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    641 Columbia Ave Connell, WA 99326
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    641 Columbia Ave Connell, WA 99326

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    • Bowling alleys
    • 5,900 SF
    • 0.39 lot acres
    For Sale
    $399,000
    View Listing →
    Connell Bowling Alley & Restaurant For Sale
    $399,000

    Connell Bowling Alley & Restaurant

    Prime Retail Opportunity: Own Connell's Only Bowling Alley!

    641 Columbia Ave, Connell, WA 99326
    View Listing
    Property ID
    US90-2306164
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Take-out & Catering
    • Connell Gas & Food Mart / Gas Station

    Property Details for 641 Columbia Ave

    Year built
    1950
    Lot size
    0.39 lot acres
    Property size
    5,900 SF
    Property type
    Bowling alleys
    APN
    109861036
    APU
    109861036

    Description

    This exceptional retail property located at 641 S Columbia Ave, Connell, WA, presents a unique investment opportunity. Priced at $399,000, this 0.39-acre site houses Connell's only bowling alley, a thriving eight-lane facility complete with a fully operational concession stand. The property's significant draw is further enhanced by a separately leased fast-food restaurant situated at the front of the building, ensuring a consistent stream of revenue. This long-term tenant adds stability and predictability to the investment, making it an attractive proposition for savvy investors seeking a diversified income stream. The bowling alley itself offers significant potential for growth and expansion, catering to the local community's recreational needs. The combined operation of the bowling alley and the established restaurant creates a vibrant hub for social gatherings and entertainment within the town. This turnkey business is ready for a new owner to step in and capitalize on its existing success. The property's strategic location and the unique nature of the business make it a truly rare find in the Connell market. The sale includes the bowling alley, concession stand, and the existing lease agreement with the fast-food restaurant. This is an unparalleled chance to acquire a well-established and profitable business in a desirable location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Connell
    County
    Franklin
    State
    Washington
    Longitude
    -118.862
    Latitude
    46.6554
    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
    2021
    $1,974
    $51,800
    $196,100
    $247,900
    -
    $51,800
    $196,100
    $247,900

    Comparable in this City

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      17.35 Acres

      811 Gum St

      FOOD PROCESSING • 17.35 Acres
      811 Gum St, Connell, WA 99326
      View Details
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      2,400 SF

      Connell, WA 99326

      LIGHT INDUSTRIAL • 2,400 SF
      Connell, WA 99326
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    • Value Estimation
      $1,810,000
      10,251 SF

      Connell, WA 99326

      COLD STORAGE • 10,251 SF
      Connell, WA 99326
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    • Value Estimation by Request
      1,197 SF

      128 Borah St

      OFFICE (GENERAL) • 1,197 SF
      128 Borah St, Connell, WA 99326
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    • Value Estimation by Request
      3,350 SF

      140 Columbia Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,350 SF
      140 Columbia Ave, Connell, WA 99326
      View Details

    Similar Nearby for Sale

    • $399,000
      0.39 Acres

      Connell Bowling Alley & Restaurant

      Prime Retail Opportunity: Own Connell's Only Bowling Alley!
      641 Columbia Ave, Connell, WA 99326
      View Details
    • $1,600,000
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      Connell WA Land Investment Opportunity

      Land parcels in growing area suitable for multiple uses.
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      Connell Duplex: Investment Opportunity

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      Connell Restaurant & Event Venue

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      View Details
    View Listing
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    Connell, WA 99326
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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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