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Property profile & analytics
OFF-MARKET
Estimated value
$3,655,000
Retail space
5215 Clearwater Ave, Kennewick, WA 99336-1900
Entity Owned
Free & Clear
Property ID
US90-0635507
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
CONCRETE
Total area
21,457 SF
Lot
2.14 ac (93,218 SF)
APN
104892010424005
UPID
US90-0635507
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
-
Marla June's Clothing Company Clothing & Fashion Store
-
Fabric 108 (Bike/Boat/Book/etc) Store
-
Garage & Closet Solutions Carpet & Flooring Store Hardware & Home Improvement
-
Bliss Salon & Barber Hair Salon Nail Salon
-
Tsunami Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$3.66M
Owner & transaction history
Quantum Marineland Plaza LLC
Quantum Marineland Plaza LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+47.7%
Office building
$4.7M
+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%
$4,210,000
6.5%
$3,885,000
7%
$3,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,610,000
Current use
RESTAURANT
$5,330,000
Change: +48% · Conversion: Easy
OFFICE BUILDING
$4,695,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$3.66M
Range $3.29M – $4.02M · ±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
$170 / 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
$3,129,820
Assessed 2023
Previous assessed
$2,785,820
+12.3% YoY
Assessed land
$696,330
Assessed improvement
$2,433,490
Land market value
$696,330
Improvement market value
$2,433,490
Total market value
$3,129,820
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
1987
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
21,457 SF
Lot
2.14 ac (93,218 SF)
APN
104892010424005
UPID
US90-0635507
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
$3.6M
RESTAURANT
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.7M
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
1987
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Quantum Marineland Plaza LLC
Entity
Free & Clear · 0 yrs held
Mailing address
13023 NE HWY 99TH 7TH STE #7, VANCOUVER, WA 98686-2699
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Quantum Marineland Plaza LLC
Rodney R Cook
Warranty Deed
—
Dec 12, 2025
$7,275,000
Quantum Marineland Plaza LLC
Rodney R Cook
Warranty Deed
$5,456,000 · Tapco Cu
Jul 17, 2025
—
Rodney R Cook
Inland Ocean LLC
Deed
related
—
Jul 16, 2025
—
Jane E Schmid Cook
Inland Ocean LLC
Quitclaim Deed
related
—
Oct 29, 2020
$7,050,000
Inland Icean LLC
Clearwater Professional Suites LLC
Warranty Deed
$4,050,000 · Tapco Cu
Jun 19, 2020
—
Cleawater Proffsional Suites LLC
—
Deed
related
$3,056,241 · Gesa Cu
May 10, 2017
—
Clearwater Professional Suites LLC
—
Deed
related
$650,000 · Gesa Cu
Oct 4, 2016
—
Clearwater Prof Suites LLC
—
Trustees Deed
related
$650,000 · Gesa FCU
Apr 22, 2016
—
Clearwater Prof Suites LLC
Cmlt 2008-ls1 West Clearwater
Quit Claim Deed
related
—
Apr 8, 2016
$3,142,844
Cmlt 2008-ls1 West Clearwater
Eisenhower Carlson PLLC|5215 Clearwater Owner LLC
Trustees Deed
related
—
Dec 23, 2015
$3,412,500
Clearwater Professional Suites LLC
2008-ls1 West Clearwater Avenue LLC
Special Warranty Deed
$2,730,000 · Gesa Cu
Aug 21, 2015
$3,142,844
Cmlt 2008-ls1 West Clearwater
Eisenhower & Carlson PLLC|5215 Clearwater Owner Ll
Trustees Deed
related
—
Aug 17, 2007
—
5215 Clearwater Owner LLC
5215 Clearwater LLC
Quit Claim Deed
$5,000,000 · Lasalle National Bank
Sep 23, 2005
$6,000,000
Manhattan Capital LLC
Luke,warren K & Joan M
Grant Deed
$4,305,000 · First Regional Bank
—
—
Warren K Luke
—
Deed Of Trust
related
$1,500,000 · Banner 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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