Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4123 24th Ave Kennewick, WA 99338-2071

    • Retail space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2932187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shape Cosmetic Surgery & MedSpa, PLLC / Plastic Surgeon
    • ReliantRx / Store

    Property Details for 4123 24th Ave

    Property type
    Retail space
    APN
    30PS10510000000
    APU
    30PS10510000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennewick
    County
    Benton
    State
    Washington
    Longitude
    -119.177
    Latitude
    46.1873
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

    Comparable in this City

    • Value Estimation by Request

      2620 Williams Pl Ste, Unit 110

      RETAIL STORES (PERSONAL SERVICES)
      2620 Williams Pl Ste, Kennewick, WA 99338-1867
      View Details
    • Value Estimation by Request

      3730 Plz Way

      RETAIL STORES (PERSONAL SERVICES)
      3730 Plz Way, Kennewick, WA 99338-2718
      View Details
    • Value Estimation by Request

      3730 Plz Way

      RETAIL STORES (PERSONAL SERVICES)
      3730 Plz Way, Kennewick, WA 99338-2718
      View Details
    • Value Estimation by Request

      102107 Kash Loop

      RETAIL STORES (PERSONAL SERVICES)
      102107 Kash Loop, Kennewick, WA 99338-0011
      View Details
    • Value Estimation by Request

      5218 16th Ct

      RETAIL STORES (PERSONAL SERVICES)
      5218 16th Ct, Kennewick, WA 99338-1734
      View Details
    • Value Estimation by Request

      3617 Plz Way Ste F

      RETAIL STORES (PERSONAL SERVICES)
      3617 Plz Way Ste F, Kennewick, WA 99338-2717
      View Details

    Similar Nearby for Sale

    • $150,000

      Kennewick Retail Business Opportunity

      Retail business opportunity in Kennewick, Washington for sale.
      4309 W 27Th Pl, Kennewick, WA 99338
      View Details
    • $3,092,760

      Kennewick Commercial Land - 7 Acres

      Subdividable land, prime location, high growth area.
      8637 Bob Olson Pkwy, Kennewick, WA 99338
      View Details
    • Contact for pricing
      3.74 Acres

      Kennewick Industrial Land Available

      3.74 acres of industrial land for sale in Kennewick, WA.
      5115 W Brinkley Rd, Kennewick, WA 99338
      View Details
    • $375,000
      5.00 Acres

      Kennewick Residential Land For Sale

      5-acre residential lot ready for building in Kennewick, Washington.
      30655 Mammoth Dr, Kennewick, WA 99338
      View Details
    • New
      $395,000
      0.29 Acres

      Kennewick Residential Land with Views

      Homesite with panoramic views in the SouthCliffe community.
      7378 W 21St Ave, Kennewick, WA 99338
      View Details
    • New
      $254,000
      0.30 Acres

      Kennewick Residential Land with Views

      Homesite with panoramic views in the SouthCliffe community.
      7270 W 20Th Ave, Kennewick, WA 99338
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,544 SF

      Medical/Retail Space Near Highway 395

      Highly visible 3,087 SF space near Trios Hospital and Kadlec Clinic.
      3601 Plaza Way, Kennewick, WA 99338
      View Details
    • $21 SF/Yr
      2,095 SF

      Modern Restaurant Space in Kennewick

      Restaurant space with modern build-out, high ceilings, and outdoor patio.
      5453 Ridgeline Dr, Kennewick, WA 99338
      View Details
    • $17 SF/Yr
      1,968 SF

      West Clearwater Plaza Retail/Office Space

      1968 SF retail or office space in Kennewick, WA.
      10121 W Clearwater Ave, Kennewick, WA 99338
      View Details
    • $18 SF/Yr
      3,944 SF

      Class A Office Space

      Class A office space in growing Southridge area.
      2555 S Quillan Pl, Kennewick, WA 99338
      View Details
    • $9 SF/Yr
      37,800 SF

      ShopTown Storage: Kennewick Warehouses

      Modern warehouse units, ideal for business needs.
      10519 Ridgeline Dr, Kennewick, WA 99338
      View Details
    • $9,000 /Mo
      8,000 SF

      Modern Industrial Space in Kennewick

      Premier industrial lease opportunity with warehouse and office space.
      5115 Brinkley Rd, Kennewick, WA 99338
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4123 24th Ave
    Kennewick, WA 99338-2071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.