920
Total market value
$2,394,670
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
9,600 SF
Lot
1.29 ac (56,158 SF)
APN
106891010581012
UPID
US90-1207986
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
RETAIL STORES Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
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
2007
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
City Of Kennwick
Entity
Mailing address
PO BOX 6108, KENNEWICK, WA 99336-0108
Ownership since
2023
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
Apr 26, 2023
—
City Of Kennwick
Cancado Family Investments LLC
Warranty Deed
—
Nov 18, 2019
$2,440,000
Cancado Family Investments LLC
Metropolitan Plaza LLC
Warranty Deed
$600,000 · Numerica Cu
Mar 22, 2017
—
Metropolitan Plaza LLC
Gem Condos LLC
Quit Claim Deed
related
—
Dec 2, 2016
—
Metropolitan Plaza LLC
Gem Condos LLC
Quit Claim Deed
related
—
Sep 24, 2014
$1,890,000
Gem Condos LLC
Crosspointe Associates LP II
Grant Deed
—
—
—
Crosspointe Associates LP II
—
Deed Of Trust
related
$1,525,000 · Intervest Mortgage Co LLC
—
—
Crosspointe Associates LP II
—
Deed Of Trust
related
$1,500,000 · Standard Insurance Co
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?”
You own 321 Columbia Ctr Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
