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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    603 9th St Benton City, WA 99320-9790

    • Turn key restaurants
    • 2,790 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Aug 13, 2021
    $573,055
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1059830
    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

    • Turn key restaurants

    Property Details for 603 9th St

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    2,790 SF
    Property type
    Turn key restaurants
    APN
    118973020024019
    APU
    118973020024019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $725,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $695,000
      Current use
      COMMERCIAL (GENERAL)
      $865,000
      Change: +25% Conversion: Easy
      OFFICE BUILDING
      $620,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton City
    County
    Benton
    State
    Washington
    Longitude
    -119.488
    Latitude
    46.2641
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $44,300
    $232,920
    $277,220
    -
    $44,300
    $232,920
    $277,220

    Comparable in this City

    • Value Estimation
      $260,000
      364 SF

      502 9th St

      RESTAURANT • 364 SF
      502 9th St, Benton City, WA 99320-9702
      View Details
    • Value Estimation
      $320,000
      2,542 SF

      1002 Grace Ave

      RESTAURANT • 2,542 SF
      1002 Grace Ave, Benton City, WA 99320-9788
      View Details
    • Value Estimation
      $380,000
      3,000 SF

      623 9th St

      RESTAURANT • 3,000 SF
      623 9th St, Benton City, WA 99320-9790
      View Details
    • Value Estimation by Request

      515 9th St

      RESTAURANT
      515 9th St, Benton City, WA 99320-9702
      View Details
    • Value Estimation by Request

      9506 Chandler Rd

      RESTAURANT
      9506 Chandler Rd, Benton City, WA 99320-7852
      View Details
    • Value Estimation
      $375,000
      5,571 SF

      704 9th St

      RESTAURANT • 5,571 SF
      704 9th St, Benton City, WA 99320
      View Details

    Similar Nearby for Sale

    • $325,000
      4,800 SF

      Former City Hall Building

      Two-story building in downtown Benton City suitable for renovation.
      708 9Th St, Benton City, WA 99320
      View Details
    • $90,000

      Industrial Land in Benton City

      One acre of industrial-zoned property with street and utility improvements.
      Nka Dl Ave, Benton City, WA 99320
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    • $2,339,600
      223.96 Acres

      223.96 Acre Rural Land Parcel

      Large rural residential land parcel with territorial views for sale.
      223.96 acres Nka Ruppert Rd, Benton City, WA 99320
      View Details
    • $941,600
      94.16 Acres

      94-Acre Land Parcel in Benton

      94.16 acre parcel zoned for residential development with territorial views.
      94.16 acres N Foxhill Dr, Benton City, WA 99320
      View Details
    • New
      $90,000
      5.00 Acres

      5 Acres of Private Land

      5 acres of private land near Benton City, Washington.
      Nka 506 Pr SE, Benton City, WA 99320
      View Details
    • $249,900
      5.59 Acres

      Benton City Residential Land Parcel

      5+ acre residential land with well and septic in place.
      N Kendall Rd NW, Benton City, WA 99320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,545 SF

      Red Mountain Winery and Facility

      Turnkey tasting room, production, and storage facility on Red Mountain.
      55410 N Sunset Rd, Benton City, WA 99320
      View Details
    • $18 SF/Yr
      1,228 SF

      Updated Retail Space in Benton

      Remodeled retail space in downtown Benton City with high visibility.
      515 9Th St, Benton City, WA 99320
      View Details
    • $7,500 /Mo
      7,000 SF

      High Bay Warehouse with Office

      7,000 SF warehouse/office on 1.96 acres near I-82.
      1585 Dale Ave, Benton City, WA 99320
      View Details
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    603 9th St
    Benton City, WA 99320-9790
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    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
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