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Property profile & analytics
FOR LEASE
Turn key restaurants
6821 W Canal Dr Kennewick, WA 99336
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0110884
For Lease
1 / 3
$1,600,000
6821 W Canal Dr, Kennewick, WA 99336
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
WOOD
Total area
10,786 SF
Lot
0.6 ac (26,214 SF)
Zoning code
26
APN
132992030003001
UPID
US90-0110884
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
-
Old Country AYCE Marketplace Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.60M
Owner & transaction history
Hogback Canal Drive LLC · 3 yrs held
Hogback Canal Drive LLC
since 2022
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
26 · Kennewick, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,695,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,360,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Nov 10 2022)
Last sale anchor
$1.60M
Nov 10 2022
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
$148 / 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
$1,397,830
Assessed 2023
Previous assessed
$1,256,240
+11.3% YoY
Assessed land
$479,780
Assessed improvement
$918,050
Land market value
$479,780
Improvement market value
$918,050
Total market value
$1,397,830
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1994
Construction
WOOD
Heating
YES
Stories
1
Total area
10,786 SF
Lot
0.6 ac (26,214 SF)
Zoning code
26
APN
132992030003001
UPID
US90-0110884
Jurisdiction
BENTON
Zoning & alternative use
26 · Kennewick, WA
Zoning 26 · permitted uses
26 · 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
Est. value
$2.4M
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
1994
Construction
WOOD
Heating
YES
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hogback Canal Drive LLC
Entity
Mailing address
2612 W NOB HL BLVD, YAKIMA, WA 98902-7503
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Hogback Canal Drive LLC
—
Deed
related
$3,694,888 · Cashmere Valley Bank
Nov 10, 2022
$1,632,022
Hogback Canal Drive LLC
Jbp Properties LLC
Warranty Deed
$1,059,207 · Cashmere Valley Bank
Nov 10, 2022
$1,600,000
Hogback Canal Drive LLC
Jbp Properties LLC
Warranty Deed
$1,059,207 · Cashmere Valley Bank
Jul 18, 2017
—
Jbp Kirkland LLC
—
Grant Deed
related
$1,275,000 · Bank Of The West
May 30, 2014
$2,500
Jbp Kirkland LLC
Tcrc Properties Three LLC
Grant Deed
$1,350,000 · East West Invs
Oct 20, 2006
$2,250,000
Triple C Properties Three LLC
Eckhardt Co INC Psp
Grant Deed
$1,687,500 · Monumental Life Insurance
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.
Try Rey
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