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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Retail space
4001 Kennedy Rd, West Richland, WA 99353-7353
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1357457
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,400 SF
Lot
1.56 ac (67,984 SF)
Zoning code
85
APN
117983BP2967007
UPID
US90-1357457
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.72M
Owner & transaction history
Kennedy Mall Investments LLC · 8 yrs held
Kennedy Mall Investments LLC
since 2018
4 recorded transactions
Zoning & alternative use
85 · West Richland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+69.7%
Restaurant
$3.6M
+35.9%
Office building
$3.2M
+20.9%
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 West Richland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Richland 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%
$2,825,000
6.5%
$2,605,000
7%
$2,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,630,000
Current use
COMMERCIAL (GENERAL)
$4,470,000
Change: +70% · Conversion: Easy
RESTAURANT
$3,575,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$3,185,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±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
$258 / 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
$3,143,810
Assessed 2023
Previous assessed
$3,127,290
+0.5% YoY
Assessed land
$346,930
Assessed improvement
$2,796,880
Land market value
$346,930
Improvement market value
$2,796,880
Total market value
$3,143,810
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,400 SF
Lot
1.56 ac (67,984 SF)
Zoning code
85
APN
117983BP2967007
UPID
US90-1357457
Jurisdiction
BENTON
Zoning & alternative use
85 · West Richland, WA
Zoning 85 · permitted uses
85 · West Richland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Richland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Kennedy Mall Investments LLC
Entity
Mailing address
PO BOX 1069, RICHLAND, WA 99352-1069
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
—
Kennedy Mall Investement LLC
—
Deed
related
$1,500,000 · Banner Bank
Feb 15, 2018
—
Kennedy Mall Investments LLC
Blue Mtn Village Apartments
Warranty Deed
—
May 1, 2017
$1,975,000
Blue Mtn Village Apartments
Retail K LLC
Warranty Deed
$1,481,250 · Numerica Cu
—
—
Retail K LLC
—
Deed Of Trust
related
$1,500,000 · Columbia River 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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