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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Office buildings
636 Colorado St Kennewick, WA 99336-7769
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0043576
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Construction
CONCRETE
Total area
6,000 SF
Lot
0.71 ac (30,928 SF)
Zoning code
22
APN
132993000003004
UPID
US90-0043576
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
-
JP D’Angelo, HomeSmart Elite Brokers Real Estate Agency
-
Kelley Rex REALTOR Real Estate Agency
-
Kellen Belew, HomeSmart Elite Brokers Real Estate Agency
-
DreamHomesByShawn @ Home Smart Elite Brokers Real Estate Agency
-
Jeff Smart - Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.46M
Owner & transaction history
Ric Whitley Commercial LLC · 1 yrs held
Ric Whitley Commercial LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
22 · Kennewick, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+33.2%
Restaurant
$1.5M
+13.5%
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
$1,455,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,315,000
Current use
COMMERCIAL (GENERAL)
$1,750,000
Change: +33% · Conversion: Easy
RESTAURANT
$1,490,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Sep 30 2024)
Last sale anchor
$1.45M
Sep 30 2024
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
$243 / 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
$1,280,710
Assessed 2023
Previous assessed
$1,277,000
+0.3% YoY
Assessed land
$127,420
Assessed improvement
$1,153,290
Land market value
$127,420
Improvement market value
$1,153,290
Total market value
$1,280,710
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
6,000 SF
Lot
0.71 ac (30,928 SF)
Zoning code
22
APN
132993000003004
UPID
US90-0043576
Jurisdiction
BENTON
Zoning & alternative use
22 · Kennewick, WA
Zoning 22 · permitted uses
22 · Kennewick, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennewick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1993
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Ric Whitley Commercial LLC
Entity
Mailing address
636 N COLORADO ST, KENNEWICK, WA 99336-7769
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$1,454,244
Ric Whitley Commercial LLC
John D Palmer
Warranty Deed
—
Sep 30, 2024
$1,250,000
Ric Whitley Commercial LLC
John D Palmer
Warranty Deed
—
Mar 18, 2024
—
John D Palmer
Jeff Smart
Deed In Lieu Of Foreclosure
related
—
Mar 23, 2021
$12,198
Hatch Kennewick LLC
John D Palmer
Warranty Deed
—
Mar 23, 2021
$1,149,438
Jeff Smart LLC
John D Palmer
Warranty Deed
$1,125,000 · John D Palmer Trust
Mar 23, 2021
—
Hatch Kennewick LLC
Hatch Kennewick LLC
Intrafamily Transfer
related
—
Mar 23, 2021
$1,200,000
Jeff Smart LLC
John D Palmer
Warranty Deed
$1,125,000 · John D Palmer Trust
Mar 23, 2021
$13,571
Hatch Kennewick LLC
John D Palmer
Warranty Deed
—
Sep 30, 2013
$18,600
Team Of Max Services INC
First Advantage
Grant Deed
related
—
May 9, 2006
$1,300,000
Palmer,john D Trust
Tippett Land & Mortgage
Warranty Deed
—
—
—
John S Foggy
—
Deed Of Trust
related
$1,410,510 · Karon L Halford
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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